Credit Repair and a Lost Wallet
Wednesday, May 14th, 2008Have you lost your wallet? You will need to cancel your credit cards and get a new drivers license, but it may be more involved. You should take steps to protect your identity too. A nationally recognized credit repair expert explains your options.
Getting Started
Tips For Getting Credit Repair
Monday, March 10th, 2008Credit repair seems like a very tedious process but actually it is not. Credit repair can be done pretty easy, but be sure you do it right. No services may be provided by any credit repair organization for any consumer unless a written and dated contract (for the purchase of such services). You may cancel this contract without penalty or obligation at any time before midnight of the 3rd business day after the date on which you signed the contract. Any consumer may cancel any contract with any credit repair organization without penalty or obligation by notifying the credit repair organization of the consumer’s intention to do so at any time before midnight of the 3rd business day which begins after the date on which the contract or agreement between the consumer and the credit repair organization is executed or would, but for this subsection, become enforceable against the parties.
Considering Options For Dealing With Debt - Option Sell A Major Asset
Monday, March 3rd, 2008If you are deeply in debt and feel like you are drowning, if credit card interest rates are not allowing you to pay off the debt, then you must consider your options. The first option to consider is to sell a major asset. Selling a major asset like your house or your car may allow you to raise needed cash while keeping associated costs to a minimum. This option is a good idea if you have a reasonable amount of equity in the house or car, perhaps from appreciation over time, and, if you sell, you will be able to raise cash. If you are being pressured by threats of foreclosure or repossession, you will almost always do better by selling the asset yourself than waiting to get cash back after the foreclosure or repossession.
Fast Bad Credit Repair Advice And Tips
Saturday, March 1st, 2008Most people have no idea how their credit history can affect the rates they are offered for making major purchases such as appliances, new cars and homes to name a few. Many people are under the impression that if a lending institution is willing to give them the money requested, then their credit can’t be all that bad. This is a misguided conception. Most lenders are ready to take a risk on someone with bad credit history with one catch; extremely high lending rates. Over the course of just a few years, a person with bad credit history can rack up hundreds of dollars in added interest fees because of a bad credit rating on the major credit reporting agencies. That is why it is so important you find fast repair of bad credit to give you more spending clout.
Debtor Harassment - The Basics - A Violation Of Your Rights
Friday, February 29th, 2008The law allows that a bill collector can call a debtor between the hours of 08:00 am and 09:00 pm
of the debtor’s time zone.
Which simply means that if the collector is calling from the state of Texas, which is in the central time zone and the debtor lives in Florida, which is in the eastern time zone, the Texas collector may only call the debtor after 07:00 am central time and before 08:00 pm central time in order to be in compliance with the Fair Debt Collection Practices Act (FDCPA).
Good Credit Score Range
Wednesday, February 27th, 2008Credit scoring is a system used by some creditors to determine whether to give you a loan or credit card. The creditor may examine your past credit history to evaluate how promptly you pay your bills and look at other factors as well, such as the amount of your income, whether you own a home, and how many years you have worked at your job. If a creditor considers a factor important you may be awarded points for those factors.
Credit Repair - Quick Identity Theft Solution
Thursday, February 21st, 2008An Unpleasant Possibility
Are there entries on your credit report that do not belong to you? These may be the result of a file merger error on the part of the credit bureaus. Or they may be the result of a more nefarious case of identity theft. The Fair Credit Reporting Act (FCRA) gives you very specific and powerful tools to correct cases of identity theft and to quickly block the erroneous information from appearing on your credit report and impacting your credit scores.
Section 611
Credit Repair - Collection Solutions
Thursday, February 7th, 2008Fair Debt Collection Practices Act (FDCPA)
The FDCPA is the consumer protection act designed to prohibit abusive practices by debt collectors. The FDCPA specifically defines a collector as any person that collects debts owed to others, and may include attorneys that collect debts on a regular basis. Note that the language indicates “debts owed to others”, and therefore excludes original creditors from its scope.
Getting Started
When a debt collector initiates a collection effort they must send you a written notice indicating:
Is Credit Repair A Scam ?
Wednesday, February 6th, 2008If you want to find an industry with a horrible reputation look no further than credit repair. Over the years I have seen countless companies coming to my office wanting me to send all of my applicants for a mortgage who had bad credit to them. Most of them stated the same thing, “I will get it removed.” Let’s face it, if you owe the debt, it will not be removed. Most of the creditors sell debts owed to collections companies. These collections companies will not go away until you settle on the debt or pay it in full. The 3 credit bureaus do have to respond to a dispute within 30 days which must be verified. If the dispute is not verified, it must be removed. Credit Repair companies will dispute derogatory information on your credit report for you, but you can do the same thing yourself for free. You can also dispute items from your credit report on-line now.
Debtor Harassment - The Basics - A Violation Of Your Rights
Saturday, February 2nd, 2008The law allows that a bill collector can call a debtor between the hours of 08:00 am and 09:00 pm
of the debtor’s time zone.
Which simply means that if the collector is calling from the state of Texas, which is in the central time zone and the debtor lives in Florida, which is in the eastern time zone, the Texas collector may only call the debtor after 07:00 am central time and before 08:00 pm central time in order to be in compliance with the Fair Debt Collection Practices Act (FDCPA).
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