Credit Card Company Abuses
Monday, February 25th, 2008The company that issues you a credit card may have ulterior motives other than to just collect interest on unpaid balances. Frequently the issuer will change the terms and interest rate of a particular card with proper notice to you. There may also be hidden fees that you are unaware of.
Some of the ways credit card companies can increase the amount you pay for your credit card include:
Universal Default
Understanding Repossessions
Sunday, February 24th, 2008Secured creditors are not without rights. A creditor that has a secured loan, one in which you have placed property as collateral such as a car or other personal property, has the right to redeem that property in the case of a default on your obligation to pay back the loan. One remedy available to the lender is the remedy of repossession.
Bad Credit Debt Consolidation - Royal Road To Financial Freedom Or Just Symptoms Cure?
Friday, February 22nd, 2008Do you think you are a typical American citizen? Well, if the answer is yes, your household also has a debt of about $14,500 and you annually spend more than you earn. Not an American – ok, don’t worry! The situation in Canada, the UK or other developed countries is not very different.
But how to get out of debt if you are not able to pay your monthly obligations? It seems difficult to find a solution but the earlier you start in reducing or consolidating your debt, the better. With time it becomes even more difficult.
Credit Card Company Abuses
Friday, February 22nd, 2008The company that issues you a credit card may have ulterior motives other than to just collect interest on unpaid balances. Frequently the issuer will change the terms and interest rate of a particular card with proper notice to you. There may also be hidden fees that you are unaware of.
Some of the ways credit card companies can increase the amount you pay for your credit card include:
Universal Default
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
The End Of Easy Credit
Thursday, February 21st, 2008Lenders could make more money by lending money or extending credit to people who could not afford it and who had bad credit in the first place. Doesn’t seem like a very ethical practice, but perfectly legal. But like all things in life, what goes around comes around and as the New York Times puts it “Bam! Easy Credit Evaporates, and so Does the Buyout Frenzy!” If you have watched the news of looked at any newspapers lately you will see they are full of stories about Wall Street, the credit and debt market and the housing market and it isn’t likely to go away any time soon.
Can Bad Credit Get You A Home Equity Loan?
Sunday, February 17th, 2008Are you planning to avail of a home equity loan and are concerned about your bad credit? Now you can relax and feel secure regardless of what you think because a bad credit history won’t disqualify you from achieving your goals and meeting your dreams or even prospering financially.
Some brokers specialize in bad credit home equity loans and work towards fulfilling your financial dreams, bridging the massive fiscal gaps. These lenders see to it that your past mistakes don’t stalk your future and your credit score does not debar you from a loan.
Unsecured Debt Consolidation Loan
Saturday, February 16th, 2008Have you been looking to consolidate your credit card debt and your other debts, but have a bad reputation on your credit history? You will notice in your quest that many options are now available online to help you in consolidating your debt. Whether you want an unsecured debt consolidation loan to consolidate credit card debt or any kind of debt you might currently have, you can locate it on the internet if you know what you are searching for. Below are some of the debt services currently available to you online.
Bad Credit Debt Consolidation - Royal Road To Financial Freedom Or Just Symptoms Cure?
Tuesday, February 12th, 2008Do you think you are a typical American citizen? Well, if the answer is yes, your household also has a debt of about $14,500 and you annually spend more than you earn. Not an American – ok, don’t worry! The situation in Canada, the UK or other developed countries is not very different.
But how to get out of debt if you are not able to pay your monthly obligations? It seems difficult to find a solution but the earlier you start in reducing or consolidating your debt, the better. With time it becomes even more difficult.
Bad Credit - Receive Money From Collection Agencies
Monday, February 11th, 2008There are 2 types of inquires on your credit report, hard and soft. Soft inquiries don’t lower your credit score, hard inquiries will lower your credit score.
Hard inquiries can remain on your credit report for up to 2 years, but Fair Isaac only counts hard inquiries for 2 years.
Debt collectors are the main source of unauthorized hard inquiries. Credit bureaus allow this, as they set up the subscriber accounts to inflict maximum damage. Remember, the credit system was not designed to benefit the general public, its designed to keep a portion of the general public in sub prime status.
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