Archives: 2010 February
How To Use Debt Validation To Fight Collection Agencies
February 28th, 2010, Comments Off
There are many collections agencies in the credit world that use unscrupulous methods to collect money owed on a debt. Sometimes these debts are marked up to as much as 150% of the original amount in question. They are against the Fair Credit Reporting Act, but they must be challenged in a court of law to be removed from your credit reports. Until such time as the court sees fit, they can do irreparable damage to your credit rating and create havoc in your financial life.
Does a Credit Card Judgment Affect Me?
February 25th, 2010, Comments Off
A credit card judgment is a serious infraction on your credit report and a black mark against your credit history. You will not be able to apply for any other credit until it is paid in full. Your wages can be garnished in increments until the debt is paid. This means an amount will be deducted every pay period.
Tips To Avoid Credit Card Debt
February 22nd, 2010, Comments Off
If you are looking to apply for a credit card then there are a few facts you should be aware of first. Today more and more people have an enormous amount of credit card debt. This can be avoided with a few simple steps.
Answers About Rapid Rescoring
February 20th, 2010, Comments Off
Rapid Rescoring is the process of updating quickly your account information that is reported to all three credit agencies, which results in an increase in your credit scores. At times this can mean the difference between being approved for a loan and being denied. It is also a better way to get the best rate on the interest charged on a loan.
Do You Need A New Credit Card?
February 6th, 2010, Comments Off
If you have a good credit standing, opening a new credit card is fast and easy. What you need to consider though, is whether you really need it.
