Advertisements on various types of credit repair services can be found everywhere. The fact that a lot of people need help or advice in rebuilding their credit history and credit score has brought about the emergence of companies or agencies offering credit repair services. How can you protect yourself against such companies? Consider these reminders.
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Often when a consumer is up to their ears in debt and toying with the idea of filing for bankruptcy, but either can’t file or doesn’t want to, there are other options. Were you aware that the consumer can negotiate with their creditors and end up paying a significantly smaller amount than what is owed? Understanding The Creditors Point Of ...
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Below is a step-by-step guide to writing a letter of dispute to get rid of those black marks off your credit report for good.
Read More »If you’re presently having problems with your credit card debt, perhaps you’re thinking about applying for a debt consolidation loan or debt settlement option. Both a loan and a settlement are valid methods of debt reduction. What is a debt consolidation loan? Simply put, a debt consolidation loan is a loan that you take out to pay of all of ...
Read More »The nightmare of identity theft begins! Have you been pursued by your lenders to pay for past-due bills that you never made? Or even worse, recieved a letter in the mail from a finance company threatening legal action if you don’t pay a debt? Odds are, you have become a victim of identity theft. By 2006, there were over 8.8 ...
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Why Do We Have Credit Scores? Before moving onto understanding a credit score or a credit report, it is important to understand why we have these in the first place. Credit, or loans in general, are approved based on an individual / entity’s ability to repay that loan along with interest, if we’re talking about traditional banking / lending. So ...
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Summer is a Prime Season for ID Theft Did you know that identity theft peaks at certain times of year and there are predictable, cyclical patterns to when ID theft will most likely occur? One of the times of year when you should be extra vigilant about protecting your personal and financial information is summertime. When people go on ...
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