October 12th, 2008

Credit Repair Truth Or Dare

The credit reporting system is inherently unsound. It’s up to you to uncover the truth. A nationally recognized credit repair expert offers some astonishing information about the hidden world of the credit bureaus.

Credit Repair and the Great Illusion

Credit repair is a discovery process. The vast majority of consumers in the United States are intimidated by the thought of credit repair. The credit bureaus are viewed in the same light as the Internal Revenue Service; a temperamental and potentially ruthless big brother. Oddly enough, this perception could not be farther from the truth. It turns out that the credit bureaus are quite tame and even reasonable, if you know how to manage them.

This is a preview of Credit Repair Truth Or Dare. Read the full post (900 words, estimated 3:36 mins reading time)

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February 29th, 2008

Three Small Credit Score Factors To Guide You To Financial Safety

In previous articles, I have talked about the two main components that affect your credit score, Past Delinquencies (35%) and Revolving Debt Ratio (30%), but know that these are not the only ones. The lesser-known factors that make up your credit score include the Average Age of Credit File, Mix of Credit and Inquiries. These three should not be ignored, especially if you are trying to build your credit. I will explain how each one works and how to use them to your advantage.

Average Age of Credit File (15%)

This is a preview of Three Small Credit Score Factors To Guide You To Financial Safety. Read the full post (881 words, estimated 3:31 mins reading time)

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February 14th, 2008

Credit Repair - Collection Solutions

Fair 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:

This is a preview of Credit Repair - Collection Solutions. Read the full post (921 words, estimated 3:41 mins reading time)

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