November 2009

Questionable Debts And Debt Validation Letters

November 30, 2009

If a debt collector is hounding you about a questionable debt, under the Fair Debt Collection Practices Act, you can request the debt collector to send proof of the debt. This process is referred to as debt validation. See the sample debt validation letter at 724credit. Tweet

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It May Become Necessary At Some Point To Repair Your Credit

November 30, 2009

This could happen to you. You are planning to buy a car and you are ready to finance it. You know that your credit is good so you give the dealer permission to run a report. He comes back with the distressing news that he cannot give you the loan because your credit report shows [...]

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California Is Bad For Your Credit

November 30, 2009

In a further interesting note about the havoc being implemented right now by the credit card companies, a man from San Diego, California recently had his credit card limit decreased substantially even though he had stellar credit and a high credit score. When he contacted the company he was told that his credit limit was [...]

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3 More Months Of Credit Card Foul Play

November 30, 2009

The House of Representatives recently passed a bill that would have moved up the implementation date for the CARD act from February 22, 2010 to December 1, 2009. However, the Senate blocked a similar bill, S. 1833. And so it goes. The implementation of the CARD act will still take place on February, 22, 2010 [...]

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The Damage Is Done…How Common Credit Mistakes Affect Your Credit Score

November 30, 2009

Most people are fully aware that a late payment or maxing out their credit cards can do some damage to their credit. However, it has long been mysterious as too how much damage, as in how many points the score will drop with each mistake. But recently, FICO has released a “damage points” data that [...]

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The Shocking Truth About Insurance Companies And Your Credit Score

November 29, 2009

What is the most mportant factor when it comes to issuing automobile insurance? Well, most people would probably say that the most important factor is your past driving record. However, that is not completely true. Insurance companies will take into consideration your past driving record but it is not one of the top three factors. [...]

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Should You Repair Your Credit Yourself?

November 27, 2009

You absolutely have the right to repair your credit yourself. You can issue disputes on any questionable items for free and the credit bureaus will even provide the forms on their website to expedite the process. You do not need the assistance of a professional credit repair service. Repairing your credit yourself may seem like [...]

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Credit Cards And Black Friday

November 27, 2009

Credit card companies look at the results from the Black Friday shopping spree as an indication of profits throughout the holiday season. But in the current economy they are also looking at Black Friday as an indication of potential defaults in the new year. What will the final results from Black Friday reveal? Tweet

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Can A Credit Card Company Change The Terms On A Closed Account?

November 27, 2009

It’s been happening a lot lately. Credit Card companies are not making the same profits as they were used to and so they are now unexpectedly raising rates, changing terms, reducing credit lines and more. So if you get an unexpected surprise from your credit card holder and you decide to cancel the card, yet [...]

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Blundering On Black Friday

November 27, 2009

As the dawn arose on this Blackest of Black Friday’s, many a brave soul was camped out in front of their favorite shopping destination waiting for 4:00 am, 5:00 am or 6:00 am depending on the store. They brought down-filled sleeping bags and thermoses filled with hot chocolate to tide them over until the doors [...]

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