January 2010

Beginning Steps To Better Credit Today

January 29, 2010

All too often having good credit is a necessary part of life. We all need to have good credit in order to qualify for mortgages, car loans and credit cards. However, for many of us past financial problems and times of financial difficulties have destroyed our good credit. There are some steps we can take [...]

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Should You Pay Off A Charge-Off To Remove It From Your Credit Report?

January 28, 2010

Most people do not have any idea what to do about charge-offs when they show up on their credit report. A charge-off is an indication that the original creditor has written the loan off as a loss, therefore they are no longer actively trying to collect on the loan. However, it still shows on your [...]

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What To Do About Repossessions On Your Credit Report

January 27, 2010

The current economic climate has made credit problems such as repossessions much more common. Many people have experienced credit misfortunes such as getting a car repossessed. What can you do after a repossession shows on your credit report. The fact of the matter is that if the repossession or other bad credit is truthful and [...]

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The Difficulties Of Having A Tax Lien On Your Credit

January 26, 2010

A tax lien can be the most difficult credit issues that can happen to you. The IRS will put a tax lien against you on your credit report and if you own property they will put it against that also. You probably don’t have a chance to get out of it because the IRS is [...]

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Credit Repair After Delinquent Payments Or A Bankruptcy

January 26, 2010

Someone who is struggling with delinquent payments may not want to consider bankruptcy because it carries such a negative stigma. However, if you are in a downward spiral financially and you can no longer make your regular payments, bankruptcy may well be the very best option because it will allow you to start again. Being [...]

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Credit Cards To Reestablish Good Credit

January 22, 2010

In the current economic conditions, many people have encountered financial situations that have affected their credit negatively. Credit repair and credit improvements are possible for most people and it is also important to try to reestablish good credit with new lines of credit, either a credit card or personal loan of some sort. Right now [...]

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Improving Your Financial Life With Credit Repair

January 22, 2010

In the current economy there are many people who have suffered credit problems. Everybody wants to have perfect credit but sometimes we all have unforeseen circumstances. Credit problems are troublesome for individuals because it can be difficult if not impossible to get credit, if you do manage to get credit you can be charged a [...]

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FHA Issues New Home Ownership Guidelines

January 21, 2010

The Federal Housing Administration has long had the mission to help first time homebuyers and others who may not be able to qualify for a conventional mortgage. Right now you would likely need to have a down payment of 10 to 20% in order to qualify for a typical conventional mortgage. Before the mortgage crisis, [...]

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Why You Should Dispute Bad Credit

January 21, 2010

As young adults, we are taught many things. But one lesson most of us are not taught is something that will ultimately affect our entire lives. Unless we learn the importance of earning and maintaining a good credit score, life can end up really hard. Not all bad credit marks are necessarily your fault though. [...]

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Credit Cards No Longer A “Rainy Day” Option

January 20, 2010

In between now and February 20, 2010 when the new credit card regulations take effect, the credit card companies are making changes that could end up costing you much more on the balances and credit terms that you now have. Some credit card companies are arbitrarily changing the minimum payment from 2% to 5%. This [...]

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