April 2010

Credit Repair Swindle??

April 30, 2010

The fine people of Tulsa are getting some biased information. In a recent article in the Tulsa World one of their columnists claimed that “credit repair is a swindle”. Unfortunately, he apparently did not do all of his homework and due diligence because he didn’t take into consideration the various potential situations. He also failed [...]

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The Case For A Financial Products Safety Commission

April 29, 2010

Right now Congress is avidly arguing the pros and cons of financial reform. While there are some political persuasions that decry regulations, in the wake of the current financial crisis ranging from the housing bubble to the current fiasco with Goldman Sachs, it is interesting to note that right now in the United States a [...]

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Fighting The Debt Collectors

April 28, 2010

If debt collectors are harassing you, you need to realize that there are laws to protect you from unscrupulous practices. The Fair Debt Collection Practices Act prohibits many of the most egregious infractions. Right now there are more and more people taking advantage of this law and actually suing and winning over debt collectors, especially [...]

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1st Time Home Buyer Tips

April 27, 2010

The $8000.00 tax credit for first-time buyers ends on Friday. In order to take advantage of it you will need to have your purchase contract signed by Friday and you must close on the loan for your property by June 30. If you haven’t already started the process you may be too late. However, the [...]

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Rent Ratios And Buying vs. Renting

April 26, 2010

The real estate market has crashed in much of the country. The $8000.00 tax credit ends in just a few days on April 30, 2010. Of course, there may be advantages to buying a home now or there may be advantages to holding out and just renting for the time being. A recent New York [...]

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Secured Credit Cards For Rebuilding Credit

April 23, 2010

If you have struggled through this current recession, because of job loss, business failure, medical problems or whatever and it has caused you credit problems, like bankruptcies or foreclosures, know that you are not alone. Millions of American’s are in the same predicament that you are right now. And you may now have bad credit. [...]

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Flaws In The CARD Act

April 22, 2010

One of the lesser-known or talked about changes of the CARD act of 2009 is that credit card applicants under age 21 are now required to have enough income to support the credit card or have an adult act as a co-signer on the account. However, a problem arises because there is no standard income [...]

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Avoid Department Store Credit

April 21, 2010

Not all credit is reported equally. Regular credit cards, mortgages and auto loans just score higher than department store cards. In fact, department store cards can actually be a detriment to your credit. The thinking is that the things you buy at a department store are probably the things you should pay cash for. Yes, [...]

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Mortgage Modifications And Credit Scores

April 20, 2010

The general consensus is that a mortgage modification, while it may help you to get your finances back in order and it may help you to save your house, it may also make your credit score crash. However, apparently that depends upon how your lender chooses to report the modification. (Would that just be the [...]

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Foreclosure-Now An Equal Opportunity Problem

April 19, 2010

The richest of the rich with the highest mortgages are expected to see a sharp rise in foreclosures during 2010, thereby joining the middle class and even the poor in a situation that nobody wants to be in. In the year 2009, there were 1312 houses with a mortgage of over $5 million that went [...]

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