September 2010

Debit Cards vs. Credit Cards

September 30, 2010

In 2009, the use of debit cards exceeded the use of credit cards for the first time in history. More and more people are realizing that spending money that you already have is often a better option than spending money that you haven’t earned yet and paying it later as you go. However, it is [...]

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Improve Your Job Search By Repairing Your Credit

September 29, 2010

Few people realize that having a high credit score can be beneficial when searching for a job. While it is obvious that a high credit score will affect getting a loan, the fact is that by law an employer can refuse to hire an applicant based solely on their credit report. Employers may feel that [...]

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Real Estate Recovery Being Held Hostage By Credit Scores

September 28, 2010

Nearly a third of all Americans are unable to secure a mortgage in these challenging times. According to the real estate website, Zillow, people with credit scores below 620 were unable to secure mortgage financing even when they had a solid source of income and offered a down payment of 15-25%. According to myFICO.com as [...]

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Does Race Impact Credit Scores?

September 27, 2010

Does race impact credit scores? Well, it is not supposed to. Credit scores are supposed to be entirely based upon your history without any reference to your race, where you live, where you work, or any other essentially irrelevant data, such as your shoe size and the name of your cats. But recently, credit reports [...]

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Simple Credit- A Worthy Goal

September 24, 2010

Last week, President Obama tapped Elizabeth Warren to set up the Federal Government’ new Consumer Financial Protection Agency. And she has a big job ahead of her. But she has expressed that a high priority on her list is to make credit simple. Understandable. Reasonable. Like, for example, a credit card agreement that is only [...]

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Achieving Excellent Results With Credit Repair

September 23, 2010

You have the right to dispute and challenge inaccurate, erroneous or misleading information on your credit report. In 1970, the Fair Credit Reporting Act or the FCRA was enacted on your behalf for that reason. However, many people still feel intimidated by the process of credit repair. Credit repair can mean a huge difference on [...]

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Credit Repair And Questionable Accounts On Your Credit

September 22, 2010

If you have issues showing on your credit report you can often get them removed by employing credit repair. Credit repair is useful to eliminate many problems from inaccurate or erroneous listings to information that is fraudulent from identity theft. Any information that is questionable can be disputed to see if it can be removed. [...]

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Deceptive Credit Card Offers

September 21, 2010

Credit card companies are sending out some pretty deceptive solicitations despite the increased regulations with the CARD act. For example “0% APR”, read the fine print and you will see how easily that 0% can turn into 29.99%….. Or “Low APR”, apparently the word “low” lies in the eye of the beholder, is 18% still [...]

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Student Loan Debts Overtake Credit Cards

September 20, 2010

For years the credit card debt in the United States trumped all. All other types of debts, that is. Meaning that credit card debt was higher than any other types of debt for the majority of Americans. But recently another type of debt has become the largest debt. Student loan debt has now exceeded the [...]

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Getting Started With Credit Repair With Some Initial Steps

September 17, 2010

It is becoming increasingly more difficult to live with bad credit. Nowadays, credit reports are being used for many more things than just getting loans and bad credit can make your life downright difficult. However, just because you have bad credit it does not mean that you must live with it forever. There are some [...]

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