The Good, The Bad and The Ugly

Debt collection is difficult. Apparently on both sides. Read about the black hearts, threats, regrets and triumphs of former debt collectors at ?Confessions of Former Debt Collectors?.

Credit Score Facts

Some surprising and important facts about credit scores? ? Your income level does not affect your score. Never. Income level is completely irrelevant when it comes to your credit score. But?.on most purchases your income level will affect whether you can...

No More 90 Days Same As Cash

And forget the ?no interest? ?no payments? also. Or at least beware. It isn?t really no interest and no payments because the interest is just deferred, yep, put off until later but still accruing. So if you just happen to have a small balance...

Credit Card Cutbacks

But is it the consumers or the banks? Credit card debt, which has had a continuous rise since the Federal Reserve started tracking it in 1968 until September of 2008, is continuing now in a steady decline. At this time the average amount of revolving credit...

Delinquencies and New Debt Both Down

Delinquency rates on consumer debt is falling as fewer Americans are falling behind on their debt compared to prior to and earlier on in the current recession. But in good news for consumers and bad news for lenders and credit card companies, they are also...

Financial Reform Will Provide Credit Scores

The current financial-reform bill that is being debated in Congress right now will allow consumers to actually get their credit scores along with the free credit reports that they can now get. Previously, a consumer could pick up a free copy of their credit...

What Looks Like Junk…..

With the banking crisis and the recession looming large, the past year has brought a halt to many of the banks most egregious practices. Excessive fees for overdraft protection (paying $35.00 more for a $5.00 mistake) and the way that lenders could raise...

Read Every Notice

(And....Climb every mountain, ford every stream?.oops, sorry, I digress) With the CARD act securely in place you may believe that you are immune to rate increases on your credit cards. Nope. Not the case. The CARD act only states that you will be given ?notice? of at...