Credit Education Archive for December, 2009

• Actions for Identity theft Protection

  by Janet Lacey

  The wake up call to make identity theft as a federal crime in the United States was heard after an ordinary identity thief got a way with more than $100,000 of procured goods and unaccounted loans on house and cars. The thief was smart enough to know the law and … (more) December 21, 2009

• The Possible Crimes of Credit Repair Companies

  by Janet Lacey

  Everyday many individuals are made to believe that credit repairing would require professional help from credit repair companies. Credit account holders are continually bombarded with advertisements that make everything appear helpless and irreparable unless a corporate and professional help will come. This is the advertisement plan of most credit repairing … (more) December 20, 2009

• Common Mistakes in Credit Repair

  by Janet Lacey

  Borrowers can end up in many ways in terms of their financial stability, some become relatively better other become worse. Nonetheless, all borrowers are always burdened with the task of appearing credit worthy in the eyes of their prospected creditors and even investors. The volatility of the whole financial market … (more) December 19, 2009

• Effects of Statute of Limitations to Credit Worthiness

  by Janet Lacey

  There are many ways on how to get financing agreements from different companies and even individual lenders. Getting debts would mean two things for a borrower. First, it will hold the borrower accountable for his or her end of the deal. Second, the failure of the borrower to pay his … (more) December 18, 2009

• The Advantages and Disadvantages of Credit Counseling

  by Janet Lacey

  For a lot of indebted individuals accepting their current situation is the hardest part. There are even those that point a blaming finger on interest rates and credit companies. The rationale is simple; debts are incurred by many individuals not because credit companies forced them to avail loans and credit … (more) December 17, 2009

• Simple Reminders on how to attack Debts

  by Janet Lacey

  Managing debt can be interpreted in a much exaggerated way like closing down accounts to avoid future debts. Debt management may sound as if it can be based on common sense alone, but this financial technique will require experience and deep understanding of the financial world. Immediately attacking debts is … (more) December 16, 2009

• How Junk Debts affect Credit Reports and Scores

  by Janet Lacey

  Credit account holders have to wait for at least seven years before their bad debts will fall off from their credit reports. A credit account holder has to be patient enough to wait for their bad debts to fall off before they can take steps in increasing their FICO score … (more) December 15, 2009

• The Volatility of Thievery

  by Janet Lacey

  The finance business holds many wonders waiting to be unraveled for those who can risk enough to get what they want and know how they will get it. The returns of investing in a small upstart business can return as millions of dollars. All that it takes is doing things … (more) December 14, 2009

• Keeping Debts at Bay

  by Janet Lacey

  The skills and techniques of managing debt if learned can make any individual capable of changing his or her credit worthiness rating. Bad debt is the most common reason for lowered FICO score and a bad report from the credit bureaus. An unpaid debt will appear at the shortest time … (more) December 13, 2009

• Blacklisting? The issue of blacklisting in credit bureaus does not exist

  by Janet Lacey

  The three towers of the financial business are TransUnion, Equifax and Experian. They are said to be towers not because they are major players in investing and financing but they are powerful enough to change the course of someone s life, more particularly those who would want to get credit accounts. … (more) December 12, 2009