Credit Education Archive for January, 2010

• Major Rights in Availing Credit Repair Services

  by Janet Lacey

  Given that there are many scam credit repairing companies that offer instant repair services there are still those that are legally assisting credit account holders with the procedures needed to be done in doing credit repair. After the passing of the Fair Credit Reporting Act or FCRA that entitled every … (more) January 28, 2010

• The Advantages of getting Free Credit Reports

  by Janet Lacey

  The law does not allow any entity both individuals and companies to remove accurate and timely negative information that appeared in an individual s credit report. Those who claim that they can do so are simply profiteering from those who lack knowledge that the Federal government has already standardized the processes … (more) January 25, 2010

• Instant Credit Repair is usually Illegal Credit Repair

  by Janet Lacey

  The need for credit repair has made a lot of companies to claim that they are legitimate entities that can fix credit reports and FICO scores in an instant. More particularly after the biggest credit crunch ever recorded in the financial history, these companies sprout out to operation as if … (more) January 21, 2010

• The Harsh effects of making Gullible Decisions in your Finances

  by Janet Lacey

  Being gullible in simple jokes and humors can be really funny at times, but gullibility in serious bound life businesses like finance can lead to a total financial disaster. Every day and everywhere indebted individuals make decisions that they do not know are causing more negative effects than help them … (more) January 18, 2010

• General Attributes in Managing Debts

  by Janet Lacey

  Managing debt is a skill that does not always come around that often. It is a personal disposition that can only be mastered and will only work for specific individuals. Indeed it can be assumed that it is possible that a debt management scheme used by a certain individual will … (more) January 14, 2010

• Saving up to avoid Debt Servicing

  by Janet Lacey

  Emergency petty funds for a long time was out fashioned by credit card account and even by bank savings accounts. When many banks temporarily or permanently closed during the recent recession, many account holders blame themselves for not having a petty emergency fund. Using this technique many people are now … (more) January 11, 2010

• Managing Debt by avoiding too much Debt Responsibility

  by Janet Lacey

  Some people can be too na ve to admit that there will come a time that they will need to get a loan or an installment agreement. Living a debt free life if the individual is working with a stiff budget can prove to be more laborious and difficult as it … (more) January 7, 2010

• The Bad Side of Credit Card Companies

  by Janet Lacey

  Getting and owning a credit card used to be cheap and easy. But after the biggest credit crunch that the global economy has felt since the Great Depression of the 1930s, credit card companies become paranoid and credit card holders become more conscious of debts. Credit card companies become paranoid … (more) January 4, 2010