Consumer Credit Counseling

Consumer Credit Counseling January 17, 2009 at 5:00 pm · Filed under Credit Counseling Services div style=’float: right; width: 100px; padding: ... on financed loans and credit card debt can become onerous and when you add in penalties and late fees ... impossible for anyone to compete in today’s arena without the aid of a credit card. And that’ [more...]

Date: 2009-01-17 22:00:36

Blog posts (358) | Videos (60)
 

Lend More, Spend More: GOP’s Insane Plan For Consumers

Having not monitored the news sites recently, I had to hear it on the TV morning news: ... get it yet? But Paulson whines that "this lack of affordable consumer credit undermines consumer spending ... billion available for a range of consumer loans - including credit cards and car loans”? With cash [more...]

Date: 2008-11-25 20:53:09

Carnival of Consumer Credit #4

As we dive headfirst into the holiday season, what comes with milk and cookies, twinkle lights and goodwill toward men?  How about credit cards and more bills than you can pay?! The Carnival of Consumer Credit ... Credit Limits? Share Your Experience posted at fivecentnickel.com. CreditAddict presents Surviving [more...]

Date: 2008-12-16 16:00:15

Collection Agency calling from 571-431-1958 (Washington, VA)

Steve reported a Collection Agency (5714311958 from Washington area, VA) . The following comments were posted: AACC AACC AACC 5127689800 AACC 804-234-9056 assetacceptance.com Asset Acceptance is a leading purchaser and collector of charged-off consumer debt. Since 1962, we have provided credit originators such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt. [more...]

Date: 2009-09-25 19:53:49

Credit repair DIY: fix errors on your credit reports

Under federal law, consumers can challenge inaccurate information on credit reports and other consumer reports (such as tenant screening reports). It is free, usually quick, and relatively painless. Plus, there are a lot of great how-to guides on the web. I have mentioned the FTC guides before. The excellent Building a Better Credit Report [more...]

Date: 2008-08-11 20:29:06

Citibank Will Split Into Two Companies, Promises To Lend To Consumers [Citibank]

Vikram Pandit, CEO of Citigroup, announced today that the company would be split after reporting a net loss for 2008 of $18.72 billion. He also promised to put the money from the $700 bailout to work by extending credit to consumers ... the U.S. economy and consumers - expanding the flow of credit to U.S. households and businesses responsibly [more...]

Date: 2009-01-16 13:30:55

Credit Repair

Credit Repair The effects from damaged credit can be far reaching. When it comes to credit repair it’s hard to know where to go or how to start. Credit repair services for those who feel their credit scores do not accurately reflect their credit risk. Helping consumers take action on their credit since 1991, Lexington Law has served over 1/2 million clients. Here is the video on Youtube : [more...]

Date: 2009-08-23 06:29:09

Give Yourself Some Credit

By Alphonso Smith One of the most prominent companies that exists today in the field of consumer credit counseling is CCCS has been providing ... that should be explored is the free 7 lesson credit repair ecourse offered at the end of this article ... consumer credit counseling services to clients for years and they have a proven track record [more...]

Date: 2008-11-30 11:02:04

Credit Repair

www.lexcredit.com Credit repair services for those who feel their credit scores do not accurately reflect their credit risk. Helping consumers take action on their credit since 1991, Lexington Law has served over 1 million clients. This entry was posted is filed under Finance Videos. You can follow any responses to this entry through the RSS 2.0 feed. You can post your comments below. [more...]

Date: 2009-06-14 11:34:12

Rx for Arizona Consumers’ [HomeBuyers} Credit

Find out what’s in their file. Every U.S. consumer is now entitled to one free credit report annually from each of the three credit bureaus: Experian, ... a collection agency. Excise outdated information. By law, credit bureaus are supposed to remove information ... is to write a letter to all three credit bureaus detailing the dispute. (Some states [more...]

Date: 2008-12-23 19:30:07

Credit clean-up

"I really enjoyed reading your article about credit repair companies offering false hopes and essentially scams to consumers," ... on your credit report. Credit repair companies can negoitate a repayment plan and might even get fees removed ... of the FTC's Bureau of Consumer Protection said, "Companies that promise they are able to scrub your credit [more...]

Date: 2008-10-27 19:40:13

One Way to Protect Against Identity Theft

When information gets stolen, it is used in various ways. Sometimes the thief may use it to drain your bank account, for example ... will not extend credit without first pulling a consumer’s credit profile. If you place a “security freeze” on your credit profile, the reporting agencies are prohibited from releasing your credit [more...]

Date: 2008-09-22 21:10:55

A Personal Bail Out Program for Consumers Stuck in the Credit Crunch

PASADENA, Calif., Sept. 24 (SEND2PRESS NEWSWIRE) -- Credit Crunch Fix (CreditCrunchFix.com) ... is not debt settlement or credit repair, nor legal counsel. Credit Crunch Fix allows consumers ... has launched a legal document preparation service, to let consumers request relief from past due [more...]

Date: 2008-09-24 16:49:15

Investors May Be Too Optimistic About Consumer Recovery

The most accurate banking analyst, Meredith Whitney, has warned that banks are likely to continue to restrict consumer credit, ... , are implemented. Credit card issuers shifted their model away from one where they earned ... are likely to cut credit to risky borrowers even beyond what they would have done in a risk-averse [more...]

Date: 2008-12-14 06:10:36

Debt Is Up! Debt Is Down! Which Is It?

Two recent stories regarding consumer debt caught my eye because I read them practically right after each other … From the Associated Press on ... to end this cycle, I wonder - and how bad is it, really? Although the delinquency rate on credit ... trillion, the Federal Reserve reported Friday. Consumer credit rose at a 3.1 % pace in September [more...]

Date: 2008-12-16 01:28:57

Banks, Mortgages Show Impact Of Job Losses

DELINQUENCIES HIT RECORDS AMID DISMAL LABOR STRAITS Banks, consumer credit providers, ... at at trying to repair the beaten home business. As payroll losses accelerated - a total of 1.2 ... ), one of the biggest issuers of consumer credit cards, has fallen 4%. Visa (V), with its own exposure to credit [more...]

Date: 2008-12-05 18:31:54

Double Barrels Hit Financials

95129c Most industries get to spread out their bad news. The current exceptions appear to be the automotive and banking sectors ... that large financial firms will have to cut the amount of credit that they offer consumers. She expects ... to credit card customers. While the move will save the banks a lot of money on defaults, it will loss [more...]

Date: 2008-12-01 16:20:57

Paulson Has a Christmas Gift for Credit Addicts

Please Mr. Paulson - wake me out of this Bad Consumer Credit dream ... that our government cannot seem to tolerate. Gosh - I hope the payday loan companies get a piece ... clinic for consumer credit addicts.  But instead of handing out Dave Ramsey books or some kind of credit [more...]

Date: 2008-11-25 15:50:49

“We can put light where there’s darkness, and hope where there’s despondency in this country ... S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets ... easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains [more...]

Date: 2008-12-21 16:01:46

Chrysler, Ford idle factories, GM delays new plant

DETROIT (AP) — Chrysler announced Wednesday it is closing all its North American manufacturing plants for at least a month, ... to work. That’s all we want to do. It’s scary, man. It’s really scary.” The lack of consumer credit ... because of this credit situation,” the statement said. The Bush administration is mulling ways [more...]

Date: 2008-12-18 04:00:06

FTC Approves Federal Register Notice Announcing Increase in the Ceiling on Allowable Charges Required By Section 612(f) of the Fair Credit Reporting Act

My comment: As we all know it's important to give near bankrupt companies who completely screwed up their business billions of dollars and find ways ... for an additional free disclosure. Under federal law, consumers are entitled to a free copy of their credit report ... an application for credit, insurance, or employment) and consumers request their rep [more...]

Date: 2008-12-15 20:41:14

Credit Repair is Easier - And Quicker - Than You Think!

by Mark Alison Regardless of your record or history, there are a number of quick & easy steps you can take towards credit repair ... consumers to a free copy of the credit report, one from each of the three agencies: TransUnion ... your credit. For every entry that is incorrect, inaccurate, or outdated, you will be filing a dispute [more...]

Date: 2008-11-26 15:45:27

A Bright Light From Home Depot (HD)

95129c The first reaction a lot of investors would have to Home Depot's (HD) is that they are bad. Very bad. Earnings bet Wall St ... lines and credit card capital, the consumer should be doing almost no home improvement work ... economy. Stopping to reflect on the housing market and lack of available consumer credit, the figures [more...]

Date: 2008-11-18 11:33:04

Effortlessly and Easily Boost Your Credit Score

Many consumers have no clue what a credit score is comprised of. What are they measuring and how does this number correlate to my creditworthiness? While common sense tells us that paying our bills with time to spare is an imperative factor what else is key when it comes to credit scores? [more...]

Date: 2009-09-26 19:22:16

Credit Card Lenders Clamp Down Hard

Consumers are in a newly austere mood, and those who have lived beyond or at the edge of their means may be forced to retrench whether they want to ... wrote off an estimated $21 billion in bad credit card loans in the first half of 2008 ... , some can come back to haunt consumers. The result can be a lower credit score, which forces a borrower [more...]

Date: 2008-10-29 03:50:36

Time to reform the Consumer Credit Act?

Iain Dale has posted about a report that has been released by Grant Shapps called "Payday for Loan Sharks" ... the Consumer Credit Act laws has grown at a massive pace. The only way to resolve these sort of issues ... which details home credit company charging interest rates from 100% APR to 10,000% APR. I think [more...]

Date: 2009-01-09 09:48:38

Big eBay news this am - layoffs, acquires BillMeLater (gulp)

This morning, eBay made a major multi-faceted announcement and held a conference call with analysts ... and in holiday season 2007 hit its stride by offering consumers off-credit-card credit on the fly.  The way ... my credit card) It's 'free credit' - it isn't on your credit cards so you either Keep room [more...]

Date: 2008-10-06 13:51:50

What GMAC’s financing means to you

The auto industry got another boost from the federal government this week, in the form of $5 billion in aid to GMAC, ... , but you can have a bad 621 and a good 621,” Griffin said about credit scores. “It doesn’t mean ... for consumers with less-than-pristine credit or those seeking a low financing rate on a new vehicle. Here’ [more...]

Date: 2009-01-02 14:00:09

Recognizing a Credit Repair Scam

by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... and someone else has your money. If you see a credit repair offer, heres how to tell if the company behind it is up to no good: * Before they provide any credit repair services, the company wants [more...]

Date: 2009-01-16 06:24:58

Only the Uninformed Blame Blacks for Wall Street's Financial Crisis

It’s getting increasingly more difficult for me to sit and listen to supposedly knowledgeable people as they try to blame the entire Wall Street ... have much to say about mortgage foreclosures, the decline of the U.S. auto industry, the failure ... , and consumer finance companies to create residential and consumer credit agreements that were [more...]

Date: 2008-10-20 15:43:16

Three Legislative Proposals That Could Have Major Consequences for Your Finances

J.D. is on vacation. This guest post comes from DR of The Dough Roller, a money management blog ... in a consumer report or any change in a consumer’s credit score, as the basis for increasing any annual ... on Wall Street and in the credit markets lately, one could easily forget about money-related legislation [more...]

Date: 2008-12-18 13:00:42

You Can Legally Erase Your Credit Card Bill From Your Credit Card Company

American consumers can now legally and ethically discharge 50% of their debts that they owe to their financial institution. Not many Americans have been made aware of this fact because their CC company only wants them to pay the minimum payment each and every month and thus steal away their wealth from them pennies at a time so they go unnoticed.Last 5 posts by When Do You Apply For a Law Suit Loan? [more...]

Date: 2009-08-11 06:00:53

A Glimpse at Future Credit Card Statements

Every Tuesday, Smithee presents an article about his own experiences with credit cards and observations about the credit card industry ... Suspended for Merchant Database Breach: ...Consumer Reports: Best and Worst Credit Card Issuers ... . Back in mid-December we told you about some of the changes that would soon be enforced on credit [more...]

Date: 2009-01-13 13:02:01

Don’t lose your idenity on Black Friday

With Black Friday and Cyber Monday fast approaching, consumers are entering into the most active spending period of the year ... thieves assume that consumers aren’t paying attention to their credit card purchases, debit card ... this season, consumers also need to be vigilant in the face of possible identity theft. Use credit cards [more...]

Date: 2008-11-26 15:43:31

Why Consumer Debt Is Hazardous to Your Financial Health

You don’t have to look far to find a financial expert who will tell you that consumer debt is bad ... . But has anyone ever really explained what the problem with consumer debt like credit cards and car loans is? On the surface, consumer debt doesn’t seem so awful. After all, using these types of credit lines [more...]

Date: 2009-01-04 13:49:19

5 Ways Poor Credit Scores Costs You Extra Money

Most of us wish a great credit inform to acquire vehicle financing, credit cards, and to squeeze a home. But, over these consumer loans, your credit inform can price we in bland vital expenses. What we do not know about your credit could be costing we money.Having a credit label equates to which we can sequence tickets, lease a car, and haven road residence rooms. [more...]

Date: 2009-08-13 23:35:42

Det Rattle, June 10 2008: Credit tightening across the board

Stoneleigh: Sorry the Debt Rattle is very late today. I have had very limited internet access this morning due to technical problems. I will be adding material through the day. Credit crisis expands, hitting all kinds of consumer loans The credit crisis triggered by bad home loans is spreading to other areas, forcing banks [more...]

Date: 2008-06-10 18:20:24

Floorplan Freeze

From Bloomberg: Without access to floorplan financing, most dealerships would be forced out of business, said John Casesa, ... to a nearly 60-year low amid the decline in U.S. auto sales and the credit crisis. Meanwhile, Chrysler’ ... of different brands. Credit availability for consumers wishing to buy cars already has been cut. Many lending [more...]

Date: 2008-10-10 22:08:44

Manage Your Debt With CareOne Credit Counseling

We all strive for financial freedom.. a debt-free life.. a secure financial future ... : "The most common form of consumer debt is credit card debt, payday loans, and other consumer finance ... endless notices from creditors, accounts being turned over to debt collectors? Indeed, you're [more...]

Date: 2008-10-03 06:45:00

MyECheck, Inc. (MYEC.OB) Reports Astronomical Growth for 2008; Revenue Increases 1,096%

Yesterday after the closing bell, MyECheck announced that it has processed about 2 ... system. Unaudited 2008 financial results report that the company’s fourth quarter revenue ... future, particularly in this credit crisis. As credit is reduced, consumers need a fast and safe [more...]

Date: 2009-01-14 13:36:14

5 Credit Repair misunderstandings

Amazingly, consumers find more than 13 million inaccuracies on their credit reports each year ... , there is a better way. Mortgage lenders and car dealerships have direct admittance to the credit ... . These inaccuracies can cost you the purchase of a home, a car, interest rate increases [more...]

Date: 2008-12-12 19:25:14

Saving your credit and credit scores

I have blogged about my experiences with American Express and their systematic reductions in my credit lines ... as “closed as consumer’s request”)  which would have locked in the higher credit limit on the credit report. Canceling a card with a good history will impact your credit, but being at 99-100 [more...]

Date: 2009-01-14 23:51:28

How to Hedge Against Inflation With a Home Equity Loan

Home equity loans were a large part of the consumer credit expansion that fueled the economy for more than a decade. The housing market bubble drove up housing asset prices, but without refinancing a homeowner couldn’t spend their new found fortune unless they got a home equity line of credit. If you are unaware of the coming wave of inflation that will threaten to unravel the global financial systems, all I can say is wise up or read some of my previous articles .  If you are aware of [more...]

Date: 2009-09-29 14:00:00

Debt Negotiation Programs

Get Yourself Out of Debt You should be cautious of claims from so-called credit repair clinics ... , your ability to get credit. That’s why many states have laws regulating debt negotiation companies ... . Many companies appeal to consumers with poor credit histories, promising to clean up credit [more...]

Date: 2009-01-11 12:34:30

The road ahead for the U.S. economy

This was just put out by the Treasury department and is definitely worth a read as it gives an excellent overview of how the economy got into crisis ... system. Before we acted, we were at a tipping point. Credit markets were largely frozen, denying financial institutions, businesses and consumers access to vital funding and credit. U.S. and European [more...]

Date: 2008-11-12 19:11:02

Identify Credit Repair Scam in 6 Ways!!

by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... and someone else has your money. If you see a credit repair offer, heres how to tell if the company behind it is up to no good: * The company wants you to pay for credit repair services before [more...]

Date: 2009-01-16 06:23:45

Outstanding Outcomes With Credit Repair

Very few people elude fiscal difficulties completely and most people are subjected to bad credit at some time or another. These tribulations are becoming even more widespread in the recent fiscal disaster. But you can take steps to repair your credit. You have a right to repair your derogatory credit. The Fair Credit Reporting Act is a Federal law that was enacted back in the 1970’s to guard consumers. Up to 79% of all credit reports contain wrong, false or erroneous credit. [more...]

Date: 2009-08-31 09:47:21

Credit Card Issuers See the Writing on the Wall: Forgiveness of Debt — they also got paid in full through securitization, so there is no obligation owed to them

Credit Card Companies Willing to Deal Over DebtBank of America says it eased off on more than 700,000 credit card holders in 2008, ... ring of a phone.Graphic Behind Changing Tactics, Mounting Losses Related Times Topics: Credit Crisis — ... to foster the explosive growth of consumer debt in recent years, credit card companies are realizing [more...]

Date: 2009-01-05 00:34:25

Wall Street Breakfast: Must-Know News

GM shifts into high gear after GMAC bailout. General Motors (GM) ... on hold when GMAC was forced to tighten its credit standards in October. GM will also offer low ... to consumers with lower credit ratings and has begun reaching out to customers worried about credit [more...]

Date: 2008-12-31 12:12:10

BBB Consumer Alert About Credit Service

Hawaii's Better Business Bureau® issued an alert today warning consumers to be aware of companies taking advantage of the credit crunch by promising bogus credit repair services that can be costly and in some cases illegal. With lenders becoming increasingly... [more...]

Date: 2008-10-31 09:59:09

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