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

Blog posts (135) | Videos (86)
 

Read Professional Tips - Car Finance Loan

There are varieties of auto finance. Anyway in most of them it is a common thing that if a person has some money for the down payment ... out his credit report first of all. Actually the credit report plays a big role in getting a better deal, which means the loan on a reasonable rate of interest. A bad credit score puts the borrower [more...]

Date: 2008-12-23 22:26:48

Throwing Pennies Down A Drain

Some housing bubble news from Wall Street and Washington ... . Today, the SEC released its report on credit rating agencies and their role in the subprime mess. Moody ... s first annual report on the credit rating agencies since Congress gave it express oversight in 2006 [more...]

Date: 2008-07-09 18:36:25

How to Safely Restore Your Credit Rating

If you have been trying to repair your credit and have had problem credit in the past such as late credit card payments, ... credit cards that were turned over to a collection agency or even a home foreclosure, these effects may have lead to a derogatory rating on your credit report. Keeping multiple high balances ... [more...]

Date: 2009-01-03 03:30:08

Home Buying 101 - Step Two: Know Thy Credit

This is the second in my Home Buying 101 Series, now updated for 2009 ... rates. Your credit report will also affect the rates you pay for auto and home insurance ... for credit cards, loans, medical bills, leases, anything reported to a collection agency, liens [more...]

Date: 2008-12-30 21:06:36

FICO Toolkit for 50% Off

We wanted to share with our readers a great deal on learning about your FICO score and helping to get out of debt. Not sure what your FICO score is? ... is some of what it offers: Action Plan personalized to your credit report and goals 3 Credit Reports (from all three ... which cards to pay off first, etc. Fairness - It checks the fairness of rates to [more...]

Date: 2009-01-16 19:02:07

Maintaining Excellent Credit Rating

Being approved for credit is a sign that someone is willing to take a risk on you with their money ... of all, get your free annual credit report from the credit bureau. Check for mistakes or false ... bills - food, utilities, rent, or mortgage. Before you go out shopping for credit lines, make sure [more...]

Date: 2009-01-15 03:41:35

Top Ten Ways to Avoid Bad Credit

Your credit rating is one of the essential numbers in your personal financial history ... , combined with missed payments are one of the quickest roads to a bad credit rating and should ... loans. One large balance looks a lot worse on the credit report than multiple small balances. High [more...]

Date: 2008-12-24 08:00:05

Record Credit Card Defaults Signals a Weaker Recovery

According to reports from Moody’s ( MCO ) Investors Service, credit card delinquencies surged to record levels in August.  In the first increase of charge-off rates since the rally began in March, credit card issuers wrote off 11.49% of uncollectible consumer debt compared to 10.52% in July.  Also loans more than 30-days past due also rose to 5.8%.  Moody’s report also suggests that charge off rates are not likely to peak until mid-2010, as unemployment continues to strain many consumers budgets. [more...]

Date: 2009-09-24 14:40:21

Latest News in Credit Repair and Credit Score - Dec 24, 2008

Saving American economy from ‘Joe the Debtor’ - New Haven Register 24 Dec 2008 at 3: ... s overall score if a manager or employee attends a food safety course approved by the … Your credit report ... . Despite a decent job, homeownership and a good credit rating … Area restaurant ratings - Kinston Free [more...]

Date: 2008-12-24 17:14:31

Credit Score Rating Scale

by William Blake The credit score rating scale is a confusing numeric system to understand ... will look into. If you have too many credit applications made, this will look bad on your report ... . There are places that will offer free credit counseling [more...]

Date: 2009-01-15 09:14:59

2 Out of 3 Ain't Bad, 7 out of 9 Is...

NEW YORK (AP) -- Average interest rates on most types of credit cards rose slightly this week, according to a report from CreditCards.com.Annual percentage rates on seven out of nine categories of cards -- business, instant approval ... Thursday. The APR on cards for people with bad credit held steady at 10.82 percent while rates on student [more...]

Date: 2008-11-14 17:47:00

Debt Relief Companies Under Investigation by Florida Attorney General

The Tampa Bay Business Journal reports that Florida Attorney General's Economic Crimes Division has launched an investigation or filed charges against 10 companies offering Floridians credit counseling, credit repair, credit card rate ... about any company that purports to have a "secret process" to reduce debt or cut interest rates.  Credit [more...]

Date: 2008-10-18 14:48:20

Bad Credit Report Repair Done Easy

Usually it’s about the time that someone needs to buy a new car or is about to purchase their first home that they realize that they are going to need to do a little bad credit report repair. While it can be quite costly to hire a professional to help you get your credit rating back on track quickly, there is hope for people [more...]

Date: 2009-01-15 18:01:59

Let's See What's In My Junk Mail...

I think Yahoo! does a great job filtering out junk mail. Gmail gets all sorts of stuff. Let's not even talk about Hotmail. So, of the stuff that goes get through, let's take a look at what people are sending me. Credit Report USA wants me to know that my credit rating may have changed. Good thing for that alert, I'm [more...]

Date: 2009-01-08 23:26:28

How to Select the Right Company When Looking for a Credit Attorney

September 2, 2009 | By Ben and Casey In Finance | by Ben and CaseyCleaning up past mistakes on a credit report is not a pleasant experience. There are basically two ways of going about the credit repair process.Many people decide first to fix their own credit only to discover the process is much more involved than they expected. Below are several reasons why you may consider choosing a top rate credit attorney at a price almost anyone can afford. [more...]

Date: 2009-09-03 00:43:04

Mexico May Avoid Credit Rating Downgrade, JPMorgan Says

Mexico may stave off a credit- rating downgrade, JPMorgan Chase & Co. said. “From our conversations with the rating agencies, they appear to be giving Mexico the benefit of the doubt and will likely wait to see what components of the fiscal reform are approved by Congress,” JPMorgan analysts led by Joyce Chang wrote in a report to clients. [more...]

Date: 2009-09-29 16:44:07

Who’s At Fault for Economic Crisis - Everyone: Tom Friedman

I would encourage everyone to read Thomas Friedman’s column in the New York Times today.  Along those same lines check out PBS’ Now and their report on the credit rating agencies ... , with nothing down and nothing to pay for two years; people who had no business pushing such mortgages [more...]

Date: 2008-11-26 14:57:32

Easy Bad Credit Report Repair

Usually it’s about the time that someone needs to buy a new car or is about to purchase their first home that they realize that they are going to ... need to do a little bad credit report repair. While it can be quite costly to hire a professional to help you get your credit rating ... [more...]

Date: 2009-01-16 11:42:59

Happy New Year Facebook - your employees think you’re lying about advertising. And they may have a point

A gremlin inside Facebook - or more likely a disgruntled employee - briefly hacked Facebook in the last few hours ... get you a 2:1″ and Bad credit? Get a credit card with 39.9% APR!’. Classy.” The thing is, social ... and business, then why do I get shown ads for Credit Rating Reports, as I did today? On thing’ [more...]

Date: 2009-01-05 11:59:10

30-Year Mortgage Rate Falls Below 5%

Just when you thought mortgage rates couldn’t get any lower, they did ... rate and refinance can’t meet the credit requirements and will not get approved, reports today’ ... their credit might not be up to par, but they might lack sufficient home equity. The “underwater” problem [more...]

Date: 2009-01-15 09:49:00

Find debt consolidation nationwide!

How does payday loans actually work? Although having a loan is not a very welcome idea, the fact is that during emergency situations, ... the rate of interest and helps with your credit report, thus making you able to pay your loans easier ... when we urgently need to pay for our credit card bills, we did apply for a loan, lol! Good news [more...]

Date: 2009-01-13 03:16:06

Is Your Credit Score Costing You Money?

Most of us want a good credit report to obtain automobile financing, credit cards, and to purchase a home ... you know that your credit history can keep you from getting utility connections, good telephone rates, the best auto ... owners’ insurance, auto, and life insurance companies set minimum credit standards for their policy [more...]

Date: 2008-12-30 04:11:53

How to Get Out of Your Cash Advance Addiction

How to Get Out of Your Cash Advance Addiction Cash advances are viable short term financial solutionsfor urgent issues that cannot wait until your ... . Copyright © by Advice on credit repair, credit reports and debt solutions. All Rights Reserved. ... in part because their interest rates can be rather harsh to the customer. You must get yourself [more...]

Date: 2009-01-15 07:26:37

Best Credit Repair - Outdated Credit Fixing Techniques

Having bad credit report affects you in all financial aspects of your life, there is strongest reasons then, justifying a credit fixing as soon as you can, you will get the benefits of lower interest rates on all kind of loans you apply for. However, there some important points to take in consideration when you ... [more...]

Date: 2008-12-27 19:00:59

The Daily Poverty Post.

First of all, isn’t it funny that when conjuring the telephone, we think of the above? ... , this safe site will provide you with one free FICO score and credit report every 12 months — ... out how to call your credit card company to renegotiate your interest rate! Before we begin [more...]

Date: 2008-12-06 17:33:45

Real Estate investing and bad credit reports

by Doc Schmyz In today’s world our credit score is everything. Creditors and bankers approve or disapprove loans based on your credit worthiness ... . You will be able to pay your bills on time. Having bad credit can reduce the opportunities of things. You may get approved for a loan or for a credit card but with a higher interest rate [more...]

Date: 2008-12-31 15:40:09

NFL considers reducing teams' borrowing cap; Patriots sue bond insurer

By Aaron Kuriloff Bloomberg The National Football League will consider reducing the amount each team can borrow following turmoil in the global ... " on cheap, available credit to maintain cash flow, expand business and pay players, said Marc Ganis ... and to provide working capital," Fitch Ratings said in a June report. Ganis said the credit crunch [more...]

Date: 2008-10-15 19:41:36

Mortgage Rates for Friday Afternoon

This morning’s Jobs Report was even worse than expected with 533, ... s report.   Mortgage rates are much improved over the last rate post (pre-Thanksgiving) and slightly ... ).  The conforming rate quote below is based on owner occupied with a mid-low credit score of 720-739, “full [more...]

Date: 2008-12-05 21:22:25

How You Can Remove a Judgment from Your Credit Report

by John Cooper A judgment, default judgment, and credit card judgment all mean the same thing ... a professional credit repair law firm for reasonable rates. A leader in the industry Lexington Law can be hired ... . This makes it possible to never be able remove a judgment. However with some savvy credit repair [more...]

Date: 2008-12-02 10:23:10

Fed Chairman Uses Incompetent Ratings Firms for Bailout

“Federal Reserve Chairman Ben S. Bernanke is basing hundreds of billions in emergency lending on credit ratings from companies that gave AAA grades ... .  So reports Bloomberg News. Before the financial crisis, we repeatedly warned in vain ... of the financial crisis.  “They’re outsourcing the credit assessment to a group of people whose recent [more...]

Date: 2008-12-18 18:40:19

Tips on buying Memphis Home

by S. Kim When it comes to buying a home this can prove to be a very stressful period in our lives ... from the credit reporting agencies (Experian for example). Now go through them and if you see any ... at a good rate it is important that your credit history looks good. Therefore a few months before [more...]

Date: 2009-01-17 14:51:05

Real Estate Short Sales and FICO Credit Scores

Real estate "short sale" is a new term of art that has entered the lexicon during what is considered the worst housing crisis in a generation ... is completed. Sammy avoids having a foreclosure haunt his credit rating for the next seven years. Typically, short sales appear on a person's credit report as "Settled for Less" or "Paid in Full For Less [more...]

Date: 2008-09-12 14:20:35

Debt Consolidation - a great way to simplify your credit problem

Debt consolidation is great solution of financial problems that faced by many person in their life ... and repair your credit report if you follow your debt management plan until the end of period. Don’ ... . However, most debt consolidation efforts will have bad effect on credit ratings at first. This is because [more...]

Date: 2008-10-22 15:15:48

Credit Crisis Safety Plays: Banking Ratings Report Can Provide Peace of Mind and Warn You if Your Bank is Weak

When federal banking regulators last week seized the Houston-based Franklin Bank SSB (FBTX), it became the 18th bank failure this year amid the ongoing credit crisis. With total assets ... all, aren’t deposits guaranteed by the Federal Deposit Insurance Corp. (FDIC)? And weren’t the limits [more...]

Date: 2008-11-14 16:07:43

Tips on buying Memphis Home

by S. Kim When it comes to buying a home this can prove to be a very stressful period in our lives ... you can obtain for free from the credit reporting agencies (Experian for example). Now go through them ... to get what you want at a good rate it is important that your credit history looks good. Therefore a few [more...]

Date: 2009-01-17 15:03:29

Bad Credit Doesn’t Mean No Credit

by Chris A Smith Just because you need help with your credit report does not mean you are automatically excluded from getting a new line of credit. Each lending institution, be it a credit card company or a bank, has it’s on rules regarding the granting of credit and often times these can vary greatly from institution to institution. Usually, the company offering the best rates and terms is more conservative than others and will consider the entire credit history of an applicant. [more...]

Date: 2009-06-08 12:30:05

Tell Us Something We Don't Know: Consumers Deeper In Debt

From the "not news" file comes a report from credit rating firm, Equifax, that consumers are falling more deeply into debt. According to Reuters, Dann Adams,... This is a content summary only [more...]

Date: 2008-12-23 20:47:24

U.S. Telecom and Cable Credit Profiles to Weaken in 2009

Debt ratings agency, Fitch has updated a ratings report issued last month and now says that it expects that revenue growth will be negatively impacted by growing local exchange carrier access line [more...]

Date: 2009-01-11 21:21:17

Buying Memphis Home

By S. Kim When you are buying a home this can be a very stressful period in your lives ... you can obtain for free from the credit reporting agencies (Experian for example). Now go through them ... to get what you want at a good rate it is important that your credit history looks good. Therefore a few [more...]

Date: 2009-01-14 20:13:24

The Government of Dubai Will Need $19 Billion Dollars in Loans to Stay Afloat This Year

Dubai’s refinancing needs to touch $15b http://archive.gulfnews.com/articles/09/01/16/10275943 ... refinancing requirements in 2009 are expected to touch $15 billion (Dh55 billion), according to credit rating agency Moody’s in its latest report. This is nearly half of the total refinancing requirements [more...]

Date: 2009-01-17 06:42:07

6 Step To Improve Your Credit Score Now

credit cards Your credit score is probably the single most important number in your financial life ... . Use of your credit report has infiltrated areas we never thought it would - from job applications to insurance premiums. I recently learned the impact credit score has on interest rates after finding [more...]

Date: 2008-12-02 17:06:27

Nuclear warning to taxpayers, investors, part 2

By Joseph Romm Part 1 presented a new study that puts the generation costs for power from new nuclear plants at from 25 to 30 cents per ... great. A June 2008 report PDF by Moody's Investor Services Global Credit Research, "New Nuclear ... credit metrics. And this would likely result in a sharp downgrading of the utility's credit rating [more...]

Date: 2009-01-10 12:44:19

Mortgage Rates following a Dismal Jobs Report

This mornings Jobs Report was ugly. 240,000 non-farm jobs lost in October (higher than the expected 200,000) and unemployment at 6.5% ... with a sales price of $500,000 and a loan amount of $400,000. Rates are priced based on a low-mid credit score ... . Equally bad are the revisions to August and September's figures reflecting additional losses [more...]

Date: 2008-11-07 16:48:53

Real Estate investing and bad credit reports

by Doc Schmyz Creditors and bankers approve or disapprove loans based on your credit worthiness ... . You will be able to pay your bills on time. Having bad credit reduces the opportunities of these things. You may get approved for a loan or for a credit card but with a higher interest rate [more...]

Date: 2008-12-25 10:33:44

Banks? Credit Quality Expected to Worsen

Kerry E. Grace reports: Although government support has buoyed U.S. banks, the industry will likely experience overall credit quality deterioration at least through this year, according to a report published Tuesday by Standard & Poor’s Ratings Services. S&P [more...]

Date: 2009-01-06 09:09:00

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

Ripples from Chase. Banks in the news, and not in a good way

Here is a job listing just in time for all those great folks at Chase Chase’s exit from wholesale left brokers searching the rate sheets in their ... this out to his/her clients: “Wells Fargo Sr. Mgt. reports: we are committed to the Wholesale ... up-front fees for application, credit report and appraisal with the thinking being “once a customer [more...]

Date: 2009-01-15 14:34:13

Bonita Springs Florida Monday Mortgage Report 04-27-2009

Mortgage Rates Hit 5 Year High This week it is projected that mortgage rates will reach a 5 year record high.  Thanks to declining markets, credit lending guidelines tightening down, banks going out of business or merging to avoid bankruptcy, and many other economic factors, potential homeowners will now be facing an even more difficult time in trying to qualify for a new home due to the sharp an sudden increase in mortgage loan interest rates. [more...]

Date: 2009-04-27 13:42:00

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

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