Advanced HOW-TO Credit Repair Tips (2 OF 3)

If you have been denied new credit because of your existing bad credit and you want to know WHY your credit repair rights are legally protected then you will save time and money by reading further. Let’s start off by defining what the Fair Credit ... when preparing consumer reports on individuals.” Simply stated your credit repair rights are [more...]

Date: 2008-11-22 06:47:11

Blog posts (38) | Videos (36)
 

How to Resolve Credit Bureau Reporting Errors

Photo courtesy of neoliminal A couple months ago my wife and I started a passive search for a new home ... idea to check your credit report to make sure things are being reported correctly.  Inaccuracies ... on a new home. Skeletons In Your Credit Closet? Often times consumers have legitimate, negative [more...]

Date: 2008-10-23 11:00:30

I Guess Our Mortgage Is Officially Considered Small

As a follow up to the post I wrote a few days ago about the new consumer protection laws and the possibility that thrift stores would have to stop ... scores until now.  We went to the annual credit report site and picked Experian.  Credit scores were $5.95 each, and the credit report is free (we normally just get the free report).  We got my husband’ [more...]

Date: 2009-01-09 08:15:42

FTC Crackdown on 36 Credit "Repair" Companies

sweep.jpg Ever wonder if those TV ads claiming to help you repair your credit are legit? ... they are able to scrub your credit reports of accurate, negative information for a fee are lying - plain ... information from consumers' credit reports, even if that information is accurate and timely. The FTC [more...]

Date: 2008-10-28 11:15:52

Consumer deleveraging: only just begun?

Yesterday, the Federal Reserve reported that outstanding consumer credit for November fell a worse-than-expected $7.9 billion, lending support to the notion that the consumer is deleveraging. However, based on the accompanying graph of year-over-year changes in consumer credit and mortgage debt relative to GDP [more...]

Date: 2009-01-08 06:26:08

Another Consumer Scammed By FreeCreditReport.com [Freecreditreport Com]

Freecreditreport.com is NOT actually free, nor is it related to Annualcreditreport.com, the free credit report that you are entitled to under federal law. So why are people still ... of my credit report. All of the major credit reporting agencies seem to strong arm you towards [more...]

Date: 2008-08-11 16:29:44

Looking ahead

For Thursday: • Congress holds a joint session to count the electoral ballots for president and vice president. ( ... . • Economic reports: The Labor Department announces the latest unemployment claims; retailers report ... consumer credit figures for November. • The Treasury Department's man behind the TARP delivers [more...]

Date: 2009-01-08 02:07:47

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 Scoring Is About To Change But How And When?

In a nice change of pace, all three credit reporting agencies, Experian, ... simpler and easier for both consumers and credit providers. If you’ve applied for a credit card ... Equifax and TransUnion have joined together in developing a new way to score your credit [more...]

Date: 2009-01-15 05:10:40

A Housing Market Detached From Reality

The Ukiah Daily Journal reports from California. “Worried consumers, ... , assets, credit and long-term job stability,’ as requirements for a home loan, said Ginny Richards ... a loan with no money down and no proof of income are over. If you’re buying, Richards advises, ‘ [more...]

Date: 2008-11-22 17:46:53

Is Anyone Surprised at an Ugly Beige Book?

This morning, I gently mocked those economists who were (gasp!) surprised that Retail Sales in December stunk ... for consumer loans. Some districts noted an increase in refi activity. Boston reported that credit ... that lending activity continued to decline or remained weak, and many Districts reported that credit [more...]

Date: 2009-01-14 20:30:14

Stocks Recoup Sessions Losses

FINANCIALS EVIDENCE HOPE FOR CONGRESSIONAL BAILOUT U.S ... and has moved narrowly higher in the session’s later trading. Capital One (COF), the consumer-lending giant that reported credit-card defaults continued to widen in December, recouped its early losses to move [more...]

Date: 2009-01-15 19:56:41

A consumer complaint about Consumer Reports

This story just drips with irony! 2 ... be trusted. No fault of theirs, my credit card number got out to some bad guys in Malta or Africa, and the credit card company detected it, contacted me as I was checking into a hotel in NY (by declining [more...]

Date: 2009-01-12 13:57:29

Common Credit Questions: Should You Send a Debt Validation Letter on an Attorney's Letterhead?

No. Actually, a debt collector may overreact to a DV letter sent from an attorney. You do not want the collection agency/creditor paying too much attention to your dispute. You want them to ignore it so it goes away. The Fair Credit Reporting Act (FCRA) expects that the consumer [more...]

Date: 2008-12-26 19:14:00

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" ... it's worth taking a step back here for a second and clarifying something, these people are not loan sharks. Loan sharks break your legs when you don't pay. These people are bastards, absolute bastards [more...]

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

Free shredding Jan. 24 in Tacoma

Free shredding Jan. 24 in TacomaAttorney General sues Colfax couple for equity skimmingProtect yourself from e-mail hijackers and spoofersAGs reach deal to debug Dell’s customer serviceVirtual credit cards may give online shoppers peace of mind ... Reports Consumer World Content Bottom Graphic contact the webmaster privacy [more...]

Date: 2009-01-16 01:33:05

Consumer Advice to Ring in the New Year

December 23, 2008 FTC News Release: Nine Consumer Tips to Make the Most of 2009 As 2008 draws to a close, ... credit report with no strings attached. To learn more about credit, mortgages, debt collection ... the Federal Trade Commission has nine consumer tips that can yield big dividends next year [more...]

Date: 2008-12-23 18:24:31

White House Hints At Veto Threat Of “Weak” Consumer Protection Bill

The White House on Tuesday suggested that President Obama would consider vetoing regulatory reform legislation if it did not include strong enough protections for consumers of credit cards, mortgages and other financial instruments. Press Secretary Robert Gibbs told reporters that there were "big" concerns inside the administration over reports that Congress was scaling back a key pillar of the president's approach to reform: the creation of a Consumer Financial Protection Agency (CFPA). An [more...]

Date: 2009-09-29 19:32:53

White House Hints At Veto Threat Of "Weak" Consumer Protection Bill

The White House on Tuesday suggested that President Obama would consider vetoing regulatory reform legislation if it did not include strong enough protections for consumers of credit cards, mortgages and other financial instruments. Press Secretary Robert Gibbs told reporters that there were "big" concerns inside the administration over reports that Congress was scaling back a key pillar of the president's approach to reform: the creation of a Consumer Financial Protection Agency (CFPA). [more...]

Date: 2009-09-29 19:32:53

US retail sales, eurozone industrial production fall

Wednesday brought yet more gloomy economic data. Bloomberg reports that US consumers are cutting back on spending. Sales at U.S ... of credit led Americans to cut back on everything from car purchases to eating out. The 2.7 percent slump ... . The decline in purchases and lack of credit caused a further weakening in the economy across almost all areas [more...]

Date: 2009-01-15 00:21:48

Mobile banking is too risky in the eyes on consumers

According to a recently published report entitled “2008 Mobile Banking Security Standards” consumers are too wary of security to use their mobile ... for mobile banking transactions instead of whipping out cash or a credit card isn’t worth the risks ... program could also be put into place. Perhaps when mobile banking service providers such as Visa (whi [more...]

Date: 2008-12-31 09:24:33

The Subprime Crisis Hits Home Hard in California—Package of Bills Heading to the Governor

By Mark Ridley-Thomas California State Senate Chair, Legislative Black Caucus It comes as no surprise, ... and harnessed with unsustainable high interest subprime loans, whether they had good credit ... loans compared to any other group, according to a report by the Consumer Federation of America [more...]

Date: 2008-09-09 22:52:06

Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging

For the first time since May 1996 reports have indicated that wage increases have risen faster than house price inflation ... that consumers are struggling with debt. Ed Stansfield of Capital Economics, said, “Today’s figures show that for a small but growing minority of borrowers levels of debt have become a problem, despite [more...]

Date: 2009-01-14 23:35:31

September 30th, 2008 - Help Stop Debt Harassment, Learn Your Rights!

Obtaining credit can be fairly simple. If you have a steady job, an acceptable debt-to-income ratio, and no history of serious credit delinquency, ... Responsibility of Debt Collectors or other Furnishers to the Consumer Reporting Agencies. Procedures in the Case [more...]

Date: 2008-09-29 05:38:41

Financials, Cyclicals - Plus Retailers - Weigh On Equities

LOSSES STEEPEN AS EARNINGS REPORTS NEAR The same dragons that have ravaged the countryside and laid waste to the good citizens of Wall Street - ... of other financials lost ground, on a combination of worries about the fourth-quarter earnings reports that are due out shortly, and exposure to the consumer, amid clear signs that credit-card spending [more...]

Date: 2009-01-15 21:10:46

PC Demand Up..And Windows 7 Isn’t Even Available Yet

Credit Suisse analysts reported that desktop and laptop PC sales were up in July and August, in advance of the expected increase in sales when Windows 7 launches.  Normally consumers like to tie their purchases in with the launch of a new OS as they dont’ want to pay for an upgrade or do an upgrade themselves.  However, the marketing of free Windows 7 upgrades once it launches on October 22nd seem to be working, with users getting their chequebooks out now. [more...]

Date: 2009-09-27 04:21:48

Debt Reduction is more Important than Your Credit Score

If you are a baby boomer with a pile of consumer debt, you are not alone ... those with significant credit card debt to worry about. According to a report from the New York ... it) is a willingness to negotiate some of that debt away without regard to its effect on your credit score [more...]

Date: 2009-01-04 00:34:49

MortgageNewsClips: Catching Fraud, HSH on Fixed Rate, Super Human, Stephanie Pomboy, Reverses Go Live, Tom Brown, Mod Section 6 links, FDIC Highlights, Accounting

Discussing Loan Reviews with Andy Hall  - John Clapp - MortgageOrb chats with Andy Hall, ... that it will take consumers at least five years - and probably more - to recover from the credit crisis ... Oversight Panel’s First Report: Unfortunately, Just What We Expected  Elizabeth Warren seems determined [more...]

Date: 2008-12-20 12:53:02

Rebuild your nest egg - 17 moves to secure your future now

Consumer Reports - January 2009 When bad investments happen to good people, there's only one thing to do short of weeping: Turn to Plan B ... and household goods. About 20 percent have paid off most or all of their credit-card debt ... and making choices we'd hoped to avoid. We might have to work harder to slash debt, cut spending [more...]

Date: 2009-01-13 22:42:30

JPMorgan chief sees bleak year ahead

The US financial and economic crisis will worsen this year as hard-hit consumers default on credit cards and other loans, Jamie Dimon, chief executive of JPMorgan Chase, has predicted. Dimon, whose bank will report Q4 results on Thursday, gave his bleak assessment in an FT interview as bank shares tumbled in key markets on fears [more...]

Date: 2009-01-15 05:31:17

The retail crash bodes ill for services

This is bad any way you slice it: Retail sales plunged far more than expected in December, a record sixth straight monthly decline as consumers were battered by a recession, a severe credit ... of the housing slowdown continued to seep into the local economy. According to a report Tuesday [more...]

Date: 2009-01-14 15:06:15

Taking the Consumer Out of Consumerism.

With all the bleak news reported daily and seemingly updated by the hour, ... - excessive consumers. In an effort to keep up with the Joneses, we have become dependent on credit and debt [more...]

Date: 2008-12-09 14:00:33

Transfer Your Balance to Avoid Interest

Consumers will spend around £11bn on plastic leading up to Christmas and the New Year, reported by the Association for Payment Clearing Services ... one credit card,another solution to save on interest would be to make use of a debt consolidation ... this you can switch your debt| by switching your debt on to the new card as soon as the festive season is [more...]

Date: 2008-11-13 22:08:22

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

Car Sales Continue to Crash

Although many economists simply lump car sales as a consumer purchase, ... . Last month was no exception. Auto sales were off across the board. Ford Motor Co. today reported a 32.4 ... have more money to lend for automobile purchases. But note, while banks do provide lines of personal credit based [more...]

Date: 2009-01-05 23:40:47

5 Credit Questions with Fair Isaac’s Barry Paperno

Following my guest post on my good friend JD’s Get Rich Slowly about How to Prepare for Buying a Home, ... , running their San Francisco Bay Area consumer assistance office. There we provided credit reports and counseling to consumers, investigated disputed credit items, and corrected credit reporting [more...]

Date: 2008-09-23 16:11:34

Repair Your Credit Today!

Nowadays, we cannot deny the fact that there is bad credit or what we are considering as incorrect credit ... . 29% of consumers have variances of 50 points or more in their credit scores as reported by each ... statistics of errors in credit reports. Here are the following: 79% of credit reports contain some type [more...]

Date: 2009-01-11 01:34:00

What are my Credit Rights?

Knowing your credit rights as a credit card holder will be your guide and protection against unlawful practices that may be committed by creditors and debt collectors. The Fair Credit Reporting Act (FCRA) has made distinct stipulations ... details or inaccurate information on your credit report. Notify a Consumer Reporting Agency [more...]

Date: 2008-12-22 06:55:21

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