Having bad credit in America can deeply affect your quality of life. If someone is to have poor credit it can make you ineligible for car loans, home loans, and even in some cases rental leases. Not to mention, people who have poor credit are usually at the mercy of creditors in regards to interest …
In order to understand and appreciate the benefits of repairing one’s credit, it is imperative to understand the credit score and its significance in the steps one must take to repair credit damaged by bankruptcy, foreclosure, repossession, and other factors. According to Wikipedia: A credit score is a numerical expression, based on a level analysis …
Caveat Emptor – noun the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made. Caveat Emptor – in language that even a layman should be able to understand, the principle of “let the buyer beware” is a sensible watchword regarding any purchase – substantial or …
“To file, or not to file? … THAT is A question.” That is a question that thousands of debt-burdened debtors ask on an annual basis: “Should I file for Chapter 7 bankruptcy?” Another question often asked is: “What are the alternatives to filing for bankruptcy?” And: “If any”? This writer is of the belief that …
To initiate an investigation of a “bad mark” on a consumer credit report, consumers are advised to make their first inquiry or request via a credit reporting agency. The three major credit reporting agencies in the United States are Equifax, Experian, and Transunion. Trying to resolve a dispute with the business or lender who may …
Consumers need to be vigilant in protecting their credit and financial reputations. In today’s age, lenders, companies, and others who transact business via the credit markets can be predatory, merciless, and not consumer-friendly. One way of protecting your credit history and reputation is to know and understand some basics of credit reporting, credit monitoring, and …
The credit score is generally the prime determiner in whether a prospective house purchaser is able to qualify for a mortgage. In the United States, most houses are purchased through the acquisition of a mortgage. Most home purchasers in the United States today do not have the funds to purchase a home without a mortgage. …
Continue reading “What Credit Score is Needed to Buy a House?”
There is no questioning that filing for bankruptcy is something that can have all sorts of impact on your life. For instance, it’s a major life decision that might affect your employment opportunities, where you can live and might even affect your relationships with others. Quite clearly, it might be a full-on life-changing event. It …
Continue reading “How Does Bankruptcy Affect My Credit Score?”
Negative remarks on your credit report can stick around on your credit report for a significant period of time. This had lead some people to attempt changing their Social Security Number as a potential work around for bad credit. Believing you can start with a new bill of clean credit by changing your Social Security …
Continue reading “Obtaining New Social Security Number in Order to Repair Credit”
Consumer Financial Protection Bureau (CFPB) is the agency responsible for policing the actions of those in the credit industry. An investigation by the CFPB may be into the actions of a creditor who has not fulfilled their obligations to report a debt correctly to the consumer reporting agencies. Just as like a scenario would be …
