Benefit #1: People with poor credit are unable to obtain car loans, credit cards, or even an apartment in their own name. In a credit-driven world, a ruined credit reputation or a status of being deemed “unworthy for credit” is both a stigma and a drawback in everyday life. A primary benefit of working to …
Is Credit Repair The Right Move Post-Bankruptcy?
Anecdotally speaking, filing for Chapter 7 bankruptcy can be – in and of itself – a relief. Most people who take the step of filing a bankruptcy petition have been in a state of fret and worry for months – maybe years – in the period leading up to the filing. The constancy of vexing …
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Credit Repair – Or – Bankruptcy?
“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 …
Credit Repair – Making It Work
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 …
Obtaining New Social Security Number in Order to Repair Credit
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 …
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Consumer Financial Protection Bureau Shuts Down California Company for Deceptive Practices
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 …