|
|
|
Bad Credit Loans For those who seek alternatives for New or Old Car
You can still save money on a Bad Credit Loan by comparing rates, checking out multiple policies, and negotiating with lenders. Getting a Bad Credit Loan doesn't have to be like basic training. Someone with bad credit will more than likely have a...
Bad Credit Mortgage - Got Bad Credit? Get 100% Financing!
Would you like to purchase a home but think it is impossible because
you have low credit scores and very little money saved for a down
payment? So you've given up the dream of owning your own home,
having to wait until your credit scores improve or...
Do You Need Bad Credit Help
Do you need bad credit help? Are you one of thousands with no
credit and no collateral to help secure approval, or you just
have extremely bad credit and no one wants to help you, and all
you hear is stories and more stories?
Bad credit is a term...
How to Improve Your Credit Rating Overnight.
Can You Improve Your Good Credit Overnight? Absolutely.
Perhaps you've been told that you were denied credit because of an "insufficient credit file" or "no credit file" and you have accounts with creditors that don't appear in your credit...
Top Ten Tips For Getting The Right Credit Card
Dodging through the Maze and Getting The Best Deal Going
Purchasing any financial product can be a difficult matter. The marketplace is one fraught with complications and offers are thrown your way from all directions. Sometimes it can all...
|
|
| |
|
|
|
|
|
|
Ask the Credit Counselor
Q: I am getting married soon. My credit is great, but my husband can’t even get a credit card in his own name due to past credit problems. How will his credit affect mine?
A: The good news is that the credit histories of spouses are not merged. In fact, it is possible to keep your credit history completely separate from your future husband’s, as long as you don’t add each other to your existing accounts or get new credit in both your names.
Keep in mind, though, that if you live in a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin) debts incurred by either spouse during the marriage are considered community property. That means if he does start qualifying for credit again, you could be responsible for any debts he incurs while you’re married.
Also be careful about helping your husband rebuild his credit by cosigning new loans with him. By cosigning, you will be entirely responsible for those loans or credit cards. I may sound a bit cynical, but I see these problems all the time. While your betrothed may have told you his poor credit history was due to circumstances beyond his control (and that may be true), my experience is that most people with credit problems don’t learn the skills they need to keep them from repeating their failures.
It sounds like you and your husband have different approaches to handling money. It’s best to sort those issues out before you tie the knot, since money challenges are cited as the number one cause of divorce. Before you walk down the aisle, run – don’t walk – together to a money management course where you can learn how to see eye to eye on this important issue.
Q: Over the past two years I was unemployed and working temporary jobs. I ran up about $20,000 on five credit cards. I am working again full-time and need to lower my interest rates and get on a regular payment schedule. I’ve considered credit counseling, but wonder if I
shouldn’t just try to negotiate lower interest rates on my own. Why not?
A: It’s very important for consumers to keep the lines of communication open with their creditors if they are experiencing problems making payments. At the same time, I doubt you’ll be able to negotiate the same terms that a counseling agency can.
There are several reasons why. First, creditors know when someone enters into a counseling program that they are making a serious effort to repay their debt. Consumers in a counseling program, for example, agree not to take on additional debt. Secondly, creditors know they will be treated fairly when a consumer is in a counseling program. Without the counseling agency as the “go between,” consumers might feel pressured to pay one creditor (you know the “squeaky wheel” adage), which could mean other payments slide. Finally, the counseling agency takes on the responsibility of making monthly payments to each participating creditor. That makes it easier for you, since you only have one monthly payment to make to the counseling agency, but it also means the creditor knows they can get a reliable answer from the agency if a payment isn’t received on time. Together, all this means that most creditors feel much more comfortable negotiating with a professional credit counseling agency instead of directly with consumers.
-- Howard Dvorkin, founder of Consolidated Credit Counseling Services Inc.
Credit Counseling Services Inc., all rights reserved. To ask a question, or to learn more about strategies to reduce your debt, visit www.ConsolidatedCredit.org or call 800-210-3481.
About the Author
Mr. Howard Dvorkin, MBA, CPA, is the Founder of Consolidated Credit
Counseling Services, Inc.™ and www.ConsolidatedCredit.org. He is a noted
financial expert on consumer credit, personal financial planning, and tax
strategies, as well as specializing in both private consumer debt law and
IRS practices and procedures.
|
|
|
|
|
| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
| Credit.com offers a variety of credit related products and services including credit reports and credit scores, credit cards, car loans, home loan and ... |
| www.credit.com |
|
| Equifax Personal Solutions: Credit Reports, Credit Scores ... |
| National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
| www.equifax.com |
|
| The FTC's web site on Credit |
| Credit is much more than a piece of plastic, and the resources on this site can help you become a more savvy consumer. You’ll also find compliance ... |
| www.ftc.gov |
|
| Federal Trade Commission - Consumer Credit Center |
| Features an assortment of helpful articles related to credit issues. |
| www.ftc.gov |
|
| AnnualCreditReport |
| Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
| www.annualcreditreport.com |
|
| Springboard - Non-Profit Consumer Credit Management |
| Our mission is simple: To offer education on the wise use of credit. ... SPRINGBOARD has been approved to provide credit counseling services and issue ... |
| www.credit.org |
|
| myFICO - FICO Credit Scores, Online Credit Reports and Identity ... |
| myFICO.com: Get your Free credit report and Free credit score with a 30-day trial of Score Watch. All three FICO Scores and Credit Reports Available now ... |
| www.myfico.com |
|
| Credit Suisse Global |
| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
| www.credit-suisse.com |
|
| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
| www.experian.com |
|
| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
| www.ncua.gov |
|
| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
| en.wikipedia.org |
|
| Credit (finance) - Wikipedia, the free encyclopedia |
| Any movement of financial capital is normally quite dependent on credit, ... Sometimes if a person has financial instability or difficulty, credit is not ... |
| en.wikipedia.org |
|
| The National Foundation for Credit Counseling |
| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
|
| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
| FreeCreditReport.com: Free credit reports and credit scores from Experian. Get your free credit report and credit score now. It's free, fast, and easy! |
| www.freecreditreport.com |
|
| Compare credit cards | apply for a credit card | 0% balance ... |
| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
| www.moneysupermarket.com |
|
| Ford Credit - Auto financing for Ford, Lincoln and Mercury cars ... |
| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
| www.fordcredit.com |
|
| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
| www.zug.com |
|
| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
| www.creditmag.com |
|
| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
|
| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
|
|