|
|
|
Enjoy The Benefits Of A Credit Merchant Account
A credit merchant account can make your business more productive
than ever. That's because a merchant account will let you start
accepting credit card payments from customers in any part of the
world at any time of the day or night. Could...
Myths and truth about credit scoring.
Credit score is the key factor determining approval of almost any type of credit. It is based on the information contained in your credit report files. The widely used FICO score was developed by Fair Isaac Corporation, and it is a formula which...
What is Credit Insurance?
Are you wondering what is credit insurance? Very simply, credit insurance is an insurance policy that protects a loan on the chance that you are unable to make the repayments. The next time you have occasion to apply for a loan or mortgage, you will...
What Sets A College Student Credit Card Apart From Other Credit Cards
With college student credit card that today, most parents
contend that it is okay to let college students obtain their
very own credit card. Not only because they want to let their
kids manage their finances alone but also because having...
Why Consumers Need A Nationwide Credit Freeze Now
What do a shoe retailer, an online discount broker, and a popular clothing retailer all have in common? All three - DSW Shoe Warehouse, Ameritrade, and Polo Ralph Lauren - sustained breaches to their customers’ accounts. Unfortunately, these three...
|
|
| |
|
|
|
|
|
|
Lawyers are not always a Solution for Credit Repair and Credit Building
Lawyers often charge high fees to help individuals get out of
debt. Credit repair clinics are available to assist individuals
with debt relief, but only the absolute desperate would even
consider these types of solutions. So, if this is not the
solution for repairing credit, then what is?
Many people that suffer from bad credit often wallow in a pond
of self-pity believing there is no escape. Most people sit
around waiting for the miracle that came to their neighbor's
door to hit their door. The fact is there are no miracles that
happen unless someone takes the first step to eliminate the
problem. We all suffer at times, and some of us more than
others. It depends on the amount you owe, but for most of us
getting out of debt is possible.
Let's consider Bankruptcy Chapter 7. Chapter 7 Bankruptcy allows
families and individuals to erase many of the debts owed to
consumers. Chapter 7 Bankruptcy will often erase medical bills,
home mortgage, car payments, and credit card bills. The
disadvantage with Chapter 7 Bankruptcy is that you will have to
give up some of your assets in most instances. Once you fill out
the appropriate papers you will then go into an 'automatic stay'
which stops all your creditors from contacting you. This means
that the creditors cannot garnish money from your checks each
month to apply toward the bills you owe.
It also means that the creditors can not deduct money from your
checking, savings, money market accounts and so on. You are also
protected temporarily since the consumers are not allowed to
discontinue your electric or gas. The advantage of Chapter 7
Bankruptcy is that you have a degree of control over all assets
and income that are available once the bankruptcy is in motion.
There are debts that cannot be wiped out by filing Chapter 7
Bankruptcy.
Those debts include child support payments, college tuition
loans, criminal fines and costs, or other similar bills. The
problem with filing bankruptcy is that new laws are coming that
will make it more difficult for debtors to file. The new laws in
motion are nearly prohibiting debtors
from finding a solution.
Another form of bankruptcy that is available is the Chapter 13
Bankruptcy. Chapter 13 Bankruptcy means that the debtor keeps
their assets while making lower monthly installments on their
belongings. This is a good solution for building credit.
If you missed car or home payments it is a solution to help you
repair your credit. The downside with Chapter 13 is that if you
miss payments the courts has the right to change your plans. If
the courts see that the delay is only temporarily they may issue
you a 'grace period' until you get back on track, otherwise you
might get a 'hardship discharge,' which means that your debts
are dismissed. The best solution then is finding a solution for
the problem that won't lead you into the courtrooms.
This is only a headache since you will have to make court
meetings, be in someone else's control, and so on. The first
step to repairing your credit and building to a better future is
put some taps on your spending habits. Setting up a budget plan
is a great start to credit repair without hitting the courts.
Before long the law is going to make it virtually impossible for
anyone to go to bankruptcy court, so it is time to get started
now. If you are not good at budgeting, there are Nonprofit
Organizations that will help you set up a budget plan for little
or no cost.
Remember you are not alone, and there are people out there
willing to help you get back on your feet. If you don't want to
bother someone else with a budget plan you could also purchase
software programs that offer the tools for budgeting. Quicken
and many other software programs have excellent spreadsheet
programs, analyzing tools, and so on to get you on the road to
budgeting your money in order to repair your credit.
Information is this email is for information purposes only.
Always contact your lawyer if you need legal advice.
About the author:
Tony Robinson is a business owner with vast experience in all
facets of Credit and Credit Repair - for further tips and
techniques visit http://www.officialdebtfree.com
|
|
|
|
|
| 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 |
|
|