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Credit Reports And Credit Reporting Agencies
We all know that our financial transactions are reported to credit agencies that track how well and how quickly we pay our debts and that when we apply for a loan for one reason or another, those agencies report our credit history to prospective...
Debit and Credit - Learning Accounting Basics
Debit and Credit - Learning Accounting Basics The terms ‘debit’ and ‘credit’ can be confusing when learning accounting for the first time but why is that? If you go to the bank and put money into your account then teller will say, “I am...
Questions to Ask a Credit Counseling Service about Debt Relief
Debt relief is a topic on a lot of consumers' minds these days, and with good reason. American credit card debt in 2001 was $692 billion, triple the amount from 1989. In that same time period, the average credit card increase for a middle-class...
Refinancing Your Home Mortgage Loan With Bad Credit
There are numerous reasons a person has bad credit. Late or partial payments, missing payments, and too many outstanding debts could all be factors that have left you with a poor credit rating. If you want to refinance your current mortgage but are...
Will Inquiries Lower Your Credit Score?
What are inquiries? When you apply for credit the creditor or lender checks your credit report to verify that you qualify for the credit or loan you are applying for. The "inquiry" is then reported to the credit bureaus and shows up on your...
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Nurse your credit rating with debt counseling
The most important first step you should take is to admit that you have a financial problem. As soon as you do that, you have taken a very big leap towards positive debt counseling and will soon recover from your debt problems. As they always say, the biggest obstacle to debt recovery or debt consolidation is denial. As long as you refuse to face up to your debts and financial problems, you'll remain stuck in your predicament.
Debt counseling is a kind of service that you can make use of in order to understand your future financial plans and to plan ahead with adjusting your lifestyle and spending in order to recover from your financial crisis. Debt counseling is often advertised as non-profit, but let me tell you something, they are not always non-profit. But if the debt counseling service can help you leap over this financial problem, what's paying a little bit of money to get professional advice, right?
Some people refuse to visit a debt counseling company because they fear that it will affect their credit rating, or make it even worse. The good news is that credit counseling companies rarely report your visits and reveal your personal financial information to the credit bureau. However, even if they do report your counseling service to the credit bureau, which is better - continue to sink into your financial debts or get professional debt counseling services so that you can avoid bankruptcy?
If you want to work on debt consolidation and restoring your financial health, we recommend using a debt counseling service because these are people who are trained to work at the numbers and provide you with alternatives. It's far better than not using debt counseling and doing it
yourself blindly - especially if you're not sure how all this debt counseling and debt consolidation things work. Let the debt counseling people handle all the nitty gritty details for you. All you need to do is to ensure that you have a budget and use every single ounce of your willpower to resist overspending.
In most cases, there is no such thing as a better debt counseling agent and the worse debt counseling agent. They are, essentially, the same. The cost of using a debt counseling agent may, however, be different. However, the debt counseling agent will take about 6 months to work out your proposal and getting it accepted by all the creditors (depending on how many creditors you have and how much money you owe them). But the work of a debt counseling agent is to help the creditors see that this is the best that you can afford. If the creditors refuse the proposals, they may see NOTHING at all.
If you're wondering if you can actually do this yourself, the answer is 'yes'. But if you asked me, I would say that all this legwork is better left to the debt counseling professionals. As it is, budget watching and paying is already a big enough job.
Dakota Caudilla, journalist, and website builder Dakota Caudilla lives in Texas. He is the owner and co-editor of http://www.finance-source.net on which you will find a longer, more detailed version of this article.
About the Author
Dakota Caudilla, journalist, and website builder Dakota Caudilla lives in Texas. He is the owner and co-editor of http://www.finance-source.net on which you will find a longer, more detailed version of this article.
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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 ... |
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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 |
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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 |
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Federal Trade Commission - Consumer Credit Center |
Features an assortment of helpful articles related to credit issues. |
www.ftc.gov |
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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 |
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Springboard - Non-Profit Consumer Credit Management |
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www.credit.org |
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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 ... |
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Credit Suisse Global |
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Experian: Free Credit Report and Credit Score, Credit Check ... |
Credit referencing and consumer targeting for the USA and other countries. |
www.experian.com |
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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 |
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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 |
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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 |
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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 |
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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! |
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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 |
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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 |
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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 |
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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 |
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CUNA: The Credit Union National Association |
News and resource directory about credit unions. |
www.cuna.org |
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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 |
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