Archive for the Debt Counseling Industry Category

Understand Your Credit Report

I found this helpful article to assist in better understanding and interpreting your credit report. See Help! I don’t Understand My Credit Report. For additional information you can also view my article, Credit Scoring Basics and the link within the article called Improving Your Credit Score.

Viable Alternative To Bankruptcy

Though I do not agree with all of the article, WGAL.com offers the following discussion:  “If you’re carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that’s the last thing you should do.”  See Viable Alternative To Bankruptcy.

Warning! One Cent Scam May Be Heading Your Way

An Air Force public Affairs office offers this tid bit that is reaching into the pockets of civilians and milittary.  It seems scammers generate random routing and account numbers, into which they try to deposit one cent. Once the one-cent deposit clears, the perpetrators know the account is active and begin to withdraw funds from the account.
Airman Loses $600 to ‘1-cent deposit’ Scam.

 

Bankruptcy Judge Teaches Credit Skills

Judge John C. Ninfo II founded Credit Abuse Resistance Education, or CARE. It sends volunteers from the bankruptcy system _ including judges, trustees and private attorneys _ to talk to young people around the country about developing good money skills and avoiding debt traps. Read more at the Associated Press article Bankruptcy Judge Teaches Credit Skills

Lying Debt Collector

Justin Herelik of Bankrate.com offers some very sage advice when dealing with unscupulous debt collectors.  His advice also offers ways to know when a collector is being legitimate and when he/she is not. See  Dealing With A Debt Collector Who lies

Secret Credit Scores Unveiled

Stephen Snyder has made it his passion to understand how credit scores are established. As a result, he can tell consumers how to pay less on everything from home mortgages to credit card purchases.  In this article he opens the potential auto buyer’s eyes to the fact that your credit score may not be what you think it is when buying a car. See A Secret Credit Score Your Car Dealer Won’t Tell You About

The “Right” Debt Counselor

Bankrate.com says: “Asking for help when you have too much debt and not enough money isn’t easy. But if you trust the wrong company, getting help could be downright dangerous to your wallet and your credit rating.”  See Debt Help That Isn’t .  

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