If you haven’t heard the news already, the Federal Government plans to shut down at midnight tonight (Friday, April 8th), meaning they will be closed to all new business until they decide to reopen again. What you may not have heard is that once the government shuts down, military service members stop getting paid, including [...]
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Continue ReadingThis Week in Credit News: Navy Federal to Advance Direct Deposit Pay for Active Duty Military Members “At the same time, we want to support our members—especially our active duty military members—through this potentially challenging time. Sentiment Dropping like it’s hot “People are happy to get out of the market this week relatively intact,” said [...]
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Continue ReadingMan, that would be a scary thought, wouldn’t it? Speculation is running rampant over major financial news sites that the federal government could shut down soon, forcing lenders to stop making loans that are backed by the Federal Housing Administration. To add to the housing market’s troubles, earlier this year the White House announced that [...]
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Continue ReadingEveryone remembers their first car. Mine was a ’91 Honda Civic that I inherited (bought) from my parents during my junior year in high school. I held onto that car for just under 20 years before it finally punched out and I sold it to some kid who wanted to turn it into a street [...]
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Continue ReadingA common question that seems to be popping up a lot among our credit repair clients concerns the differences between a foreclosure and a short sale on a home, and which looks worse on your credit report. The fact that these questions have begun pouring in at a steadily rising pace isn’t that surprising, considering [...]
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Continue ReadingIn lieu of yesterday’s blog post about yet another unbelievable debt collector scam, I thought we’d take the time to go over some of the most commonly heard lies debt collectors tell to consumers, and set the record straight on how wrong they are, as well as what violations they commit under the Fair Debt [...]
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Continue ReadingThis Week in Credit News: Is Visa and Mastercard Price Fixing? Visa, MasterCard and the country’s biggest banks are accused in a lawsuit of being part of a price fixing conspiracy that has forced merchants to pay billions of dollars in credit card transaction fees. Midland Credit Management Being Sued Again This company has a [...]
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Continue ReadingWith the wealth of misinformation available regarding managing your credit and debts, I thought we’d take a moment today to look at 5 of the biggest credit repair myths that we still hear to this day, and point out the real facts: 1: Amount of debt affects credit score. “My credit should be easy to [...]
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Continue ReadingHot off the heels of yesterday’s blog about some of the worst credit repair “advice” I’ve ever read – not to mention our story on the Indian debt collector scams – comes another story of some shady a-hole debt collector. Before we get to it, though, I thought we’d have a little POP QUIZ! Can [...]
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Continue Reading(Before we get started, I need to get something out of the way: We don’t make a habit of raking someone else’s work over the coals, so we’ll just refer to them as “Redit Rog” powered by “Redit Roan”) I just read an interesting, if rather ill-informed, article from a credit blog (of all places!) [...]
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