We get the question every day: “How do I know I can trust you?” It’s valid, especially when we all know that there are companies out there that are either only looking to line their own pockets, or they’re straight up frauds. For a lot of people, the do-it-yourself approach isn’t going to work. They …
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Have We Learned Anything From This Financial Crisis? Survey Says….
While browsing some of my RSS feeds the other night, I stumbled upon a rather interesting survey over on the Lending Club website. The site, which offers a peer-to-peer lending marketplace, took a survey back between May 20th-24th to try and gauge consumer knowledge of credit and debt, especially in light of recent hard times. …
Will Debt Relief Effect My Interest Rates?
Americans are making higher monthly payments on borrowed money than they should be. Most of the time we just think that if we were approved for a credit card or a loan then our credit must be fine. The thing is, that probably isn’t the case. There could be outstanding credit card debt that’s holding …
Home Buyer Tax Credit Gets New Lease
Potential first-time home buyers and prison inmates everywhere are throwing their arms up in celebration. Last night, the Senate approved an extension of the home-buyer tax credit, the $8000 federal credit for prospective first-time home buyers. The extension gives house hunters until Sept. 30th – an extra 90 days after the original June 30th deadline …
New Debit Accounts to Receive More Options (just not the kind you might want)
If you’ve been thinking about opening a new checking account with a bank or credit union, and getting a debit card to go along with it, you should know that, as of today, July 1, 2010, you have a few new options open to you if you try and make a purchase that’s a little …
Debt Settlement – The Good, the Bad and the Ugly (part 2)
Yesterday’s blog post touched on “the Good.” Basically what you’re looking for in an ethical, reliable debt relief company. Today we’ve got the flip side of that same coin. Today we have what to expect from the rotten apples in the industry. The Bad The red flags are out there, you just need to know …
How Much Will You Pay to Settle That Old Debt? (Don’t answer yet….)
One step anyone looking to try their hand at credit repair invariably thinks to take is to gather all of their bills and outstanding debts in order and work up a plan to start paying them off. But before you start flipping through your little black book of creditors, you might want to think about the effect …
Debt Relief Companies -The Good, the Bad and the Ugly
Over the past few years debt relief companies have been steadily making headway into the financial services market. And while the stiff competition should have forced a few companies to noticeably rise to the top of the industry, this hasn’t actually happened. While debt relief is a valuable, legal way to handle outstanding debts, the …
“Calling Their Bluff:” Obama Says For Deficit and Debt Critics to Step Up
President Obama made some comments about the budget deficit last night that’s sure to light some fire under some of his critics. Luckily for them, they’ve got at least a year to prepare a rebuttal. Following the G-20 summit meeting in Toronto, Obama said of the deficit, "Next year, when I start presenting some very …
Bad Credit Shouldn’t Be Hereditary
If you have kids and they’re about that age where they can start applying for credit, then now’s the time to start talking to them about the downside of credit and debt. Who knows, if you’re lucky you might be able to throw in the safe sex conversation and get all of your parenting done …
