Tagged: credit repair

Why Was Your Credit Card Information Stolen?

With hackers and new cyber crook on the rise, it’s arguably more important now than ever to ensure thta your credit card information is kept safe. There’s the obvious things that you should be doing to protect this crucial data, like logging into your account over secure Internet networks, monitoring your statements for unusual activity and never carrying a credit card outside your wallet. But new data suggests that simply using your credit card as a payment option could be just as susceptible to a credit card hacking than anything.That’s right – according to a recent Verizon security report, it’s...
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Threats, Lies and Coercion: Inside a Debt Collector Boiler Room

The victims would get a phone call. On the other line was a man claiming to be a police officer. He’d say that he was on his way to arrest them for check fraud and would tell them a time to be available. Sometimes he’d say he was working on extraditing them under new state government rules. Others, he’d say he was calling from the attorney general’s office. In no case was any of this true. They were all underhanded attempts to collect a debt. Serious Violations of Debt Collection Laws Debt collectors working for Four Star Resolution and Vantage...
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Can My Credit Card Company Sue Me?

If you have unpaid credit card debt and you’ve been regularly missing payments, chances are you’ve been getting calls from the creditor issuing a stern reminder about your situation. But if you think credit card debt stops there, think again. One day the calls might stop, but the next day someone could be on your front stoop serving you court papers. That’s right, a creditor can sue you. What’s more is that in the event that you had to agree to an arbitration clause upon signing your credit card, you yourself may not be able to sue, or go to...
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10 Terms Every New Homeowner Should Know

When you buy a home for the first time, it’s usually the largest purchase in your life thus far. There can be a lot of complicated concepts that can be difficult to understand. Bone up on your home-buyer’s vocabulary to make yourself more knowledgeable about home loans and better able to make good financial decisions. Terms you should know: 1. Prequalified If you are prequalified, that means that your banker has decided, based on basic information, that you’ll probably qualify for a loan. The next step is getting a preapproval; this involves examining pay stubs and a closer look at...
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How Do Public Records Affect Your Credit Score?

According to BSC Alliance, it’s estimated that anywhere from 1.3 to 1.5 million Americans file for bankruptcy protection each year. In 2013, Fox Business News reported that the IRS filed over 300,000 tax liens, or unpaid assessed money against your property or salary. Hundreds of thousands more Americans have court judgments filed against them. So just what do bankruptcy, tax liens and court judgments have in common? They’re all types of public records – or public legal documents – that can appear, linger and negatively impact your credit score. In fact it’s estimated that bankruptcy alone can dock an otherwise...
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Credit Score and Home Insurance

You already know how important a good credit score is to getting approved for loans and securing the best interest rates available on them. But there are other reasons to repair credit aside from low interest rates – like the impact it has on your home insurance premiums. Yes, contrary to what you may have heard elsewhere, your credit score has a direct effect on how much you pay for homeowner’s insurance. For instance, according to PropertyCasualty360: Homeowners with bad credit pay up to 91 percent more in home insurance premiums than those with excellent credit. Homeowners with average or...
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Credit Repair Need-to-Know

By Jackson David It is now common knowledge that the business of collecting personal credit and debt statistics on you is totally obsolete. This is a for profit business, with Equifax, Experian, and TranUnion being the only companies in that business, and they compete against each other for the almighty dollar. It is not uncommon at all for one agency to have only 75% of your data compared to another of one the three. That scenario causes numerous problems including a variations of 50 pts in your credit score. Yes, you have 3 credit scores, and you’ll find positive content...
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