Tuesday July 27, 2010
If you've recently had an application turned down because of bad credit, you know the importance of good credit as well as anyone. Having bad credit can make life a little inconvenient. You might find yourself paying high security deposits or getting turned down for credit cards, loans, and even jobs.
Credit repair services look very attractive when your credit is damaged. Many consumers who've used these companies have found themselves out of hundreds, even thousands of dollars, with no better credit than when they started. Credit repair scams are rampant and it's up to you to recognize them. Read 7 Ways to Spot a Credit Repair Scam.
You might also be interested in:
Sunday July 25, 2010
Are you about to give up budgeting because you can't get your budget to work? Check out these 12 reasons your budget isn't working before you throw in the towel. Usually when budgets go wrong, it's because of the method, not the budget itself.
Budgets are an essential tool to getting out of debt and staying there. So don't give up on your budget just yet. Try to figure out what's not working, fix that problem, and give your budget another try.
Recommended Reading:
Saturday July 24, 2010
Credit card thieves come up with more clever ways of tricking you into giving your credit card information. They like to pose as your credit card company, calling or emailing you to alert you to trouble with your account. Be suspicious any phone calls or emails you receive from someone claiming to with your bank or card company.
Related Articles:
Tuesday July 20, 2010
If you tell the debt collector you're about to file bankruptcy today, you probably shouldn't post pictures of your new Corvette tomorrow. Otherwise, the debt collector could use that information against you. The Arizona Daily Star report tells of a the debt collector who discovered information on Facebook and used it to confront a businessman who'd lied about his inability to pay a $17,500 debt. That confrontation got him to pay up.
There's nothing in the Fair Debt Collection Practices Act that prevents debt collectors from checking your Facebook or other social networking page. Fortunately, they can't use it to reveal that you owe a debt.
The best way to keep debt collectors off your Facebook page is to make it private and visible only to people you know. Of course, telling the truth about your financial status won't hurt either.
More on Debt Collection:
