Credit counseling organizations are designed for people who are so far in debt that they are facing bankruptcy. This is an important distinction. If you find yourself with poor credit and a poor credit score but are not drowning in debt, what a counselor will suggest is what you already know: be disciplined to create a workable budget and stick to it while you work out repayment plans for any creditor with which you are in arrears. Now if you have tried to do this with little success you … [Read more...]
Credit Repair Scams
June 12, 2009 By Leave a Comment
When a person falls behind on their debt, things can be overwhelming. They may be laden down with harassing calls from debt collectors. Or worse, they might even have to go to court because a creditor, fed up with not getting their money, decided to take legal action. A person’s difficulties with debt are even more exacerbated if they are trying to buy or rent a house because of their bad credit report and credit scores. For all of these reasons many will be tempted to turn to credit … [Read more...]
Understand Your Rights with Credit Repair Companies
June 4, 2009 By Leave a Comment
If your finances are spinning out of control it may make sense to get some help. The first task is always to help yourself. Stop and assess your debts and credit history and work on a new path of debt management and credit repair on your own. No matter how difficult credit and debt problem may become, the first step is stop and evaluate what the problems are. Look over your budget, review your bills and review your credit report. Read about all the tools and techniques to reduce debt … [Read more...]