The goal of this article is to provide concise answers to some basic credit repair questions, and provide strategies to legally repair your credit score after late credit card payments, and/or judgments have negatively impacted your credit score. Entering the term ‘credit repair’ into Google yields over 240 million search results. As you probably know, […]
Bogged down in the dark and bottomless abyss of impending debts? We all know the drill. You promise yourself that this is the last time you’re using your credit card this month. Soon after, follows a series of “necessary” and “unavoidable” expenses that, yet again, thrusts you deeper into never-ending debts. According to the Federal […]
If you are being sued and have not answered your complaint, the chances are that the creditor got a default judgment against you. What this means is that they will legally be able to come after your bank account and wages by garnishing them. If you have a default judgment against you, or are in […]
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The term “open end credit plan” means a plan under which the creditor reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and which provides for a finance charge which may be computed from time to time on the outstanding unpaid balance. A credit plan which is an open end credit plan within […]
It is highly advised that anyone paying credit card debt take part in debt consolidation. Credit cards can carry a much higher interest rate than an unsecured loan from a bank. With debt consolidation one takes out one loan to pay off many others, and this is often done in an effort to secure a […]
There are credit cards specifically designed for students over the age of 18. American college students can begin building their credit history with student credit cards. It is also useful for everyday expenses such as utilities and groceries, apart from using it for larger purchases, rent and mortgage loans. Most student credit cards offer rewards […]
Among the top 10 worst things you can do to your credit record is having a court judgment filed against you for unpaid debt. It is important to understand that any court judgment against you for unpaid debt to a business or individual will remain on your credit report for seven years. Therefore, the answer […]
Debt restructuring is a process that allows a private or public company, or sovereign entity facing cash flow issues to reduce and renegotiate its delinquent debts so they can improve and restore liquidity. Debt restructuring helps these organizations who are in financial distress rehabilitate so they can continue their operations. They also use it to […]