Repair Credit After Bankruptcy

Repair Credit tip 1. Keep your real accounts you have
Some individuals suppose that credit repair after bankruptcy is much easier if the bills they didn’t shut down in the process are held open and are managed like they are fragile china. Take care to fill these bills on time, every time. Do assure that some [...]

Card Firms Add Inactivity Fees to Slow Revenue Loss on Defaults

Amy Schiffman has had a Fifth Third Bancorp credit card for eight years to guard against unexpected overdrafts on her checking account. Now the bank wants to charge her $19 for not using it.

“If you’re not thinking about the card, you might forget to pay the fee, and then you’ll be facing another late fee [...]

Personal Finance – How to Protect Your Identity

Every year an estimated 9 million Americans lose out to identity theft, according to the Federal Trade Commission. Experts say identity theft increases during the winter holiday season, which makes sense: all those credit card swipes and gift cards make plenty of noise to mask mischief.
So while you’re bustling around in holiday hoopla, slow [...]

Beware of debt relief scams

It’s a common scam, but you hear the ads on radio and television all the time. They can’t all be lying, right?
“Let us dramatically reduce your debt!” “We can save hundreds, maybe thousands, of dollars on your high interest credit card bills!” “Find financial freedom!”
Hogwash.
OK, it’s not all hogwash. But all too many companies make [...]

Credit card offers banned on college campuses

A new federal law passed May 22 as an amendment to the Truth in Lending Act prevents credit card companies from offering college students incentives to sign up for credit cards on or near campuses, or at events sponsored by or related to universities. Titled the Credit Card Act of 2009, the law also requires [...]

San Jose Bankruptcy Attorney helps you decide if bankruptcy is the right option for you

Are creditors calling and harassing you day and night?
Are you at risk of losing your home to foreclosure?
Are you facing a wage garnishment?
Have you recently lost your job or had a reduction in income?
If you answered yes to any of the above questions then bankruptcy may be the right solution for you. When bankruptcy was [...]

Advice on Budgeting Money

One of the hardest hings for people to do is save money. Our economy is built on consumerism and there are many temptations to spend money. However, with the economy doing poorly and jobs insecure, now it is even more important to make sure you have a nest egg for a rainy day. Luckily, there [...]

Filing for bankruptcy is no easy out

Filing for bankruptcy is the last resort in personal finance — the rope thrown to someone stuck in a quicksand of debt. Drowning in debt is as serious as it sounds, but declaring bankruptcy is no easy out — it carries serious consequences. These consequences include increased difficulty in securing loans, apartments, cars, insurance and [...]

Credit Card and Home Equity Loan Delinquencies to All-Time Highs

The combination of a shrinking economy, high unemployment, and a deteriorating housing market, are pushing strapped U.S. borrowers over the edge. According to a report published Tuesday by the American Bankers Association [ABA], delinquencies on the value of all card debt spiked to a record 6.60% from 5.52  % in Q4 as more cardholders relied [...]

SCAM ALERT: Credit Repair Scams

It’s happened to so many of us; we get behind in our payments and suddenly our credit score starts dropping. But as ABC2 News Joce Sterman explains, turning to those so-called credit repair companies won’t bail you out of trouble.
It’s so easy to fall into the trap, in these tough times, many of us end [...]

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