If you ever asked "How can I get out of debt", you came to the right place. Read on . . .
How Your Credit Rating is FiguredPermalink -- click for full blog post "How Your Credit Rating is Figured"
Establishing Good Credit From the StartPermalink -- click for full blog post "Establishing Good Credit From the Start"
What Your FICO Score MeansPermalink -- click for full blog post "What Your FICO Score Means"
Interest Free Credit CardsPermalink -- click for full blog post "Interest Free Credit Cards"
How to Improve Your Credit ScorePermalink -- click for full blog post "How to Improve Your Credit Score"
Keep it Simple StupidPermalink -- click for full blog post "Keep It Simple Stupid"
My Personal Debt AdvicePermalink -- click for full blog post "My Personal Debt Advice"
Bankruptcy Might Be Your Last ResortPermalink -- click for full blog post "Bankruptcy Might Be Your Last Resort"
Dealing with Debt CollectorsPermalink -- click for full blog post "Dealing with Debt Collectors"
Beware - Take Time to InvestigatePermalink -- click for full blog post "Debt Management - Things to be Wary of"
A Debt Management Program to Get Out of DebtPermalink -- click for full blog post "Debt Management Program"
Strategic default is a strategy some people who cannot afford their mortgage are employing. Basically they stop paying their mortgage payments and walk away from their home.
This is seen as a last resort and, depending on the state you live in, may not clear you of your obligation.
Bankruptcy is probably the better way to go if you are going to have to pay the difference between what you owe and what the house brings at auction.
No matter which of these routes you take, suffice it to say your credit rating is going to plunge. But sometimes it's just unavoidable.Permalink -- click for full blog post "Strategic Default"
At one time, your credit score was a big secret known only to financial companies and banks.
With the FACT Act, legislators decided that it was important for individuals to know not only what their personal credit scores are but how they are calculated and how to improve them.Permalink -- click for full blog post "Credit Score Fact"
We'll start to discuss how your credit score is determined. Let's start with . . . Age,
Your age is the first factor but, obviously, there is nothing you can do about it. Don't lie about your age. That should be obvious but you can get into some serious trouble if you play that game.
If you are between the age of 24 to 64, you will get one point. Any age bellow or above that doesn't give you any points.Permalink -- click for full blog post "Credit Score Check List"
Loan approvals and any other credit matters depend on your credit score. This is what determines if you can get credit, what your interest rate will be, and how much money potential lenders are willing to give you. A good median score is 750, but the higher your score is, the more financially sound you are.Permalink -- click for full blog post "Credit Score"