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Entries from December 31st, 2008

A Real-Life Debt Settlement Application

December 31st, 2008 · 6 Comments · Consumer Debt, Credit Counselor Front Lines

Thought you all would like to see this. A friend of mine took it upon himself (I really had no hand in it!) to play test rat with a debt negotiation company and see what they would tell him about their services and fees. Here are his results:
For fun I called an 800 [...]

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Taking the Mystery Out of Credit Card “Minimum Payment” Requirements

December 30th, 2008 · 3 Comments · Banking, Consumer Debt, Credit Cards

If you are one of the savvy consumers who pays off their credit card balances in full each month, the required minimum payment “mystery” is probably of zero interest to you. I admittedly am one of the few and proud, using the minimum payments strictly when I have taken advantage of a zero interest credit [...]

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2009 Could be the Biggest Cyber ID Theft Year Ever

December 29th, 2008 · No Comments · Identity Theft

Did you hear the one about 36-year-old Rene Rebollo who spent his Sunday nights last summer copying a total of more than 2 million of Countrywide’s customer records and selling it to identity thieves? You ain’t seen nuthin’ yet.
According to numbers released November 18 by the Identity Theft Resource Center, financial institutions were responsible [...]

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How to Manage Your 401K for 2009

December 26th, 2008 · No Comments · Banking, Consumer Info

My sister works for a financial services company and seems to always be on the money, if you’ll forgive the pun. Last night she was explaining a few things to me about 401Ks, and I thought it would make a great blog post. I may know a thing or do about credit [...]

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