I’ve heard many people say that a short sale is much better for your credit than a foreclosure. I’ve heard people say a short sale only stays on your credit for 3 years. Neither statement is true. A short sale is a black mark that stays on your credit for 7 years, just like a [...]
Entries from April 19th, 2011
The Effect of a Short Sale Vs. a Foreclosure on Credit Scores
April 19th, 2011 · 1 Comment · Credit Bureaus and Scores, Mortgages
Tags: credit report·Credit Score·delinquent payments·Fair Credit Reporting Act·foreclosure·Short Sale
How Will Rising Food, Gas Prices Affect Economic Recovery?
April 18th, 2011 · No Comments · Economy
Though experts predicted economic growth of 3 percent the first quarter of 2011, the rising cost of food and gas could mean growth of just 1.8 percent.
Tags: Budgeting·coupons·economic growth·Economy·food·gas·rising cost·saving
My Mom Opened a Credit Card in My Name and Defaulted On It
April 15th, 2011 · 1 Comment · Identity Theft
Q. My mom opened a credit card in my name and defaulted on it. Now What? A. Identity theft by someone you know is the most common type of this crime. The Federal Trade Commission estimated that in 9 percent of all cases of identity theft, a family member or relative was the culprit. That [...]
Tags: bad credit·Credit card·Credit Card Company·defaulted card·Fair Credit Reporting Act·family fraud·id theft·police report
How the FTC Protects Consumers From Debt Collection Violations [RESOURCE]
April 14th, 2011 · No Comments · Debt Collection
How does the FTC protect consumers from debt collection violations? The answers are outlined in the FTC’s 33rd annual report on the Fair Debt Collection Practices Act (FDCPA) – a long report that I’ve broken down into three blog posts.
Tags: CFPB·Consumer Financial Protection Bureau·debt·Debt Collection·debt collection violations·Fair Debt Collection Practices Act·FDCPA·Federal Trade Commission·FTC
