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 [...]
Entries Tagged as 'bad credit'
My Mom Opened a Credit Card in My Name and Defaulted On It
April 15th, 2011 · 1 Comment · Identity Theft
Tags: bad credit·Credit card·Credit Card Company·defaulted card·Fair Credit Reporting Act·family fraud·id theft·police report
To File or Not to File – That is the Bankruptcy Question
March 8th, 2011 · No Comments · Bankruptcy
If your credit card debt has gotten out of control and you can’t pay on them any longer, you might be considering bankruptcy (BK). You may have heard conflicting advice about whether or not to file. Dave Ramsey advocates not filing, and I tend to agree with him. Why don’t I recommend it? The biggest [...]
Tags: bad credit·car payments·Chapter 13·Chapter 7 BK·Credit card debt·Dave Ramsey·Mortgage·pros and cons·protection from creditors
What to Expect of New Credit Scoring Systems
February 2nd, 2011 · No Comments · Credit Bureaus and Scores
There are now more than 100 credit scoring systems in circulation, any number of which may be used in combination with the FICO score as the determining factor in the credit approval process.
Tags: bad credit·credit·Credit Scores·credit scoring·credit scoring systems·credit worthiness·Deposit Behavior Score·FICO·FICO scores·repair bad credit
My Home is Falling Apart and Underwater – Repair or Walk?
November 30th, 2010 · 4 Comments · Mortgages
Q. I’m stuck in a home that is literally falling apart. It’s not worth what I owe, not even close, and it’s not worth putting money into. I feel trapped. I’ve got good credit and have debated about buying a new home and letting this one go, but I’m afraid of what will happen, i.e. [...]
Tags: bad credit·being sued·foreclosure·Good Credit·Mortgage·underwater·underwater mortgages
