I’m a good debater – I can make an argument out of anything, which is one of the reason I enjoy writing. Recently, I listened to a conversation over whether or not the current credit scoring was fair to the consumer. I argued both sides successfully to the frustration of my audience. [...]
Entries Tagged as 'Good Credit'
Is the Credit Scoring System Fair? A Viewpoint Which Agrees
October 27th, 2009 · No Comments · Consumer Info, Credit Reports
Tags: Apply Online·bad credit·Credit Reports·Credit Scores·Credit Scoring System.·fair·Good Credit·lenders·Mortgage·personal responsibility
Turn and Burn – a Highly Profitable Foreclosure Strategy
October 13th, 2009 · 1 Comment · Credit Reports, Mortgages
The “turn and burn” a.k.a. “buy and bail” strategy – is a method sometimes used by people whose homes are “underwater”. It is increasingly used by the wealthy with very large mortgages whose homes are worth significantly less than what they owe. This little trick reared its ugly head after the housing market [...]
Tags: Buy and Bail·Credit Scores·Economic Meltdown·Good Credit·investment loans·Making Homes Affordable Program·pay with cash·turn and burn
Tips For Managing Your First Credit Card
September 7th, 2009 · 1 Comment · Credit Cards
Whether you obtain your first credit card at age 18 or 88, it is critical to learn how to successfully manage this financial tool. Although receiving approval for your first credit card is certainly a milestone to be proud of, equally important is the requirement to use it responsibly so you do not end up in serious debt [...]
Tags: build credit history·Credit Cards·first credit cards·Good Credit·guide first-time credit card holders·young people and credit cards
Credit Bureaus Employ Illegal Methods to Investigate Disputes
July 23rd, 2009 · 6 Comments · Credit Bureaus and Scores, Credit Repair, Credit Reports
Once again, my favorite consumer attorney, Leonard Bennett, is taking the credit bureaus to task. He contributed to a January 2009 report to the FTC which documents the way credit bureaus investigate consumers disputes (the report was written by Chi Chi Wu). It concludes credit bureaus are breaking the law [...]
Tags: automated investigations·Congress·credit report disputes·Credit Reports·eOscar·Equifax·FCRA·FTC·Good Credit·information furnisher·investigations·Leonard Bennett
