HOW TO: Destroy Your Credit Score
Posted on October 11, 2007 - Filed Under Credit Repair, Credit Report, Credit History | 1 Comment
There are hundreds of articles out there detailing ways to improve your credit score. Damaging your credit score is something most people do not have a problem with. Analyzing the reasons for killing a credit score is important in order to fix the problem. Here are six ways to kill your credit score:
Be a big spender […]
Read More..>>Prepayment Penalty On Mortgages
Posted on September 14, 2007 - Filed Under Loans, Debt, Real Estate, Credit Report, Unexpected Expenses | 1 Comment
There are certain times when you come across blatantly obvious unethical tactics used by corporate America to squeeze out more profit by misleading consumers. One of the most sinister tactics of the subprime loan industry was the burying of a prepayment penalty in the mass of documents signed at a house closing. FreddieMac describes a prepayment penalty as “an option that […]
Read More..>>Car Dealer’s Worst Nightmare: Cash or Pre-arranged Loans
Posted on August 9, 2007 - Filed Under Loans, Debt, Credit Report, Saving | 5 Comments
Car dealers can make up to 75% of their showroom profits on extras including arranging auto loans and leases, extended warranties, anti-rust coatings, tire and oil change plans according to a recent NY Times article. When borrowing through the dealership it is much easier for the dealer to persuade the buyer to roll up many […]
Read More..>>In Debt We Trust Documentary
Posted on July 5, 2007 - Filed Under Credit Cards, Credit Report, Financial Planning, Saving, Spending | Leave a Comment
I recently came across a new consumer debt/personal finance documentary, In Debt We Trust, that Netflix recommended to me after renting Maxed Out. I am unsure of which was produced first but they are very similar in content and structure. Consumer debt in America is a topic that can be discussed and analyzed endlessly in […]
Read More..>>Checking Your Significant Other’s Credit Score
Posted on May 8, 2007 - Filed Under Credit Report, Relationships and Money | 2 Comments
I just got done reading Cap’s post titled Tuesday Train Wreck - The Financially Challenged Husband and it made me curious as to when other couples begin to talk about money, and go so far as to show one another their credit scores/reports. Having just moved in with my girlfriend a couple of months ago we have […]
Read More..>>How To Dispute Any Item On Your Credit Report
Posted on May 3, 2007 - Filed Under How To, Credit Repair, Credit Report, Credit History | 2 Comments
Credit bureaus collect billions of pieces of information every month. Lets just say for example they have a .01% error rate, even though its probably higher. That translates to millions of mistakes each month. Bottom line is we all need to be responsible for ensuring our credit report is as accurate as possible. Below I am going to […]
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