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Tag Archives: credit score

I Would Like to Consolidate My Debt, However I’m Having a Difficult Time Finding Someone Who Will – Laurie

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“Dear Steve, I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time finding someone. Also, my main problem is that I have a Bank of America card fo 12,000 that they just raised my interest ... Read More »

    Opal Writes In “I’m Worried About Hurting My Credit If I Close Credit Card Accounts”

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    Opal “Dear Steve, I have two or three credit card that are debt free. Should I close these accounts since I don’t use them and don’t need but one active card? Would it go against my credit to close these? Opal” The Answer   Dear Opal, As strange as this may sound, with only two or three credit cards to ... Read More »

      What in the World Do I Pay First to Clean Up My Credit Report? – Susan

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      “Dear Steve, I have a lot of charge offs and medical bill collections, I also have a few good accounts on file. What in the world do I pay first to clean my report up? Susan” The Answer   Dear Susan, First, get a copy of your consolidated credit report. This consolidated credit report is the same one I use ... Read More »

        A Quarter of People Have a Credit Score Below 599

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        It’s no surprise that people struggling to makes ends meet would wind up with a bad credit score after maybe maxing out their cards, missing a payment or landing in collections. The Associated Press is reporting that FICO has stated that the credit scores for more and more people are sinking to new lows. The block of consumers that had ... Read More »

          I Am Getting Married And We Want to Buy a House But My Credit Isn’t Great. – Kelli

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          “Dear Steve, Hope all is well! My fiance and I are getting married next April and are currently saving to purchase our first home! We are saving around $12,000-$15,000 for the down payment, we are looking to purchase a house no more than $130,000. The only problem is I have 2 charge offs from CC that I had about 2 ... Read More »

            Do I Really Have to Default on My Debts to Go Into a Debt Settlement Program? – Mark

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            “Dear Steve, I’ve considered both the Debt Management and Debt Settlement routes, but was told that I must first default on all of my cards before pursuing the latter. This strikes me as an extraodinarily risky move to make (the default interest rate on most cards is astronomic). Is there any way to pursue Debt Settlement without first defaulting; or ... Read More »

              I Have Mental Health Issues. How Can I Reduce My Debt? – Mel

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              Mel “Dear Steve, I have a charged-off bank account, a charged-off cell phone bill, a charged-off credit card, and have not paid anything on another credit card for almost 6 months. The bank account received several overdraft charges that were a result of a cab company charging me $70 instead of $10, but I didn’t keep track of the receipt. ... Read More »

                How to Be Financially Successful When You Graduate

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                Congratulations! You’ve made it through the starving student years and now you’re ready to start a job and earn some real money. You’re probably thinking about all the things you’ll be able to buy, places you’ll go and things you’ll be able to do when those paychecks start rolling in. Not so fast. If you’re like all the people who ... Read More »

                  Insurance Scores: How Your Credit History Affects Your Insurance

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                  What does the information in your credit report have to do with your automobile or homeowner’s insurance? Perhaps more than you think! Many insurance companies these days use insurance scores to help determine eligibility for their policies, evaluate policies for renewal and sometimes to determine rate discounts. Insurance scores are popular with insurance companies because they have been proven to ... Read More »

                    How to Get All the Cheap Credit You Want

                    Interest Cost to Pay Off Various Credit Card Balances

                    Today, the average person pays between 16 and 17 percent on credit card balances. While interest charges may seem low when you look at the monthly charge on your statement, over the long run they can really add up. In fact, the average person can put a hundred bucks or more in his or her wallet just by getting a ... Read More »

                      Carol Wrote Me And Asked “Would You Advise Debt Consolidation?”

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                      Carol “Dear Steve We are in debt up to our eyes. We are not behind in anything. We didn’t want to get to that point. We were denied financing our house for a longer period of time–our debt to credit ratio wasn’t good enough. However, we didn’t want to borrow any extra money. Would you advise a debt consolidation? Carol” ... Read More »

                        Credit Scoring: How it Works and How You Can Improve Your Score

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                        What Is Credit Scoring? If you have tried to get credit, a loan or a mortgage, you may have had your credit information graded for risk potential. This is called “credit scoring” or “risk scoring.” Credit scoring is one factor that lenders or creditors consider to determine if they should give you a loan, a mortgage or extend you credit. ... Read More »

                          I Have Poor Credit From a Divorce. How Can I Improve It? – Natalie

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                          Natalie “Dear Steve, I have poor credit due to a divorce, I have SEVERAL collections and one judgement against me. I do not know in what order I should start to pay them off.. or if at all since some of them will begin to “disappear” off my credit report soon due to the seven year. rule. I am wanting ... Read More »

                            I’m Worried That Credit Solutions is Not Communicating With Me. – Samantha

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                            Samantha “Dear Steve, I had good credit and was paying my bills on time, then litterally overnight I realized I couldn’t make the payments any more and my cards were maxed out. I joined Credit Solutions, a debt relif group. But now my credit score has drop dramatically and little communication from them makes me wonder if I made the ... Read More »

                              What is The Best Way For Me to Get a Loan? – George

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                              “Hi Steve, I am 36 yrs old, I have only one credit card and I am no longer using it and it has about a $20K balance that I am finally making progress to paying off. I am also now finally contributing to a retirement account and a savings account. All this is not easy but im making sacrifices The ... Read More »

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