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Tag Archives: credit score

Inside Information on Credit Reports and Credit Scores

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How The Financial World Judges You Today, your credit report and credit score dictate how much you pay for credit, insurance and other services. It is the measurement others use to determine their risk in doing business with you. Having a professional review your credit report and credit score with you are critical to saving money, avoiding identity theft and ... Read More »

    Lower Your Car Payment. Skip It, Lower Your Interest Rate and Get Cash Back

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    Here is a little financial tip that I’ve used in the past but I keep forgetting about. Refinancing an existing auto loan to lower interest rates and monthly payments. I just got an email that a client was instantly approved for an auto loan refi and that’s good news. You see when this particular person bought their car their credit ... Read More »

      I Have Paid Debt I Want Removed From My Credit Report. – Sara

      Ready to Collapse

      Sara “Dear Steve, I had 5 outsanding debts, that I never paid any payments on from 2004 I took out a small loan, and paid them all off in 2006(which I have paid on time to this day). Now that all five accounts are closed, How do I get them to take it off my report? Do I have to ... Read More »

        Should I Wait to File Bankruptcy Until My Credit Score Reaches a Certain Point? – Jennifer

        Ready to Collapse

        “Dear Steve, I am considering filing for Chapter 7 bankruptcy. I have $20,000 in credit card debt from a business that I worked for, which went under without repaying any of the money they owed me. I don’t want to file for bankruptcy, but my monthly income is all taken up with basic necessities, and I have one of the ... Read More »

          Pam Asks “Does a Deferred Student Loan Lower Your Credit Score”

          Ready to Collapse

          “Dear Steve, I have $40,000 in credit card debt but have never missed a payment.I am trying very hard to make more than the minimum payment. I have a long credit history with no late fees ever. My credit score is about 750. I have 3 kids in college and have outstanding deferred students loans that I have cosigned. I ... Read More »

            Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC.

            Debt Settlement Companies?

            Consumer debt is a world of double standards. On one hand you have advocates screaming about the evils of debt settlements or that groups that charge people for professional help to do debt settlements are ripping off consumers because settling debts is something that anyone can do. Don’t get me wrong, I’m not a huge fan of debt settlement plans ... Read More »

              I’m Trying to Get Rid of Medical Debts. – Kim

              Ready to Collapse

              “Dear Steve, Hi, I recently been trying to raise my credit score. I have fair credit; my issue is getting rid of medical bills that’s my main issue. iI am 41 yo and my debt is $7,000 in 95% being medical. Can you help me sort this out? Thank You. Kim” The Answer   Dear Kim, The best way to ... Read More »

                Bad Credit Debt Consolidation – Brutally Honest Advice

                Bad Credit Debt Consolidation Loan Scam

                I could not help but notice the huge numbers of people searching for information for bad credit debt consolidation information. The phrase is almost an invitation for a bad outcome or maybe just an oxymoron. When you have bad credit it is not an invitation for a debt consolidation loan from a debt consolidation firm. People that lend money are ... Read More »

                  We Had Excellent Credit But Now We Live Month-To-Month. – Jen

                  Ready to Collapse

                  “Dear Steve, We are a young family of four. My husband nets $890 per week. Our mortgage is $362 every week. ($196,000 @ 5.5% 30 year fixed) I do not work but stay home with two little ones… daycare costs prohibit me working. We are swimming in credit card debt. A total of $17,193 from 5 cards with monthly minimums ... Read More »

                    Secret Credit Bureaus You Don’t Know About, But They Know About You

                    Ready to Collapse

                    So let me tell you a story about secret credit bureaus that you don’t know about. Most of us have some knowledge about the three major credit bureaus that hold our credit report and credit score. The three biggies are Equifax, Experian and Transunion. But there are more places that hold information about you. Have you ever heard about Innovis? ... Read More »

                      Debt Settlement Companies Draw Wrong Conclusion About Recent FICO Score Facts

                      FICO

                      In a press release by Morgan Drexen (Morgan Drexen Warns Consumers: If You Choose Bankruptcy You Could Face a Devastating 240 Point Decline in Your FICO Score) the debt settlement company draws the conclusion and states “Perhaps the difference between debt settlement and bankruptcy, when it comes to FICO scoring, is simply this: through debt settlement, the consumer is making ... Read More »

                        How Much For How Long Would a Settlement Hurt My Credit Score? – Leanne

                        Ready to Collapse

                        “Dear Steve, I have credit card debt on one card of $18,000. They are willing to settle with me through their settlement dept. for $10,800. I am only making the minimum payments on this account. My credit score is in the 7 hundreds and I don’t want to do much damage because I would like to buy a house in ... Read More »

                          How Can I Increase My Credit Score in the Next Couple of Months? – Kristine

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                          Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question. Click here. “Dear Steve, I have a credit score of about 458 ... Read More »

                            What Can I Do to Get My Husbands Credit Score to Go Up Instead of Down? – Aubrie

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                            Aubrie “Dear Steve, My husband and I are trying to refinance our home. In order to be approved we need a credit score of 620. My husband had a few medical collections on his credit report, so I payed them off. His score went from 609 to 575. Why would paying off old collections cause my husband’s score not only ... Read More »

                              My Credit Score is Dropping. Is Yours?

                              Ready to Collapse

                              I am pissed off. I carefully monitor my credit report and credit score. In fact I just refreshed my consolidated credit report again today and guess what, my score from all three credit bureaus has dropped. But the spread among all three is now 17 points different rather than the 19 points that it was. Credit scores are not designed ... Read More »

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