fbpx

We Setup a Payment Plan With Out Credit Card Companies But They Are Reporting Us 6 Months Late. – Mike

“Dear Lewis, We have some credit card debt due to the economy and all. We have called the credit card companies we owe and set up a payment plan with them to auto withdraw from our account every month. Then after 5 years we are done with them. But after we set up a plan …

Read more

I Signed Up With Money Management International and Now I Have Bad Credit. – Anna

“Dear Steve, About six months ago I signed up for Money Management Internationals Debt Management Program. I pay about a thousand dollars a month and my debt will be paid off in 30 months. I recently saw my credit report and found that because of MMI there have been 12 late payments on my report …

Read more

Credit Card Companies Are Coming For You. Protect the Wife and Children.

I see a new advertising campaign in our future. When Banks Panic You Lose Even though the Federal Reserve has lowered its rate to 1%, banks are raising your interest rates in hopes of making a bigger profit. Oh yes, they are raising your fees or charging news ones as well. At a time when …

Read more

Soon, Where You Shop Will Control Your Credit

Information is already leaking out about the efforts of American Express to closely watch the places their card members shop at as an indication of credit problems. With mounting losses by credit card companies and an avalanche of new bad credit card debt to come, creditors are looking for ways to identify potential high risk …

Read more

Credit Card Horror Stories: Tales of Credit Limit Reductions and Account Closures

Bankrate.com did a story on Friday (sorry for not getting to this earlier) highlighting some of the same stuff that I’ve been pointing out here for weeks. More and more customers are experiencing credit-limit reductions and account closures. Over the course of the past few weeks, Bankrate.com readers have been chiming in with their own credit-card tales. Many of their stories will seem familiar.

Karen Writes In “Ex-Husband Isn’t Paying The Bills and He’s Trashed My Credit. What Can I Do to Repair It?”

“Dear Steve, I have been divorced for one year. Our house was in my name and husbands. He never refnanced or sold the home. His late payments have started to ruin my credit report and credit score. Now it look as if the bank will foreclose. How can I repair my credit and how long …

Read more