Credit card debt law, including the new Credit Card Accountability Responsibility and Disclosure Act of 2009, gives you, the consumer, significant rights. The new Credit Card Law came into effect in February of 2010 and requires companies to actually mail bills at least 21 days prior to the due date of the bill.
Posted under credit cards, debt collectors, manage your finances
This post was written by fixbadcredit
A foreclosure will negatively impact your credit rating, and because of it’s negative impact on your credit rating, you should only do it as a last resort. A foreclosure can penalize your FICO credit score by as much as 200 or even 300 points. For example, lets say that you had 800 as your credit score, meaning you have excellent credit, then your going into foreclosure can bring that credit score down to a FICO score of 500. A FICO score of 500 is a very bad credit score.
Posted under credit rating, credit score, fix bad debt, foreclosure, mortgage debt
This post was written by fixbadcredit
Sample “Opt Out” Letter to Send to Credit Reporting Agencies/Bureaus
If you want to stop receiving junk mail and telemarketers from calling, then you need to keep your personal credit report information private. The best way to do this is to send an “opt-out” request letter to the credit reporting agencies/bureaus.
Posted under credit bureaus, equifax, experian, transunion
This post was written by fixbadcredit
The Senate has passed its own version of the new credit card bill and everyone expects that the House and Senate reconciliation will become law within a few weeks. The law goes farther than the new regulations passed by the Fed for mid-2010, and will take effect sooner.
Listed here are the most important benefits:
Posted under debt consolidation, fix bad credit, fix bad debt
This post was written by fixbadcredit
