Archive for the ‘Consumer Credit’

  • Credit Score – The Main Components>
    Credit Score – The Main Components
    A number of components go into the calculation of your credit score. The algorithm is quite complex and one that most people do not understand and do not need to. However, we have a number of factors listed, and if you happen to be ambitious about achieving a perfect credit score of 850, you can try and adjust or manage your spending in those factors which will maximize your potential for scores. Of course, this is something that is easier said than done, as most people have realized. Payment History – 35 % . . . The payments you make (or dont) to people on a timely basis forms your payment history. The payments on the loans taken out by you are checked for payment history. If you want to make your payment history score better, there is no way other than begin clearing your debts, on time,  [...]
    at July 11th, 2011 at 03:07 am
  • NFCC’s Poster Contest Is Financial Literacy in Disguise>
    NFCC’s Poster Contest Is Financial Literacy in Disguise
    The hefty debt is a common problem with most American. People of America survive in worries regarding repayment of loans and they always search for ways to reduce their debt burden. Consumer credit counseling services agencies help in his issue. These agencies come in different shapes and sizes and several names appear before you when you search for credit counseling agencies. Debtors are sure to get baffled in such a case as to which agency to choose. One of the easiest options to get the counseling service is switching to NFCC (National Foundation for Credit Counseling). It is anon-profit organization that works for the benefit of consumers who are stuck with debt burden. This agency offers financial literacy, debt counseling, debt consolidation and counseling on budgeting. Recently NFCC  [...]
    at February 1st, 2011 at 12:02 am
  • United Way takes Credit Counseling beyond Central New York>
    United Way takes Credit Counseling beyond Central New York
    Recent news on credit counseling in America will bring smiles on million faces. The United Way has decided to team up with Consumer Credit Counseling Service of New York and offer counseling services to people who are suffering from credit, debt and budgeting issues. Consumer Credit Counseling Service of New York or CCCS is non-profit organization that offers financial counseling and related assistance to families and individuals all over central New York. The counselors of this non-profit agency are certified to help individuals with debt repayment and their service is free of cost to people of any income level. So far only the clients of CCCS i.e., people staying in central New York use to avail their consumer credit counseling services. But with the advent of this collaboration with United  [...]
    at January 24th, 2011 at 12:01 am
  • Know Your Rights to Fight Debt Collectors>
    Know Your Rights to Fight Debt Collectors
    Repaying debt has become more difficult for most consumers, especially in an economy where no one except for economists are talking about recovery. Debt collectors are getting more and more desperate, and sometimes they are just downright cruel. Although they are just doing their job, it’s quite a dreadful situation for debtors to manage both debt and collection agencies simultaneously. Debt collectors’ harassment complaints have increased by over 50% last year, as per the data revealed by Federal Trade Commission. The problem is, however, not many consumers are aware about their rights while dealing with debt collectors. It’s legal for them to call you time and again to ask for payment, but they cannot call at your workplace or use abusive language, even if the debt you owe is in millions. Debt  [...]
    at July 21st, 2010 at 12:07 am
  • Credit Card Debt Relief Program by Obama, What Is It?>
    Credit Card Debt Relief Program by Obama, What Is It?
    We all have heard about the new credit card debt relief plan introduced by our beloved President Obama. However, not many people know what is it and how it would help common people. So, let us understand about it meticulously, and outline the major benefits. Although this plan cannot be said to be the most useful thing for debtors, it definitely provides some relief. One can erase personal debt up to 50% to 60% legally, without any chaos. Legally? Without chaos? Without affecting your credit score? How is it possible? Why would credit card companies do such a thing? It means a huge loss for them. I know it’s bit difficult for you to comprehend the situation. But let us try to make it simpler and precise. About a year ago, when Mr. Obama was selected to be the president of the United States  [...]
    at May 10th, 2010 at 07:05 am
  • Troubled Debt Restructuring – An Essential Guide>
    Troubled Debt Restructuring – An Essential Guide
    Troubled Debt Restructuring, or TDR, is a form of concession or discount on debt provided by the lender to the borrower, after reviewing his repayment capability and financial hardships. Such discounts on debts are offered on the loans that the borrower is unable to repay on time. Many times, troubled debt restructuring is given on loans that aren’t past due, but are about to happen, in order to get the loans back on normalcy. Lenders provide debt restructuring to borrowers in two ways. In first case, a valuable asset of the borrower is secured by the lender much before the loan is eradicated. Later, when the borrower fails to repay the loan amount, his asset is sold or used by the lender, to get the money or recover for the losses. This type of Troubled Debt Restructuring is not different  [...]
    at May 6th, 2010 at 01:05 am
  • Pamela Anderson Debt Reaches Around $500,000>
    Pamela Anderson Debt Reaches Around $500,000
    California officials recently revealed Baywatch star Pamela Anderson has outstanding income tax amounting to $493,000. This information was revealed by California Franchisee Tax Board, who also mentioned that five construction companies have filed lien against her house, greatest debt among them being around $674,000, which was used to buy material and labor to modify her home, foundations for her rooms, and building swimming pool. She has appointed tax attorney Robert T. Leonard to handle the proceedings. He has, however, refused to comment any further on the issue. Though she doesn’t expect her new fragrance, Malibu, to repay all her debts, something would be recovered at least. Pamela Anderson debt is too huge to be recovered just be her fragrance. She, however, doesn’t like to owe any  [...]
    at April 27th, 2010 at 01:04 am
  • Debt Management Consolidation Credit Card Plans>
    Debt Management Consolidation Credit Card Plans
    All our shopping today is done with plastic, credit card that is. One isn’t enough to meet our needs, so people have 5, 6, or even dozens of credit cards. Hence, it’s no wonder why people are laden under huge credit card debts. This debt keeps mounting every month and eventually repayment becomes unmanageable. If this problem sounds similar, you can probably seek help from debt management consolidation credit card. By using debt management and consolidation services, an individual is able to get rid of all his debts and annoying calls from the creditors. However, it’s quite vital to know more about such debt consolidation loans before you avail them. You are probably making many payments as of now. However, by availing a credit card debt management loan, you have to make just one payment  [...]
    at February 23rd, 2010 at 10:02 am
  • Debt Consolidation Loans for People with Bad Credit>
    Debt Consolidation Loans for People with Bad Credit
    A debt consolidation loan is one of the most useful, life-saving assets for people having bad credit. It helps to prevent their financial crisis and get their credit back to normal. People in US are harshly affected by global economic crisis. Hence, debt consolidation loans for people with bad credit are one of the most successful businesses in the US. As the name suggests, debt consolidation services help people to merge all their debts into one, which is quite effortless to repay. It’s effortless because the loan provided by such companies can be repaid over a long period. Hence, debtors get a cushion period to accumulate and repay funds. An individual ruins his or her credit history by defaulting payments. However, due to bad credit history, most of the lenders would refuse to grant any  [...]
    at February 23rd, 2010 at 02:02 am
  • Credit Card Debt Consolidation Loans: Get it Easily>
    Credit Card Debt Consolidation Loans: Get it Easily
    If it seems quite impossible to manage your credit cards bills, it’s advisable to contact a debt consolidation company and apply for credit card debt consolidation loans. Along with repaying all the debts quickly, debt consolidation services also help an individual to get rid of irritating calls by creditors. However, before you avail such services, it’s important to know few things about debt consolidation service and loans offered by them. By availing debt consolidation services, all your debts are covered under one loan, which provides you the benefit of making a single payment instead of many. When you contact a debt consolidation company, they usually conduct a debt counseling session to understand your financial condition and your repayment ability. Next, all your credit cards debts  [...]
    at February 22nd, 2010 at 01:02 am