Last week was a bad week for the credit card giant Chase. Plagued with online services problems, their internet commerce site went down on Monday night September 13, 2010 and was out all day Tuesday the following day. Chase reported that their site was available again on Wednesday for customer access but online users were greeted [...]
Having large amounts of debt can cause many problems we all know. We blog about it here all the time. Debt affects credit score, your ability to get new loans, and even a new job. What we haven’t talked about yet is the strain it puts on your personal relationships. Sometimes the hidden debt isn’t even [...]
Job seekers today are finding it a difficult search for employment. Layoffs, cutbacks, and a rather sluggish economy have made a time of it for people looking for work. There is now however another obstacle that people may not realize when interviewing for positions; credit checks. An ever growing number of employers are now using [...]
People seeking mortgages these days are now being warned from racking up credit card debt during their mortgage closing time. In fact, Fannie Mae now requires that all lenders double-check the borrowers financial history right up to the last minute before closing on the loan. If additional charges are noticed or the financial landscape of [...]
I am writing this because it came up again yesterday with a potential client. This individual had 3 credit cards with Chase. Their personal savings and checking accounts were also with Chase. This is a potential ‘banking conflict’ where your ‘liabilities’ (credit cards) are with the same bank as your ‘assets’ (checking & savings account). [...]
On August 22, new rules will been implemented which will protect credit card customers from high late fees and other various penalties. In summary, the newest credit card ‘rules’ prevent creditors from charging more than $25 for late fees. They also prevent cardholders from receiving more than one penalty or fee on a single [...]
We get this question all the time: ‘What will my credit score be after debt settlement (or debt resolution)?’ This is a tough question to answer because of the complexity of how a FICO score is computed. Reference the adjoining FICO credit score chart.
35% is based on your on time payment history (only payments 30 days [...]
We are pleased to announce our ‘Refer A Friend Program’ so that you can help someone get out of debt! Unlike debt settlement or debt consolidation, our debt elimination program is unique. As such, we are spreading the word! Help a family member, a friend, or someone you might know eliminate their debt today. Enroll your [...]
