credit card debt
The End Of Universal Default: Foreclosure Will Not Raise Credit Card Interest Rates
In the past, Universal Default could make your credit card interest rates go up. If you went into foreclosure on your mortgage, your credit card company could increase your interest rate because of universal default. Under the new credit card legislation that goes into effect February 2010, universal default will not be allowed, based on foreclosure or anything else not related to your credit card. Take the time after foreclosure to concentrate on paying off your debt and raising your credit score.
Ilyce Glink Show Notes – November 15, 2009
Ilyce Glink Show Notes – November 15, 2009. Today on the show, we discussed the new Fannie Mae Deed For Lease Program in Detail; the new CreditKarma Survey on credit card debt; The October 2009 Realty Trac Foreclosure survey; Divorce and Mortgages; Mike Rose, a senior loan officer with Bank of America, came on to talk about some of the new mortgage rules with regard to divorce and FHA; Peggy Abkemeier, President of Rent.com discussed a new survey of investment property owners. NEW EBOOKS ON INVESTING IN REAL ESTATE; EBOOK SPECIAL.
Credit Reporting Agencies And Your Debts
Credit reporting agencies or bureaus collect information from thousands of sources.
Do the major credit reporting agencies obtain information from sources outside of the United States?
Do Equifax, Experian and TransUnion get that information from overseas?
Social Security Garnishment: Can It Happen To Me?
Social Security garnishment. Can a creditor go to court to garnish your Social Security benefits? Can the Federal Government ever garnish your Social Security benefits? Can your bank allow your Social Security benefits to be garnished? How can you prevent that from happening?
Credit Score – Is Your FICO Score Relevant?
Credit Score – Is Your FICO Score Relevant? Each week on my show, we discuss credit scores and how to raise them. We also discuss how to remove errors. Having a great credit score will help you get the best deals on credit – should you need to get a credit card, auto loan or a mortgage. But having a great credit score will also help you get a lower insurance premium and may even help you get a job. One of my WSB listeners says that Clark Howard and I are directly opposed to Dave Ramsey on the issue of FICO credit scores. Is that right?
Dave Ramsey Says FICO Credit Scores Are Irrelevant
Dave Ramsey says credit scores are irrelevant. Are they? A WSB listener claims Dave Ramsey says to get out of debt and that FICO credit scores are not what they seem. Dave Ramsey says FICO credit scores are the “I love debt” score because there’s no way to get a great FICO credit score without getting into debt and staying in debt. While I agree with a lot of what Dave Ramsey says, I disagree with that premise. Here’s why I think FICO credit scores are relevant to your life today.
How Much Should I Save Each Month and For Retirement
How much should I save each month? That’s a question many Americans are pondering in the aftermath of the Great Recession. Some things never change: The more you save earlier in life, the more savings you’ll have for retirement. This article includes money-saving tips, as well as a discussion of short-term and long-term financial goals, including saving for retirement. Also included are tips to help you plan our how much you should save each month.
Ilyce Glink Show on WSB Radio – September 6, 2009
Starting this week, listen to the Ilyce Glink Show at a new time. From now through the end of football season, catch Ilyce live on Sundays on WSB Radio in Atlanta from noon to 2 p.m. Today on the Ilyce Glink Show, Ilyce talked to a caller who wanted to know how to dispute his credit card rate being raised, after he thought he locked in a lifetime guarantee rate of 7 percent. Ilyce also talked about whether or not you have to pay taxes on your debt, and what to do if a debt collector reports old debt as income. We have more updates on the mortgage servicing situation with Taylor Bean and Whitaker. Your comments are coming in, and we’re trying to find you answers. See all of the Taylor Bean and Whitaker updates at ThinkGlink.com. For more information about today’s show and helpful links, see Ilyce’s blog
Ilyce Glink Show Notes – September 6, 2009
Ilyce Glink Show Notes: Credit; Texas Consumer Complaint Center; Taylor Bean & Whitaker update; How to Profit From Foreclosure early bird special with discount; VA loan modification; loan modification hell; Clark Howard fill-in tomorrow.
How to Improve Your Credit Score and What Makes A Good Credit Score
What makes a good credit score? What makes a bad credit score? How do you improve your credit score? Opening new lines of credit, using all of your available credit, making late payments, or not paying in full can all lower your credit score. The easiest ways to improve your credit score include keeping your credit accounts open for a long time, not opening new credit, having different kinds of credit account, and making your payments on time. Ilyce Glink shows how a credit score can be dropped very quickly, but it takes a long time to build up a good credit score. However, it is possible to improve your credit score over time.
