credit cards
Clark Howard Show Notes – November 30, 2009
Clark Howard Show Notes – November 30, 2009; Administration ups pressure on banks to help homeowners with loan modifications; Bank of America clearly spells out credit card terms; home sales rise to highest level in 2.5 years; are you in loan modification hell? Here’s how to find the CEO of your mortgage lender, and a link to the kind of letter you should write; New ThinkGlink Ebooks on INVESTING IN REAL ESTATE; FREE BOOKS and EBOOKS; low speed tax credit information;
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 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.
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.
Can’t Pay Credit Card Bills? Try To Use Home Equity Loan
If you can’t pay your credit card bills or your real estate taxes, you may be able to try to take out a home equity loan to get cash to pay your bills. However, home equity loans are increasingly hard to get from banks right now. If you find that you can’t pay your credit card bills and other bills, you might want to consider selling your home and use the equity to pay off your credit card bills and property taxes.
Pay Off Debt To Raise Your Credit Score and Improve Credit Report
Once you pay off your debt and you want to raise your credit score and improve your credit Report and history, try to negotiate with the credit card company to report your debt as “paid as agreed” and remove any negative information from your credit report.
Raise Your Credit Score By Improving Your Payment History
Your credit report will show your overall payment history, not individual credit card purchases. Your credit report will show any credit accounts you have, your payment history, if you have been late on payments, if the account were closed or if the credit company charged them off. You need to work to raise your credit score by improving your payment history.
