Credit Cards Content Index - Page 1

What should you know about the business practices of credit card companies? How do credit card companies change credit card limits? What reasons do credit card companies give for changing credit card limits? How can you protect yourself when using a credit card? Learn more here about credit cards and your personal finance.

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.

**Mortgage Problems Can Lead To HELOC Foreclosure** Many borrowers have two loans on their property: one loan is with a first lender and the second loan is with a home equity line of credit lender (HELOC). In some cases the loan may not be a HELOC, but rather a second loan. In any case, if you are having mortgage problems or mortgage troubles and stop paying either the first lender or the HELOC lender, you might be in big trouble and going down the road to foreclosure. Foreclosure is one option lenders have, but you might be able to negotiate a solution before foreclosure.

**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?

Debt overload or overboard? A small business owner is facing off with the recession. On one hand, he has to refinance his debt to stay afloat. On the other hand, navigating the complicated waters of small business loans has him confused. A miracle phone call seems to answer all of his needs and provide him with the money he needs to retain his employees. How can you find out if an offer is a scam or if it can truly help save your business?

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? 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 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? 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.

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](http://www.thinkglink.com/taylor-bean-whitaker-mortgage-company) updates at ThinkGlink.com. For more information about today's show and helpful links, see [Ilyce's blog](http://www.thinkglink.com/blog/2009/09/06/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.