by admin on October 30, 2009
Credit means money loaned to the consumer either by secured or unsecured method. Secured lending is the mortgage on your personal residence or your car while unsecured lending is the consumer’s credit cards. The lender’s who issue credit cards establish an initial credit limit to the consumer. Use your credit cards responsibly. A good credit [...]
by admin on September 21, 2009
Is it too late to get a handle on your finances? Today’s consumer is facing overwhelming unsecured credit card debt. This debt continues to mount each month even if the consumer has started to tighten their financial belt. Under a debt settlement program the consumer needs to be willing and committed to working themselves out [...]
by admin on August 4, 2009
What do I need to look out for and stay away from if I am going to sign up for one of these programs? • Large up front fees. CCCS will typically charge you a $10 set-up fee. If you are paying more than this you may want to look elsewhere. There are hundreds of [...]
by admin on August 4, 2009
You’ve probably seen Consumer Credit Counseling ads on TV promising hope for those who are drowning in debt. Consumer Credit Counseling services (CCCS) offer what seem to be a magical pathway to getting out of debt. CCCS negotiates payment schedules with their client’s creditors and all the client has to do is make monthly payments [...]
Does dept consolidation ruin your credit? I hear this question a lot. There was a time when doing a debt consolidation program was the same as doing a chapter 13 bankruptcy. If you wanted to buy a home while in a credit consolidation program forget it. A mortgage underwriter would not even look at your [...]