Posts Tagged ‘education’
Family Credit Management’s President Michael McAuliffe, discusses, Credit Counseling.
When debt starts getting overwhelming, it can be hard to know where to turn and you want a solution now. The problem is, there’s no such thing as a quick fix.
Credit counseling, debt settlement and bankruptcy are three very different approaches to dealing with debt, each with their own pros and cons. However, debt settlement and bankruptcy can be very dangerous.
First, recognize that whether you are dealing with a credit counseling agency, a debt settlement agency or a bankruptcy lawyer, there are untrustworthy people and companies out there. They will smooth talk you with scripted answers to get their hands on your money. There are three things you should always do when considering a company or advisor:
1: Check the company’s record on the Better Business Bureau website. You’ll see that some companies have less than 3 complaints, some have 500 and a few have more than 1000! This is an objective third party source that can give you a good look at a company’s trustworthiness.
2: Check out their licensing status. Different states require different levels of licensing. Even if your state requires none at all, such as Florida or North Carolina, find a company that is licensed in the most stringent states like New York and Michigan.
3: Call the company and talk to them anonymously. If they won’t answer all your questions without getting your personal information, like name and phone number, it’s a warning sign: they want to pressure you into a sale. You should be able to work through your situation on your own terms and get good advice before you make any decisions.
Duration : 0:1:15
The first of a series from UBank, Money Box is the world of finance made simple and easy to understand. In this episode, we will explain what the credit crunch is all about, and how Australians are really saving their money. All with a lighthearted sideways look, Money Box will help you make the most of your money right now.
Download the iTunes podcast here http://tinyurl.com/b5jrht
Duration : 0:2:33
This video offers an introduction to Debt Reduction Services inc. and the services provided. Todd Christensen, The Director of Education for DRS and the National Financial Education Center also offers financial tips in this video. Please call 1-877-688-3328 for more information regarding DRS. Educational services are available at no cost to you.
Duration : 0:2:6
http://www.KaydemCreditHelp.com
Call us: (866) 237-0013
You want to fix your credit, looking for a credit repair company that will raise your credit score? Welcome to Kaydem Credit Help
Rebuild Credit: Insider Credit Repair Techniques to Improve Credit Score Fast!
What’s the fastest way to raise your credit score? To quote the classic magazine salesman from the movie Office Space “That all depends”…
While the removal of negative items from your credit report will almost always result in an increase in your credit score, there is a method that works better.
Here’s why. Adding positive accounts is actually more effective at improving your credit score (in the short term) than removing negative one. Unfortunately, few consumers or credit repair companies know this.
One of the biggest problems with trying to get approved for new credit is that you need to “have” credit in order to be approved. This causes a sort of catch 22.
How does one “get” credit if no one will give them credit because they don’t have any credit to begin with? A vicious cycle indeed, but a real one. However, if you have someone you can use a cosigner this is NOT a problem. Simply have them cosign on the new credit application for you. If you don’t have a cosigner, read on.
Contrary to popular belief (or what myfico and credit repair companies would like you to believe), the largest factor in building a solid foundation for your credit score comes down to two credit scoring factors:
1.) The “High Credit Limit”
and
2.) Your “Debt to Credit” Ratio
Your high credit limit is simply the total amount of primary unsecured revolving credit lines you have (i.e. three credit cards at $5,000 each equals a high credit limit of $15,000).
Get it? Good.
Your debt to credit ratio is simply the amount owed on these cards in relation to your high credit limit (i.e. if your high credit limit was $15,000 and you owed $7500 your debt to credit ratio would be %50).
Keep in mind, your high credit limit is comprise ONLY of your total amount of unsecured revolving lines of credit. Home mortgages, auto loans, student loans, equipment leases and debit cards do NOT count towards your high credit limit.
A debt to credit ratio of 25% or less is ideal. Of course, there are many other factors which come into play, but keeping it simple, how does one improve credit score via increasing their high credit limit and lowering their debt to credit ratio?
That is the question….
The fastest way we have found is by adding primary user unsecured revolving lines of credit which are guaranteed approval (note: these are NOT authorized user accounts!).
These are unsecured lines of credit which appear on your report just like a visa card, mastercard or department store card etc.
We have found that while unsecured credit is the most difficult to obtain, it has proven to be the highest scoring on ones credit report. To find out the fastest we’ve found to add primary unsecured revolving lines of credit to your credit report, please visit:
http://www.KaydemCreditHelp.com
Duration : 0:2:2
Authors Lynnette Khalfani-Cox and Terry Savage discuss the student loan debt crisis with CNN’s Christine Romans.
Duration : 0:3:13
debt settlement examples explained by Jesse Niesen of http://www.DebtGOTOGuy.com. This was a special offer for viewers, but I have something much better for you today at http://www.DebtGOTOGuy.com. Simply subscribe to get a full-color, comprehensive & customized “Debt Analysis”, plus Budgeting Guide, plus “Debt Free ASAP” Book, Audios, Videos, Workbook and more!
Duration : 0:4:10