Tag Archive for Help

3 Ways Facebook Can Help Improve Your Credit Score & Teach You to Save

3 Ways Facebook Can Help Improve Your Credit Score & Teach You to Save
News from Madame Noire:

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I think we can agree that Facebook can be the Devil. With everyone posting and bragging about their (alleged) perfect lives, it can make those of us that compare our real lives (with flaws and all) to these Photoshopped realities a little depressed.

But there is a silver lining.

If you use your time and energy wisely, Facebook can actually be a saving grace for your finances.  There are a number of Facebook closed groups that focus on creating supportive communities for women of color seeking to improve their finances and relationship with money. Here are three Facebook groups that you should join if you want to redirect your Facebook envy into something more productive. I am a member of all of these groups and find the information, accountability, and inspiration invaluable.

Dream Catchers: This group is led by Tiffany “The Budgetnista” Aliche, author of the Amazon best-selling One Week Budget and creator of the

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Credit Repair Services Canada Launches to Help Those with Bad Credit Find …

Credit Repair Services Canada Launches to Help Those with Bad Credit Find …
News from DigitalJournal.com:

Credit Repair Services Canada is a site that offers local credit repair companies a means to connect with their local communities through a new nationwide, neighborhood directory online.

San Francisco, CA — (ReleaseWire) — 11/07/2014 — Bad credit affects millions of people in Canada, and though not as badly affected as some countries by the global economic downturn, the effects for those that have been affected are no less real. As such, there is an increased demand for credit repair companies, who offer to help people form a strategy to eliminate their debt in a fraction of the time, then help ensure they stick to that plan. Credit Repair Services Canada is a newly launched online directory that offers people information on credit repair companies in their locality, listing recommended providers for the best possible results.

The site allows anyone looking for credit consultants to search according to major territories then counties and neighborhoods within them, to find highly rated and recommended debt rel…………… continues on DigitalJournal.com

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How to Help Clients with Credit Problems

How to Help Clients with Credit Problems
News from Accountingweb.com:

A still-faltering economic recovery has wreaked financial havoc on many of your clients. Foreclosure, underwater mortgages in default and job loss can damage even a pristine credit record. And while as an accountant you’re not necessarily in the credit repair business, some work in this area can add value to your services, says Marc Rosen, CPA.

“I can be a mediator and sometimes negotiator,” says Rosen, a partner at Cameo Wealth and Creative Management in New York. “If it’s a small balance, a one-off charge, a $ 10 co-pay someone forgot to pay and it’s gone to a collection agency, I’d be comfortable calling the company to negotiate.”

For clients with large credit card balances or judgments against them, it’s time to bring in the credit repair experts, he says.

But even if accountants shy away from any credit repair, they can do one key thing: Ask clients if they know their FICO scores and have seen their credit report, says credit coach Jeanne Kelly, founder of Kelly Group Consulting in New York, who did a webinar two years ago for the American Woman’s Society of Certified Public Accountants.

“A lot of times people come to me because they don’t know where to start,” she says. So the credit score and report are the first steps in knowing what’s been reported about them, and if it’s accurate.

Clients can do a great deal to repai…………… continues on Accountingweb.com

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Berges Law Group and its affiliated companies sued for credit repair scheme
News from LoanSafe:

Deladurantey Law Office filed a lawsuit in the U.S. Area Court, Eastern District of Wisconsin for a Green Bay consumer Betty Bennett . The lawsuit claims she was the victim of a fraudulent credit repair plot by the Ft. Lauderdale, Florida law office of Berges Law Group and its subsidiary organizations.

In the lawsuit recorded on May 2, 2014, the respondents – Otto Berges; Berges Law Group, P.a.; Consumer Protection Counsel, P.a.; Debt Be Gone LLC; Paralegal Staff Support; and United Legal Group – are accused of disregarding the laws of the Credit Repair Organizations Act (CROA) and the Wisconsin Consumer Act.

The suit states that the respondents reached Bennett in September of 2013 with an offer to help her settle her credit. She was told by telephone what she might be charged in lawyer’s charges, which might be paid first and foremost, and what she might pay to alter her credit.

An agreement was sent to Bennett on Oct. 30, 2013 had violated the laws of the Credit Repair Organizations Act (CROA) and the Wisconsin Consumer Act. The contract did not state the approximate length of time necessary to perform the…………… continues on LoanSafe

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Bakersfield Credit Repair http://www.icscreditfix.com Credit Repair Service in Bakersfield, Fix Bad Credit Get a Credit Repair Review and Restore Good Credit…
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Follow these steps to help improve your credit score and debt.

Follow these steps to help improve your credit score and debt.
News from ABC News:

The National Foundation for Credit Counseling conducted an unscientific—but eye opening—online poll, which revealed people are more embarrassed about their credit and debts than they are about their age or weight!

Granted, the poll was conducted via the foundation’s home page, so the people who come there are already worried about their debts, but still! Here’s how recipients responded about what embarrasses them most:

1. Credit card debt 37%

2. Credit score 30%

3. Weight 2%

4. Bank Balance 10%

5. None of the above 9%

6. Age 1%

“Excessive credit card debt should be seen as a warning sign that a person is in the financial danger zone,” said Gail Cunningham, spokesperson for the NFCC. She added that “Such activity is likely to negatively impact a person’s credit report and potentially result in a lower credit score.”

Here are my top three tips for reducing your debt and for raising your score… so you can get back to worrying about your weight!

To Reduce Your Credit Card Debt:

•Negotia…………… continues on ABC News

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The Laziest Ways to Improve Your Credit
News from ABC News:

There are people out there who expend a lot of energy in the quest for a totally meaningless perfect credit score, which I’ve written about elsewhere. Most people know it’s important to have good credit, but they don’t want to spend too much time worrying about it. The good news is that you can be pretty lazy and still improve your credit.

The difference between having good credit (generally from 700-749) and bad credit (anything below 620) can mean the difference between getting the car you want versus the car with monthly payments you can afford. A well-managed credit history can make home ownership possible years before a poorly managed one, while really bad credit could cause you to lose a rental apartment to someone more vigilant about their personal finances.

Credit is an investment that accrues value through behavior. If you do the right things, your score will increase. Like an investment portfolio, your credit portfolio can improve your quality of life. But just like any investment, a credit portfolio requires some basic knowledge and maintenance.

Here are four very easy things you can do to start improving your credit.

continues on ABC News

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First ever program launched to help Northlanders build credit scores

First ever program launched to help Northlanders build credit scores
News from Northland’s NewsCenter:

By KBJR News 1

April 2, 2014 Updated Apr 2, 2014 at 10:09 PM CDT

Duluth, MN (NNCNOW.com) — Whether you’re in debt, looking for a loan, or just trying to build your credit score, a new program launched today in the Northland will help you do just that.

The new Credit Builder Program, launched Wednesday at Park State Bank in Duluth, is designed to help consumers build credit for the first time or improve damaged credit scores.

The program also helps Northlanders build-up a savings account by taking out a loan that is repaid in monthly installments.

The full loan amount goes into an interest-bearing deposit account held at the bank, and when payments are complete the customer’s credit score should be improved and they will also walk away with more money due to accrued interest.

Dale Lewis, president of Park State Bank…………… continues on Northland’s NewsCenter

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New website may help explain reasons for low credit score

New website may help explain reasons for low credit score
News from Los Angeles Times:

Even lenders are sometimes baffled by the reason codes used by major credit… (Andrew Harrer, Bloomberg )

It hurts when you’ve been rejected for a mortgage.

Of course, there are many reasons you can be turned down. You may not have been employed long enough in your current job, for example, or you may not make enough money for the property you want to buy.

But if you are spurned because of a low credit score, the pain of rejection is sometimes made worse by the reason your score didn’t make the grade…………… continues on Los Angeles Times

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To Improve Your Credit Score, You Must Think Like an Insider
News from Fox Business:

There’s little doubt that Americans with higher credit scores get better deals on core consumer items like mortgages, auto loans and credit cards.

So why do so many U.S. consumers know so little about their credit scores?

According to the Consumer Federation of America, 40% of Americans didn’t know that credit card companies use credit scores to make decisions about credit approval and interest rates, and another 42% didn’t know mortgage lenders do the same thing.

And there’s more…

  • 43% of U.S. adults believe age is a factor in calculating interest rates (It’s not.)
  • 40% believe marital status is a factor in credit score calculations (It’s not, either.)
  • Up to 35% of consumers don’t know that creditors are obligated to report the credit score used in making a credit decision.

“Credit scores have become so influential in the lives of most consumers that tens of millions are severely disadvantaged by their lack of knowledge about these scores,” says Stephen Brobeck, CFA executive director. “Low credit scores will often cost car buyers more than $ 5,000 in additional finance charges and cost home purchasers tens…………… continues on Fox Business

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Visit http://www.HassleFreeCashflowInvesting.com/investor-education to download a free eBook. “Get a Fast 15 Points Increase on your FICO” In this 60 minute …
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4 Ways Credit Unions Help Raise Credit Scores

4 Ways Credit Unions Help Raise Credit Scores
News from Fox Business:

CheckingCredit Union How Credit Unions Help Raise Credit Scores

In the aftermath of the Great Recession, many consumers are still regaining their financial footing.

To help, credit unions are offering more tools aimed at rebuilding tarnished credit scores. These tools include low-cost secured loans, free credit counseling and online debt management courses. And since credit unions are member-owned, they’re usually eager to help their members improve their scores or establish credit.

For the best credit union checking accounts, go to Bankrate.com.

To accomplish this, credit unions are taking a consultancy approach to debt rather than trying to generate high fees for these services, says Paul Gentile, an executive vice president of the Credit Union National Association.

This approach to rebuilding credit can be crucial, since a…………… continues on Fox Business

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Scoreinc.com Releases One of Training Program to Help Credit Repair …

Scoreinc.com Releases One of Training Program to Help Credit Repair …
News from DigitalJournal.com:

Mobile, Alabama (PRWEB) January 22, 2014

According to Joel S. Pate, president and CEO of Scoreinc.com, “Realtors© are the actual source of most referrals to credit repair companies, not loan originators. Thus, as the Qualified Mortgage Rule changes many facets of the mortgage industry effective date of January 10, 2014, CRO’s must learn to build relationships directly with Realtors© and builders to overcome the likely prohibition that some lenders will impose on their LO’s of allowing their loan originators to refer the Realtors© and homebuilders credit turn down customers, that are Not Yet Ready to Purchase™ a home, to a credit repair professional as recently demonstrated by a August 2013 notice from the nations largest mortgage servicer.”

At a recent event held by the University of Alabama’s Center for Real Estate continuing education event held in Tuscaloosa Alabama by the Tuscaloosa Association of Realtors©: “While it doesn’t appear to be the intent of the Consumer Financial Protection Bureaus QM to limit consumers access to the services of professional credit repair operators inadvertently it seems like they have as lenders correctly or incorrectly process the QM through…………… continues on DigitalJournal.com

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Avoiding These Mistakes Can Help Your Credit Score

Avoiding These Mistakes Can Help Your Credit Score
News from Idaho State Journal:

(NAPSI)—There’s good news for consumers who want to improve their credit score. There are a few practical steps they can take that will help them avoid future problems and correct mistakes of the past.

That’s one of the key findings of a report released by free credit report and score provider Quizzle.com. The report found that despite the fact that the unemployment picture is slowly improving, consumers’ average credit scores continue to decline.

Says Quizzle.com CEO Todd Albery, “This is no small issue. Tight lending standards and a lack of understanding about credit reports have held many people back from buying a home, getting a new car or making other large purchases.”

Here are a few common mistakes consumers are making that hurt their credit score. Avoiding these mistakes can contribute to a better score in the future:

• Not checking their credit report: A Federal Trade Commission (FTC) study shows that 20 percent of Americans have errors on their credit report and 5 percent have mistakes that could lead to them paying more or…………… continues on Idaho State Journal

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Avoiding These Mistakes Can Help Your Credit Score

Avoiding These Mistakes Can Help Your Credit Score
News from East Oregonian (subscription):

(NAPSI)—There’s good news for consumers who want to improve their credit score. There are a few practical steps they can take that will help them avoid future problems and correct mistakes of the past.

That’s one of the key findings of a report released by free credit report and score provider Quizzle.com. The report found that despite the fact that the unemployment picture is slowly improving, consumers’ average credit scores continue to decline.

Says Quizzle.com CEO Todd Albery, “This is no small issue. Tight lending standards and a lack of understanding about credit reports have held many people back from buying a home, getting a new car or making other large purchases.”

Here are a few common mistakes consumers are making that hurt their credit score. Avoiding these mistakes can contribute to a better score in the future:

• Not checking their credit report: A Federal Trade Commission (FTC) study shows that 20 percent of Americans have errors on their credit report and 5 percent have mistakes that could lead to them paying more or…………… continues on East Oregonian (subscription)

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