SavvySugar

Lost or stolen credit card & credit score?

Sun, 17 Feb 2008 20:37:14 -0800

When my credit card reached its expiration date I did not receive a new card in the mail. I had to ask for two more to be sent before I finally got a plastic card. My roommate had thrown away two cards-so two accounts were closed due to lost/stolen card. Can these two short-lived accounts affect my credit score? If so, can I mitigate this?

Credit Repair Companies: Imperative For Having Good Credit Scores

brendanharring — Mon, 23 Nov 2009 23:51:10 -0800

Credit scores are very vital in your insurance and financial transactions. This is for the reason that credit repair companies always investigate on your credit scores instead of you family background. They can know your attitude here. This is the process of identifying the possibility of giving assurance to your transactions or not. But what shall you do if your account is not presentable? You will surely have a less enjoyment in your life. Aside from that, you will still pay for your own debts. You need to work on your account because it can bring sufferings and even chaos to you. So what will be your solution to this? It is great to note that there are credit repair companies that can help you solve your worries. These credit repair companies can help you get back your good credit scores. They can also help you minimize the amount of your credits. You just have to make sure that you are hiring a legitimate credit repair company. How can you prove that a company is under illegitimate actions? All legal credit repair companies will never offer a free service to your credit repair. This is because it takes time to fix and repair credit records and you need to pay them on their services. The internet can also help you find the company that will provide you the best and legal services. The internet will help you identify the credit repair companies that are operating legally. If you are aware of the facts and details of having legal credit repair companies then you will be having lesser chances to be fooled by a swindler. In a few words, in today's economy, having a bad credit record will surely make you live in misery. You have to start now or forever live in misery. Click here: Credit Repair Companies: Imperative For Having Good Credit Scores

Credit Repair Companies: Imperative For Having Good Credit Scores

philturner584 — Tue, 24 Nov 2009 01:55:43 -0800

You can have an easy access to insurance companies and other financial institutions if you have a good credit score. This is for the reason that credit repair companies always investigate on your credit scores instead of you family background. They will determine your credibility and trustworthiness from your credit status. This will make them decide if you qualify for a transaction or not. Yet, what if you have a poor credit record? For sure, you will experience a distressful way of life. And you still have to be responsible for your liabilities. You need to work on your account because it can bring sufferings and even chaos to you. What will you do to prevent this from happening? Credit repair companies are here to give solutions to your apprehensions. The credit repair services will help every consumer bring back their credit record in good shape. What is more is that these companies will also help in lowering consumer's insurance credit debts. You just have to make sure that you are hiring a legitimate credit repair company. How can you say that the company is not a form of scam or fiddle-swindle? Credit repair companies that transact legally will never offer you a FREE and quick fix of your credit account. This is because you have to pay for the different transactions that they have to do. The internet can also help you find the company that will provide you the best and legal services. You can best spot the legal credit repair companies if you search through the internet. If you have the proper learning, you can be able to have the credit repair companies that will not fool your around. You are responsible in bringing back the shape of your credit record. You have to repair your credit record so you will not be having more and more worries during your transactions. Click here: The Significance of Credit Repair Companies In Your Credit Repair

Credit Repair Companies- Imperative For Having Good Credit Scores

robbymcbride — Tue, 24 Nov 2009 01:12:43 -0800

Credit scores are very vital in your insurance and financial transactions. This is because the financial institutions and other employers are usually probing on your credit status instead of your family background. They will prove how you handle your money as well as your life here. In this way, they will know if you are credible enough to be granted a possibility in your transaction.However, what happens if you have a bad credit account? For sure, you will experience a distressful way of life. You will be paying hundreds of dollars just for the interest alone of your loans. This is due to the fact that you cannot function well if you have poor credit account. So what will be your solution to this? Credit repair companies are here to give solutions to your apprehensions. The credit repair companies will be your aid in reviving your credit life. They can also help you minimize the amount of your credits. You just have to make sure that you are hiring a legitimate credit repair company. How can you say that the company is not a form of scam or fiddle-swindle? Credit repair companies that transact legally will never offer you a FREE and quick fix of your credit account. This is because you have to pay for the different transactions that they have to do. The internet can also help you find the company that will provide you the best and legal services. The internet will help you identify the credit repair companies that are operating legally. If you are armed with the proper knowledge on credit repair then there are lesser chances that you can be fooled by the unlawful credit repair companies that you are going to hire. There is a need for you to become responsible in repairing your bad credit account. Consequently, you need to repair your credit so you can live your life as normal as possible. Click here: Credit Repair Companies For Better Credit Scores

The Importance of Credit Repair Companies in Your Credit Scores

dewayneosborn34 — Tue, 24 Nov 2009 03:23:58 -0800

There is no denying the fact that credit scores are important especially when you are dealing with insurance transactions and other financial policies. Most of the insurance companies, financial institutions and employers probe on the credit scores instead of the family background. They will find out here if you can be relied upon or not. This is the process of identifying the possibility of giving assurance to your transactions or not. However, what happens if you have a bad credit account? Surely, you will experience a miserable life. You also have to prepare your cold cash so you can arrange the payment of your liabilities. You will be facing more and more problems if you will not arrange your problems sooner. So what will be your solution to this? You don't have to worry so much because there are credit repair companies that can work best on your credit repair. The credit repair services will help every consumer bring back their credit record in good shape. These companies can also lower your credit liabilities. Just make sure that the company you are eyeing to serve you is legitimate or else you will end up having more problems. What can be your guidelines in proving that the company is not a scam?All legal credit repair companies will never offer a free service to your credit repair. This is due to the fact that they will need your service charge in doing all your transactions. The internet can be the best source for the services that are legal and reliable. The information highway is an excellent avenue that can give you tons of helpful informations about legal credit repair companies. If you have the proper learning, you can be able to have the credit repair companies that will not fool your around. In a nutshell, you have to repair your bad credit account so you will not forever suffer. Therefore, you really need a credit repair so you can revive your credit status and be able to live your life more normally. Click here: The Significance of Credit Repair Companies In Your Credit Repair

Do I Need to Know My Credit Score?

lemonfizz — Wed, 05 Mar 2008 10:44:28 -0800

I check my credit reports regularly for errors, but I've never paid extra to find out my credit score because I don't have any plans to take out a mortgage or buy a car (I live in the city and rent). Is there any other reason I'd need to know my credit score?

Hannah Teter Goes Off the Grid

FitSugar — Thu, 25 Feb 2010 09:00:06 -0800

One thing that may have catapulted snowboarder Hannah Teter onto the Olympic podium for the second time in her career is her diet. Hannah - who scored a silver in the women's halfpipe - tells People that she credits turning vegetarian for making her a better athlete: "I started that [a vegetarian diet] last year and feel stronger mentally and physically, and springier."

Even though Teter has given up meat, she still gets plenty of protein. For breakfast, the snowboarding star has a power smoothie; dinner is often a veggie stir-fry with a side of quinoa. Quinoa is a great replacement for white rice and a staple among many vegetarians I know because it's exploding with protein and fiber. Though not a raw foodie, Hannah does admit to not cooking her food too long,"because you lose what's good in the food."

Besides a responsible diet, Hannah is also doing her part to live eco-consciously. And while I do my best to recycle, reuse, and reclaim, Hannah's taking it a step further by moving into a yurt on a parent's property in Vermont. (A yurt is sort of like a tent, except stronger and more weatherproof. It's portable and doesn't rely on a ton of materials for its construction.) Living green is not foreign to Hannah - her dad produces maple syrup on the family's property, and her mother keeps a huge garden and also tends fruit trees. If all goes as planned, Hannah hopes to be living off the grid by relying only on solar and wind power.

Experian, oh Experian, where for art thou?

treble8705 — Tue, 07 Apr 2009 22:43:08 -0700

So yesterday, I went to buy my scores from myFICO.com (as suggested) and they only offered my TransUnion and Equifax scores. I couldn't find my Experian and they used to offer all three. The site is certified and I get my true legal scores ( I recently purchased a car with that info), so is there something going on with Experian where they arent releasing data?

Can not pay your credit cards?

Monique Marie — Mon, 04 Jan 2010 13:54:18 -0800

Collection Calls

This is most scary part of Credit Card Game. Credit Card Companies will constantly call you and demand their money back. Collectors may call you 5 – 7 times a day. They will call you at home, They will call you at work and they will call you on your mobile phone too. There have been some reports that collection agents have been calling bosses, co-workers, and family members (which amounts to harassment and is not legal). They go to any length to get you on phone and when they get you on phone they use a lot of psychological techniques to lure you into giving them checking account numbers and other banking information. They will use every trick to make you pay. One of the well known methods is that they intimidate and threaten you by telling you that they will take your house, car etc. Or they will bring police to your home. all this can be very stressful on some people. You will also start getting letters in the mail from them that may eventually turn more demanding.
Don’t get intimidated by them, Know your rights and report any violations to police and seek help. Most of the credit cards are unsecured so no one can take your car, house, furniture, etc. according to some websites while others say that you can get a lien on your house or your wages garnished. The best thing to do in a case like this to to talk to a lawyer and find out exactly what can happen. I have been searching different websites to find out exactly what can happen but it seems that every website is different, so if anyone knows exactly what can happen please feel free to coment. Your credit score on the other hand will be affected by you not paying your credit cards and/or being late on them. Sometimes you can find a good debt management or credit card services to help pay down your credit card bills but your credit score will still be in trouble and at times you can get scammed.

Bad Credit Score
If you go 30 days past the due date on any of your credit cards, these credit card companies normally report this to Central Credit Bureaus so these missed payments are likely show up in your credit report and this has a terrible impact on the credit score. Companies, almost all of them will increase their interest rate and future loans may either be refused or available to you at very high costs.
A Bad Credit Score is not good. Anytime you apply for a job, home loan, school loan, car loan, car insurance, They do take a look at your credit score. If you are really in very bad crunch. consider bankruptcy as an option. After some time, usually 7 years, it’s all clean and neat again but should be used as a last resort. Another bad thing about having a poor credit score is unable to rent from different apartments or trailer parks, etc. Also, if you want to get certain bills in your name such as the electric bill, most of them require a deposit which can be extremely high. When dealing with the gas company, some companies run a credit check to see if you have to pay COD or if you can get on a budget. Overall, you can be spending a lot more money then you have to if you have a bad credit score.

Excessive Interest Rate / Late Fees

Once you start missing your credit card payments, most of the credit card companies start charging “Default Rate”. That is normally highest possible interest rate, about 30%(Check the fine print on your credit card Application form or Disclosure on your Credit Card company’s web site). They also start charging late fee penalties ranging between $20-60. if your balance exceeds the credit limit, which normally does, there will also be an over-limit fee which would be charged on daily basis.
I would recommend that you contact each of your credit card companies and ask to have your credit card account closed but for the most part they will say they cannot close the account because you still owe on it. If you can get your account close this action will stop interest from accruing i.e multiplying. They will tell you that they can decrease your interest rate or they can allow you to make a very minimal monthly payment. some even offer a $3 per month payment plans but this is rarely more than a trap. You will only end up throwing money away as you will only be paying the interest payments and a debt will continue to grow. So it is in your best interest that you do it yourself as it will save you some(depending on your balance $100 to $10,000) money at the end. Ask for a final bill from your credit card company and when you receive that then just try to pay a certain amount on each bill if possible but I recommend that you put them aside and concentrate on your mortgage and other liabilities like car payments, children education.
Once you start earning more income, you can either try to pay off the balances of the closed accounts little by little. If you can arrange some extra cash at the end you can also contact each credit card company directly and make them an offer to pay a certain percentage of the balance owed i.e 20% to 50% (think about your offer before you call them). If you choose to do this, stay firm on your offer and document everything. Do not send any payment to them until they send you something in writing that they will mark the account paid in full (keep all documentation and proof of payment).
Some Credit Card companies will accept this because they feel that something is better than nothing. They might also make a counter offer but stay firm and tell them that it’s all you can afford. If they say “No” than don’t worry and say “thank you very much” and move on to the next credit card company.

Legal Action
Eventually, if a credit card debt becomes very delinquent, Credit Card companies might take legal action course which can result in liens, garnished wages or any other legal judgements requiring you to pay your debt. However, credit card companies would normally try to avoid this situation because this is a very long, complicated and expensive process. But nevertheless, legal action does happen.
Just to debunk a myth, credit card companies generally do not freeze bank accounts. They would first need to have a court judgement against you. This whole process costs them money and it is rarely done by credit card companies but they can do this to you.

With all the credit card debt out there, the best thing you can do it to get help. The best way to get help is to talk to a lawyer and find out what the law is in your state or country and do something about it. The problem is not going to go away, so you might as well realize that you are debt and be pro-active instead of ignoring it. Always remember that you are a human being and the people that are calling you from the credit card companies are just doing their job and that they do not have a personal vendetta against you even if they are being difficult and threatening you.

Do you think it is right for employers to not hire you because of your credit?

Monique Marie — Mon, 04 Jan 2010 14:12:45 -0800

Some companies are now looking at your credit score to see if they want to hire you. So, if you are already in debt and want a job because you either got laid off or had to quit for some reason, getting a job can make it difficult for you. Do you think that it is right for a company to go off your credit score? Do you think that it is discrimination? Let me know.