Fix Your Debt, Credit and Finance Problems

Facing Foreclosure and Worried About Your Credit Rating?

fixbadcredit — Tue, 28 Jul 2009 14:17:22 +0000

A foreclosure will negatively impact your credit rating, and because of it’s negative impact on your credit rating, you should only do it as a last resort. A foreclosure can penalize your FICO credit score by as much as 200 or even 300 points. For example, lets say that you had 800 as your credit [...]

Stop Telemarketer Calls and Junk Mail Solicitations - Sample Opt-Out Letter

fixbadcredit — Mon, 22 Jun 2009 16:33:43 +0000

Sample “Opt Out” Letter to Send to Credit Reporting Agencies/Bureaus If you want to stop receiving junk mail and telemarketers from calling, then you need to keep your personal credit report information private. The best way to do this is to send an “opt-out” request letter to the credit reporting agencies/bureaus. You can go ahead and [...]

New Law Affecting Credit Card Interest Rates

fixbadcredit — Thu, 21 May 2009 00:53:57 +0000

The Senate has passed its own version of the new credit card bill and everyone expects that the House and Senate reconciliation will become law within a few weeks. The law goes farther than the new regulations passed by the Fed for mid-2010, and will take effect sooner. Here are the most important new benefits. Although the [...]

Obama Administration Helping Consumers with Debt Legislation

fixbadcredit — Fri, 15 May 2009 14:26:32 +0000

The Obama administration has promised debt help for consumers in at least two important areas. One is mortgage debt and the other is credit card debt. They have moved forward in both areas in the last couple of weeks. The credit card bill is being fought out in Congress and it is not clear what provisions [...]