The idea is great, ask a debt collector for proof you owe a debt and if they cannot produce it, you do not have to pay. However, the reality of using this tactic may yield very different results.
Posted on Feb 18, 2015
We have heard that applying for credit can impact our credit score. One or two inquiries may have little effect on the numbers, but having several in a year can take its toll. Those applications can have a greater negative effect if they are for credit card accounts.
Posted on Feb 09, 2015
Everyday we are inundated by articles, sound bites, Tweets, and commercials telling us how we should be managing our money. But we all have choices and finding an unbiased person to help you make those important financial decisions can be critical to your success.
Posted on Jan 09, 2015
What financial topic(s) would you read about in our blog?
Posted on Oct 02, 2014
As you watch television, surf the Internet and flip through your favorite magazine, you will undoubtedly see companies advertising that they can show you the best deals in plastic - credit - for you to consider. There are a few reasons to hesitate from relying too much on information that looks like it’s coming from a neutral source. The main one is because the source might not be neutral at all.
Posted on Aug 27, 2014
Some of you might be rejoicing a bit because of news that the chief credit scoring outfit, FICO, is changing its rules about how it scores debtors. The main change is that the new system will draw a distinction between medical debt and regular debt. The other big change is the new system will disregard medical collection accounts if they are paid or settled.
Posted on Aug 13, 2014
Last week, FICO, the nation's top credit score provider, announced upcoming changes to the way some debts impact your credit score. This could be good news for thousands of people, if lenders adopt this new model.
Posted on Aug 11, 2014
People may be hesitant to reach out for help due to misconceptions about financial counseling. Here are some of the false beliefs that consumers admitted in the 2014 NFCC Financial Literacy Survey
Posted on Jul 30, 2014
The news that lenders are sending offers to riskier borrowers should remind you of one truth we all should have learned from the financial crisis five years ago; just because you can borrow money doesn’t mean you should.
Posted on Jul 07, 2014
0% interest for a year, earn cash back, free airline miles, we receive tempting offers from credit card companies everyday. How do we know whether to risk our credit history or stay with what we know? Here are a few things to consider.
Posted on Jun 30, 2014