Monthly Archives: October 2010

How Long Will A Negative Mark Remain On Your Credit Report Part Two

Posted October 31, 2010 – 8:31 am in: Credit

In the first article in this set I spoke about how long different marks stay on your credit score. I mentioned that mistakes will be removed immediately, soft inquiries will have no effect, and hard inquiries can hang around on your credit report for two years. Late payments have the capacity to do way more damage.

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Bankruptcy: What Is It And What Do The Chapters Mean?

Posted October 27, 2010 – 9:48 am in: Debt Consolidation

Bankruptcy in the United States is a constitutionally (Article 1 Section 8, Clause 4 to be exact) approved way for business entities and individuals to settle big amounts of debt. Congress is in charge of making the bankruptcy laws. The most recent change was an amendment to existing laws through the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. For other laws relevant to bankruptcy, turn to the United States Code.

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Steps To Collect: When Consumers Don’t Pay

Posted October 22, 2010 – 9:47 pm in: Debt Consolidation

Companies generally succeed when they create relationships with their clients that are founded on trust. However sometimes customers do fall behind in payments to purchase goods or services that they have received. There are a few ways to address this issue.

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reciprocals

Posted October 19, 2010 – 3:02 pm in: Debt Consolidation Review

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What Private Information Formulates My Credit Score?

Posted October 8, 2010 – 8:40 pm in: Credit

A credit score is a quantity between 300-850 that is used by mortgage lenders, merchants, and credit card companies to decide your line of credit, your interest fees, and additional vital financial information. 90% of the businesses and lenders that check into personal credit history use the FICO (Fair Isaac Company) credit data. The closer your FICO credit score is to 850 the better.

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