You’ve made your mortgage or car payments after bankruptcy. Your credit report says “zero payments made”. That’s as it should be, and it’s for your benefit. (Your credit will rebuild anyway. Here’s more, and here’s even more. But it’s not all roses.) Here’s why. A mortgage consists of two parts, the personal obligation that you [...]
Credit Score
Nobody really wants to file bankruptcy. I know there is a myth out there that there are many people who see bankruptcy as an easy way out of their financial problems. Like most myths, it is not true. The truth is that most people do everything they can NOT to file bankruptcy. Most people do [...]
Much has been written about maintaining your credit report and your credit score. Credit reports are free (once per year) by Federal law and it is easy to set up a system of monitoring them. However, you still have to pay to obtain the point score. But another point of view is that your credit [...]
We live in a society that seems to put great weight in a high credit score (the number reported by the credit reporting agencies). Such a score is really only a conglomeration of various factors dealing with the timeliness of your payments on secured and unsecured debt and the available credit you have at any [...]
Part 6 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 8 (Highest Points Wins), 9 (The Report); 10 (Knowing the Score) and 11 (Show Me the Money). The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud [...]
