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Credit Repair Scheme Promises Fast Score Increases But May Be Illegal
By Charles Essmeier

Establishing a good FICO credit score isn't all that difficult; all you have to do is pay your bills on time. But if you have a bad credit score from a history of not paying your bills promptly, repairing your score and building it up to a level where you can get competitive loan rates can take time. It can take several years of paying your bills on time to build up your score and it can take seven years to wipe out a judgment or a bankruptcy from your credit report. Most consumers, understandably, would rather not wait that long and there is not shortage of companies that promise to repair credit quickly.

Several companies are offering dramatic increases in...
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Fat Dumb & Happy
In the News
New rules restrict credit counselors
The North Platte Telegraph We've all seen the ads, we've received the phone calls. Buried in credit card debt? Want to settle what you owe for pennies on the dollar? Falling for the pitch of companies who promise to help you pay off your debt can cost hundreds of dollars and leave consumers facing the same amount of debt. It's called "front loading," and the Federal Trade Commission is going to ... Read More ...

The Credit Guy: 7 tips on making marriage financially sound
Q: I'm getting married soon. I have two credit cards, and myfiancée has two credit cards. We were thinking about adding eachother as authorized users of the other's cards. Is there any reasonthat we shouldn't do this? Will it affect our credit? Read More ...

THE CREDIT GUY: Ways to ensure a financially successful marriage
Q: I am getting married soon. I have two credit cards, and myfiancee has two credit cards. We were thinking about adding eachother as authorized users of the other’s cards. Is there any reasonwe shouldn’t do this? Will it affect our credit? Read More ...

 

 





 
 
 
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