filed in Uncategorized on Mar.09, 2010
Having a vehicle or other item repossessed can be financially, and even emotionally, devastating! Many times, a repossessed item can represent loss of freedom or income (in the case of a vehicle) or maybe loss of security or family memories (in the case of a home). These alone are bad enough; however, then comes the realization that a repossession reported on your credit report will cause your credit score to plummet!
filed in Credit on Feb.27, 2010
There has always been controversy surrounding the topic of credit report. Different people tend to opine differently creating multiple impressions on the same topics. The financial institutions tend to agree that it is impossible for one to change their credit report and any such effort is illegal, however the lawyers tend to oppose this view by claiming that there are many legal ways by which one can change or repair their credit report.
filed in Credit on Feb.23, 2010
You’ve decided to make one of the most important decisions of your financial life – you’re going to purchase your first home! Unless you are buying your house, condominium, or investment property with cash, you will most likely need a mortgage.
filed in Credit on Feb.22, 2010
Your creditor threatened a court-ordered judgment but you thought that, if you waited long enough, he would get tired of pursuing you and let it go! Unfortunately, that’s not how it turned out and now a judgment has been issued against you.
filed in Credit on Feb.07, 2010
If you have a debt which is subsequently sent to collections, you will drastically damage your credit score. Your credit score will be damaged even more significantly if your creditor decides to seek a judgment.