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Debt Relief
Anything negative that shows up on your credit report — missed payments, big balances, debts turned over to collection agencies, bankruptcies – is … well, undesirable. It can undo the…
Bad credit has a huge negative impact on so many parts of your financial life. The impact isn’t just on what rates you pay on credit cards and loans, or…
Millions of Americans must deal with wrong information on their credit reports every year. Many of them hire someone to deal with it. That can be a colossal waste of…
Credit repair companies do work, but that may not be the full answer you need. In fact, the real question is whether you need a credit repair company at all?…
A home equity loan is money borrowed against the equity in your home. Your “equity” is the value of your home minus the amount you owe. The loan amount is…
What happens when you can’t afford to pay back your debt? Depending on your circumstances, things can unfold in a few different ways. If you’re facing a financial hardship and…
There are plenty of good debt-relief programs out there. There are also plenty of bad ones. If consumers do their homework and stick to their programs, there is indeed relief…
When you’re in the market for a new credit card or taking time to assess the card(s) you already have, one of your key points of analysis should be the…
As a credit expert and a former NFCC-certified credit counselor, I know firsthand that many people are confused about what goes into their credit scores. So, I want to break…
What Is Credit Counseling? Credit counseling is a free service that provides help with budgeting, solutions for becoming debt-free, and tips for managing your money successfully. Credit counseling is offered…
Sources:
- McCauley, M., and Telemaque, T. (2024, April 30) Almost half of participants in Credit Checkup study find errors on credit reports; more than a quarter find serious mistakes. Retrieved from https://advocacy.consumerreports.org/press_release/almost-half-of-participants-in-credit-checkup-study-find-errors-on-credit-reports-more-than-a-quarter-find-serious-mistakes/
- N.A. (2025, September 5) Is it possible to remove accurate but negative information from my credit report? Retrieved from https://www.consumerfinance.gov/ask-cfpb/is-it-possible-to-remove-accurate-negative-information-from-my-credit-report-en-1249/
- N.A. (2025, January 13) Everything you need to know about credit repair scams. Retrieved from https://www.usbank.com/financialiq/manage-your-household/establish-credit/How-spot-credit-repair-scam.html
- N.A. (2021, May) Disputing Errors on Your Credit Reports. Retrieved from https://consumer.ftc.gov/articles/disputing-errors-your-credit-reports
- N.A. (2023, November) Fixing Your Credit FAQs. Retrieved from https://consumer.ftc.gov/articles/fixing-your-credit-faqs
- N.A. (ND) A Summary of Your Rights Under the Fair Credit Reporting Act. Retrieved from https://www.consumer.ftc.gov/sites/default/files/articles/pdf/pdf-0096-fair-credit-reporting-act.pdf
- N.A. (2024, December 12) How do I dispute an error on my credit report? Retrieved from https://www.consumerfinance.gov/ask-cfpb/how-do-i-dispute-an-error-on-my-credit-report-en-314/
- N.A. (ND) Chapter 7 & 13: How Long Does Negative Info Stay on Credit Report? Retrieved from https://www.myfico.com/credit-education/faq/negative-reasons/how-long-negative-information-remain-on-credit-report
- N.A. (2024, November) Understanding Your Credit. Retrieved from https://consumer.ftc.gov/articles/understanding-your-credit