Credit Help Center

I don’t know about you, but I’m tired of seeing those bankruptcy lawyer advertisements that say, “Low Cost,” “Cheap Bankruptcy,” and “$100.00 Starts.”  For $100.00 dollars that lawyer will do nothing more than deposit your money into their business account. Always remember that advertising is advertising even when a lawyer does it.  We just have more rules than the rest of the marketplace.  I start with the fact that we must declare that,

“We are a debt relief agency.  We help people file under the Bankruptcy Code,”

in all our advertising because Congress said so and the Supreme Court upheld this in a recent decision.

The truth is that there are costs that you must pay when filing bankruptcy. Fir

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In any events that a debtor needs to clarify something about a debt that was credited to his account or name, or he might confused with an amount of debt credited under his name, he can file or submit a debt validation towards the creditor. Many debtors are receiving a debt validation notice from certain debt collector stating that he owes this amount of money to their company. This notice includes the name of the debtor, the name of the company or creditor, the amount of money that he owes to the creditor and the validity within 30days upon receipt.

However, debt validation notice also include in their letter that you can request them to verify your debt within 30 days and that you can also ask them to verify the name of the creditor with its address.

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A person who applies loan from a certain company is subject to a period of payment. This depends to the terms they applied for. Some lenders will offer their debtors many terms or mode of payment. Others may apply short-term loan or a long-term loan. When we say short-term loan, this pertains to a loan application of a debtor which is payable within 1-3 months only while a long term loan can be amortized into 3 months up to 1 year or more depending on the creditor’s policy. Lending companies planned to have long-term loan offers to their debtors because they will earn more interest from long-term debts rather than those short-term loans. This is how they compare debt yield as they observe the mode of payment of their debtors. The longer the term is, the more they will gain interest and will give them eventually a reasonable income in the run of these terms.

Debt yield is the computation of income of creditors to the loans that they gave to their debtors. This is the period where they base their calculation of interest and other earnings by lending money to different debtors. A

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Are you one of those people that gets a large tax refund every year and you pay bills; or take a vacation with it?  You’re providing the federal government with a free, no interest loan on YOUR money if you do. MSN posted this article, How to Adjust your Tax Withholdings, which provides a step-by-step guide to show you how to adjust your tax withholdings to put more money each paycheck in your pocket.  Why should you do this you ask? 

Besides the fact that you’re loaning your money to the government free of interest and you know they would never reciprocate the sentiment, you’re needlessly tying up your money in an account you cannot access but once a year when your big fat refund arrives. Be

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Remember Catch-22 and that “damned if you do, damned if you dont” mentality? Well that is exactly how credit works these days.

If you are responsible, pay off all your debts on time and live a relatively debt-free, all cash life, you can be penalized by mortgage companies when you want to purchase a home. Even though, you are financially responsible and living completely within your means.

Oftentimes, mortgage companies penalize a person for having too little credit and of course, you get penalized if you have too much credit or if your credit is less than stellar.

Mortgage companies like to see at least 3 open lines of credit to make sure that you are credit-worthy. So if you would like to live a relatively debt-free life and the only reason you want to get a mortgage at all is because you didnt have the large pile of money that it would cost you to buy a house just sitting around in your bank account waiting for you to find the perfect home, you may be in for a big shocker. You can be penalized for having too little credit as much (or maybe even more) than for having too much credit or too poor credit.

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