Unless you’ve been living under a rock, you’ve no doubt heard about the Credit Card Act of 2009, aimed at controlling the out of control credit card industry.
Some of the key consumer protection additions are as follows:
Credit Repair firm sued by Calif AG
October 2nd, 2009 by Credit Manager No comments »ConsumerAffairs posted today that the California AG has filed action against a California credit repair company for failing to register as a credit repair company. We’ve featured many news releases such as this over the years, and continue to warn consumers to thoroughly check out any full service credit repair firm- before you pay a penny.
How to read your credit report
September 28th, 2009 by Credit Manager No comments »First, understand what a credit report is: a detailed listing of all your debts and payments, going back through your entire payment history. For each credit account you have, the report shows creditors’ names, the amount owed, the highest balance owed, available credit, whether the account is open or closed (and who closed it), the number of times a payment was past due and whether the account is in default. (A FICO score, the most commonly used credit score, is a number between 300 and 850, based on complex formulas incorporating all the data in the credit report.)
Site offers help for teens, young adults
September 19th, 2009 by Credit Manager No comments »There’s a site aimed at helping educate and guide young adults through the financial dangers. http://foolproofme.com/ has educational videos that young adults can relate to. You learn valuable information from other young adults your age about how to navigate the financial waters and avoid debt traps and pitfalls.
Helpful Debt Collection Resources
September 5th, 2009 by Credit Manager No comments »A collection of helpful resources for debt and collection issues. With the new credit card rules in affect, you need to check your credit now and use any of the resources below for debt related issues.
Boost that credit score!
August 25th, 2009 by Credit Manager No comments »Finally, don’t ignore your credit. Annual credit reports are available for free once a year to all of us. Annualcreditreport.com will allow you to see your credit reports online within minutes. Set aside some time and go through your credit reports and make sure everything is accurate. Mistakes on your credit report can seriously affect your credit score.
Are you a credit abuser?
August 10th, 2009 by Credit Manager No comments »Lots of people have bad credit. According to national stats, most of us have a blemish or two, but if your credit report is full of issues then you may need to look at the culprit; you.
Debt Settlements under fire
August 4th, 2009 by Credit Manager No comments »The Federal Trade Commission is cracking down on debt negotiation firms. The process of settling debts for less than owed is coming under scrutiny just like credit repair firms. With these negotiators popping up all over the place and saturating the Internet, its easy to see why there is need for federal regulations.
