Category: Credit Repair

Mar 21 2010

4 Best Sources of Information on Credit Repair

Credit repair means taking steps to work on the information that is mentioned in your credit report with the objective of improving your credit score so that life becomes that much more better – better chances of getting a loan, better job prospects, better everything…

If you are facing a situation where you need to improve your credit, then here are 7 excellent sources of good useful information on credit repair.

  1. Federal Trade Commission – This federal government portal offers useful guidance to all looking for credible information on credit repair. Learn how to recognize the signs of credit repair scams. Find out about your rights regarding credit repair and learn the most effective “how-to’s” to help yourself improve your credit rating. A must-read site for information on all things related to your credit score.
  2. University sites – Colleges are temples of learning and if you really wish to learn about the ins and outs of credit repair then search for credit repair on .edu domains. For instance, a nice piece on the University of Maryland site discusses if there are any actual benefits to credit counseling. A detailed presentation on credit repair scams can be viewed on the Rutgers University site.
  3. Online forums on credit repair – Forums are a great place to pick up valuable actionable information that you can make use of in your efforts to improve your credit score. The great thing about picking up pointers from forums is that issues are dissected minutely and you learn the pros and cons of an issue from people that have been there and done that. It goes beyond theoretical knowledge found in most articles that purport to enlighten on the subject of credit repair.
  4. Zendough – Zendough goes beyond offering information on credit repair. It is a complete set of powerful tools that enable you to stay aware of your credit score on all 3 credit reports, stay away from suspicious activity, get alerts on attempts at ID theft, avail several tools and calculators that will let you gain control of your debt situation. See your Credit Score for $0 at zendough by TransUnion. It’s Free and available in seconds.

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Oct 09 2009

More Road Signs Toward Foreclosure

Housing Market in Delicate State

The news has been increasingly unanimous lately on foreclosure triggers. Loan modification programs are struggling to keep people in their homes. Unemployment is causing other, once-solvent homeowners to fall behind with their payments. Even auxiliary components, like ACORN, are imploding into themselves with disorder.

By and large, loan modification efforts are not translating into sustainable, affordable home loans for those who are at risk of foreclosure. Blame seemingly cascades back and forth between unwilling banks and unsalvageable homeowners, while the state and federal governments attempt to bridge the two sides.

Effects in areas of high unemployment are gaining momentum. Many rural towns, especially, are simply isolated from quick solutions, like new business moving into town to hire or workers or non-profit agencies that assist those in danger of foreclosure.

While ACORN has been on the receiving end of jokes for the past year, other agencies have remained in the trenches, slugging it out for troubled homeowners. Meanwhile, other third-party hucksters have surfaced in the form of refinancing scams, creating situations where people not only are not receiving help, they are also being pick pocketed very, very slowly by white-collared criminals.

Opportunity:

One of this summer’s nagging questions has been, “Has housing hit bottom?”

Certainly, a lot of homes changed hands this summer, but then again, there were a lot of homes available at lower than usual prices, made even more affordable by low interest rates. And to top it off, August came in lighter than expected, and the $8,000 tax credit is for all intents and purposes off the table by now.

Home prices should remain low, and properties available via foreclosure are likely to increase in the coming months.

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