Identity theft is rampant in this country, and we’ve previously reporting on ways to reduce the risk of identity theft.  But we’re always looking for an easier way to get things done.
Technology has made life in the 21st century a breeze in comparison to the lives our grandparents lived.  The Internet has been the driving [...]

Credit card company raise your interest rate without notice, pulling the rug out from under you?  If so, you may be in luck.
Boston.com reports on a bill currently pending in Congress would stop credit card companies from just deciding it’s time for them to get more money by raising your interest rates and fees. The [...]

Old notations on your credit report are supposed to be removed after a specified period of time.  The problem is that most people don’t know just how long is too long.
Under 15 USC 1681c, a credit reporting agency must remove information that is too old to be reported.  Such information that must be removed includes:

Bankruptcy:  [...]

Does a creditor receiving payments in a Chapter 13 bankruptcy have to update the consumer’s credit report to show that the balance on the loan is being paid off?  In a recent Wisconsin bankruptcy ruling, the court came out on the side of the consumer.
In the case of In re Luedtke, the debtor had filed [...]

New York University Professor Nouriel Roubini claims that the United States is in a recession that will last for at least 18 months and help kill off hundreds of banks. Left in the wake of this calamity will be a $1-$2 trillion price tag for taxpayers.
Mounting losses as a result of the housing bust [...]

Fix your credit.  Repair your credit score.  Delete judgments, bankruptcies, and past due accounts so you can qualify for new credit at favorable terms.
Sound familar?  Those are the stock phrases millions of consumer hear on late-night television from the scammers who are out to get your money.  They promise the moon and stars, then promptly [...]

A recent story on bankrate.com speaks about the true costs of debt - from psychological well-being to the loss of opportunity due to lower credit scores and back again.
The money is nothing to sneeze at. According to the article:
“The average household has $11,000 to $12,000 in credit card debt,” says Christopher Viale, president [...]

Two debt reduction companies - Debt-Set and Resolve Credit Counseling, Inc. - have agreed to settle Federal Trade Commission charges alleging that they violated federal law by falsely claiming that they could reduce consumers’ credit card interest rates or the amount of their credit card debt.
Both companies sold debt reduction services through Web sites and [...]

Rating agency Moody’s has recently given a negative outlook to the U.S. credit card sector. In its report, “2007 Review and 2008 Outlook: US Credit Card-Backed Securities,” Moody’s noted that although delinquencies and charge-offs are on the rise in credit card accounts, the levels are still nowhere near all-time highs. Current charge-off levels are [...]

Everyone receives these emails on a daily basis - offers to reduce completely wipe out your debts legally.  But there’s an old saying that if if sounds too good to be true then it must be, and this is no exception.
The secret here is that the only way to legally erase your debts is to [...]