Monthly Archives: July 2008

Can anyone explain to me how those debt-reduction companies work?

azny196 asked: I’m about 10,000 dollars in debt, and despite trying, I am unable to crawl out of this hole. I do make more than my required payment on time monthly, only have debt on three credit cards, but my debt stays the same. I was thinking of one of those debt consolidation companies I…

Insiders Guide to Credit repair?

Tee asked: I want to repair my credit I know this will take some time however, I have come into some money and want to pay everything offf thats on my credit if I do so what will happen? will be removed? will my score get higher? I’m so clueless as to what will happen…

Can anyone refer me to a reputable debt reduction company?

Spyederman asked: There are so many different companies out there claiming to be able to reduce your debt by 40-50% by working with the credit card companies. I want to reduce my debt and get it paid off once and for all without taking 20 years to accomplish it. If anyone has used any of…

Can high credit card interest rates promote recession?

AbeLincolnParty asked: What is the difference on fighting a recession with lower Fed rates of interest and lower credit card interest rates (including associated charges). Please include an estimated time lag difference in effects as well. Want to Comment on this Question, see comments above Related Blogs Related Blogs on Credit Card Interest Rates Low…

Debt Reduction?

bjann_2 asked: I have recently been introducted to a debt reduction program- which sounds to good to be true. I need some advise. This program is where i stop paying my bills in order to get the credit card companies to settle. In the mean time, I am setting money away into an account known…

Will It Blend? – Credit Cards

Blendtec asked: See what happens when we put 24 credit cards into a Blendtec blender. See more at willitblend.com Caffeinated Content Related Blogs Related Blogs on tear up credit cards Identity Theft: How to Protect Your Good Name Tear Up Your Credit Cards But Leave the Account Alone Tina R Double Penetration, Toys Anal, Anal…

Do you know your Credit Score?

Wanted to share with you a resource I use every year to get a copy of my credit report.  If you were not aware your entitled to getting a copy of your credit report from the three major credit reporting agencies (Trans Union, Experion, Equifax).  Fundamentally getting a copy and correcting any mistakes is part…

Credit Card Reform – The Fed Wants Your Opinion

OK have you ever missed a payment on your credit card and not only had to pay a hefty late fee but also had your interest rate raised in the process. I know we all should be making our credit payments on time and if possible making them early to avoid late fees, but to…