When Debt Settlement is the Smart Thing to Do

When Debt Settlement is the Smart Thing to Do

Before you make any big decisions like hiring a debt settlement company to attempt to settle your debts, it’s important that you understand how it works, what you’re getting into, and the other options you may have. Debt settlement can have a big impact on your personal finances let’s talk about when debt settlement is a smart decision and when perhaps it’s not. How Debt […]

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Statute of limitations

Statute of limitations

Bill collectors hounding you? Considering repaying or negotiating an old debt? The statute of limitations on bills, often referred to as tolling of time is a powerful tool for consumers. The SOL can thwart off lawsuits and collectors when attempting to collect or sue on dusty old debts. If a debt is legally expired, you can escape being sued or having to pay it back. […]

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How lenders use FICO® Scores

How lenders use FICO® Scores

90% of top U.S. lenders use FICO® Scores when making lending decisions When you apply for credit—whether it’s for a credit card, car loan, mortgage or other type of credit—lenders will want to know your credit risk. That is, they’ll want to know how likely you are to pay back your credit obligations as agreed. To help them understand your credit risk, lenders use FICO Scores. […]

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Credit Scores

Credit Scores

Ever wonder how a lender decides whether to grant you  credit? For years,  creditors have been using  credit scoring systems to determine if you’d be a good risk for  credit cards, auto loans, and mortgages. These days, other types of businesses — including auto and homeowners insurance companies and phone companies — are using  credit scores to decide whether to issue you a policy or […]

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