Clear you Bad Credit Today

Check out our weekly roundup, focusing on some serious, funny and outrageous stuff in the credit space.

Serious Stuff:

Facebook Friends Can Be Credit Score Enemies:  Adrienne Jeffries of The New York Observer wrote that “a new wave of start-ups is working on algorithms gathering data for banks from the web of associations on the internet known as ‘the social graph,’ in which people are “nodes” connected to each other by ‘edges.’”

The bottom line is that lenders may look at who you know as an influence on you and your credit scores.  Seems we may all be facing up to Facebook.

Follow her

Funniest Credit Score Tweet of the Week:

It’s funny my credit score, my blood alcohol content & high school GPA are all the same number (1.2)  comedian Ron White. Check him out here <

Full Article…

Over 12 million people (36 per cent of credit card holders) will spend the first month of 2012 relying on their credit cards simply to fund day-to-day living costs, according to the fifth annual Post Office Consumer Credit Report.

Whilst this is only a 2 per cent increase on the 2011 figures, it does highlight the large number of people relying on credit cards for essential purchases in January. The report also revealed 42 per cent of credit card holders are expecting to use their cards for grocery shopping.

Against the backdrop of economic instability and rising living costs, consumers expect to be more reliant on their credit cards in January 2012 than this year, with over two million (seven per cent) people planning to put more on plastic in January 2012 compared with January 2011.

Full Article…

Many of you in the country are faced with debt problems. If you are in debts, you not only have to bear acute financial pains but you also have to think over how to eliminate debts. You can opt for a variety of debt elimination programs, but before enrolling into a professional debt elimination program, you can take the help of a debt calculator. Depending upon the particular debt elimination program that you are resorting to, you can save a significant amount of money and pay off your debt obligations. For instance, if you opt for debt consolidation program, you will be required to pay single monthly payment amount, instead of making multiple payments to your creditors. Moreover, the single monthly payment amount is less than what you used to pay to your multiple creditors per month in total. Full Article…

Open Credit Report Dispute to Correct the Unwanted Mistakes – By: Avishekseo

If you discover any mistakes on your credit report you will call for to open a credit report argument. It is very important to check and take care of your credit score. Having a first-rate credit score can be the choose aspect if you need to pertain for any kind of financing, and it can also make a gigantic distinction to the interest rates that you will pay on a advance or other loan.
The good news while is that mistakes and any other unenthusiastic entries on your report can be aloof. What is more, it is incredibly effortless to begin a credit report clash, which is the first step in having errors corrected. However, it is vital to follow the process in the right way.
The first step is to find the address of the agency that shaped the report and write to them. Full Article…

You kind of have to wonder. What’s worse? Having your credit card stolen, or being mocked for it on the blogosphere?

Why didn’t I think of that?

On being mocked, here’s how the Gothamist.com opened a story about a con man who, earlier this year, ripped off the credit cards of three tourists to New York City: “Hey, con artists, you don’t need a bag with a broken bottle or broken glasses any more–all you need is to ask some of NYC’s 50 million tourists for their credit cards and they’ll give them to you.”

It seems that Olivier Rey, from Switzerland, would approach people in the Sheraton Hotel & Towers, acting as if he was just a victim of bad luck. As Gary Koelling, a Minnesota resident, told The New York Post, Rey had told him, “I just left my wallet in the cab. I don’t know how I’m going to get it back. My family is here.

Full Article…

Credit card use is at an all-time high for the holidays, but thats not the only thing thats on the rise. Hello again, credit card fraud. Thanks to new advances in technology, todays thieves can “skim” your card information, sometimes while the card is still sitting in your wallet. As a result, consumers should be extra cautious when using plastic to pay for their holiday purchases.

Try using a few of these techniques to ensure that your credit card information stays private this season.

Full Article…

I applied for a home loan and was given a rate of 5.0%, (I know really good but thats what it was.), and by the time our papers were signed it was back up to 6.0% in a matter of hours. Which makes a big difference in monthly payments, just thought that was strange maybe not?