Putting Your Credit Report On Ice

Before you throw your credit card in the icebox, you should take time to understand what, exactly a credit freeze is.

Essentially, a credit freeze is one of the best tools you have against identity thieves. By placing a freeze on your credit reports you are preventing new accounts and new lines of credit from opening in your name. To add to this, during a freeze employers, lenders, and anyone else will be unable to check your credit report. This is of great assurance to anyone who is facing the possibility of identity theft or is undergoing the painful process of recovering from the theft. [Read more]

Collections And You

At one point in time, we have all gotten a letter concerning an account that has gone into collections. If you are like most people you probably throw the letter away and never gave it a second thought. This is a mistake, especially if you are concerned about the state of your credit.

An account that has gone into collections, no matter the amount, is a devastating blow to your credit rating. Ideally, you should try to keep up with your bills but we have all been unable to from time to time. If you find that you are unable to pay a bill talk with the company. Many companies and organizations are willing to work out a payment plan so the account is not given over to a collection agency. After all, the company would rather have some money instead of none. If it is too late for such negotiations and your account is shown as delinquent then there are still actions that can be taken. [Read more]

Is Debt Settlement A Solution for You?

If you were to take a survey of the American public, you would find that the majority of people in America have debt. The amounts they owe can range from a few hundred to a few hundred thousand. Many of these people are anxious to do something about their excessive debt, yet they aren’t interested in filing for bankruptcy, nor are they interested in putting their home up for collateral so that they can take out a debt consolidation loan. [Read more]