Posts tagged as:

bankruptcy

Thumbnail image for How Debt Struggles Impact Credit Scores

How Debt Struggles Impact Credit Scores

May 14, 2010

One of the most common questions when considering the different debt reduction programs available to consumers is how will they impact your credit score. This is an important issue to keep in mind when determining which debt reduction strategy is the best fit for your particular situation. “FICO” score FICO is the most widely used [...]

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Chapter 7 Bankruptcy Filings Continue To Grow

April 22, 2010

If you are considering filing for Chapter 7 bankruptcy to discharge your debts and get a fresh start, you are not alone. In fact, you would be joining a growing number of others also seeking to wipe the slate clean. A continuing bad trend Personal bankruptcy filings have gone up every year since 2005, according [...]

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What Is The Fastest Way To Get Out Of Debt?

April 21, 2010

If you are like most people struggling under the weight of high debt balances, you’ve probably tried as best as you could to at least make the minimum monthly payments on your credit cards. After all, the usual thinking at first is “I’ll pay the minimums now, but plan on paying more later.” But if [...]

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Federal Trade Commission Warns Consumers About Debt Settlement Companies

April 7, 2010

For the past couple of years, the debt settlement industry has been closely watched by the Federal Trade Commission (FTC). Debt settlement companies attracted this attention because of the high volume of deceptive advertisement they’ve been targeting consumers with. It’s no secret that millions of Americans are struggling with high debt balances, and many debt [...]

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When Will Negative Information Come Off Your Credit Report?

March 22, 2010

Regular readers of the DIY Debt blog know how important it is to have a comprehensive understanding of how credit score reporting works. We’ve tried our best to explain in plain English how credit scores are calculated, how to fix errors on your credit report and how to effectively rebuild credit so readers can educate [...]

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