Question: Can I remove a medical collections from our credit report? It has been paid and it is our account. I didn’t know that it had been reported. I did call the collection agency and was told by law it could not be removed unless there was a mistake. I was told I could dispute […]
Can a Medical Collection Be Removed From My Credit Report? Read More »
Question: One of my subscribers had a question. She asked, “What’s the best way to have negative information removed from my credit report?” Answer: Negative information can legally stay on your credit report for seven years. For some negative information, such as a bankruptcy, it can be as long as 10 years. The subscriber didn’t
What’s the Best Way to Get Negative Information Removed From My Credit Report Read More »
During my interview on ABC News NOW, I gave 5 easy to use tips to help you save more money.
Save on Your Car: Many people don’t realize that you can refinance your car loan just as you can refinance a mortgage. A car refinancing is faster, simpler to do and costs virtually nothing. Average savings: $1300 over the life of the loan.
Here are 5 Easy and Creative Ways to Save More Money Read More »
If you’ve ever pulled your credit files from Experian, Equifax and TransUnion – each of the three major credit bureaus- and tried to compare them, you know that certain information in your credit records likely to be different. But did you also realize that the manner in which the credit bureaus present your credit data
Differences In Equifax, Experian and TransUnion Credit Reports Read More »
FICTION: If I check my credit report often, all those “inquiries” will lower my credit score.
Fact Versus Fiction About Credit Scores Read More »
Creditors can sell your debt. When your debt is sold to collectors, some might use the threat of court action to try to intimidate you in order to get you to pay up.
Technically, it is illegal for collectors or creditors to threaten court action if they do not intend to carry through with it. Taking you to court is time consuming and expensive for them, and there is no guarantee it will result in the outcome the creditor wants. So typically, a court action is a tactic to get you to pay up, or to obtain a default judgment against you if you don’t respond to a summons and complaint.
5 Tips if You’re Facing Court Action from a Debt Collector Read More »
When it comes to credit scores, even small debts can raise big questions. One common concern is whether a $50 collection account will damage your credit. Thanks to updates in scoring models like FICO 08, there’s good news for consumers, but also a few critical caveats. FICO 08 and Small Collection Accounts FICO 08, a
Will a $50 Collection Account Hurt Your Credit Score? Read More »
Forget about lying, sexual incompatibility or infidelity. The real threat to your relationship may be your (or your partner’s) tendency to splurge on things that are outside your budget. As I often explain on Facebook, Twitter and in my financial seminars, the consequences of rampant over-spending — especially when using credit — are enormous. Not only are credit card delinquencies, bankruptcies and foreclosures on the rise, debt is even a huge factor in families being split apart.
How Debt Can Ruin Your Relationship Read More »
Here is the latest scam alert posted on the FBI.gov website and sent to anyone who subscribes to their new scams and warnings email list: Fraudulent Notification Deceives Consumers Out of Thousands of Dollars The IC3 continues to receive reports of letters and e-mails being distributed pursuant to prize sweepstakes or lottery schemes. These schemes
FBI Issues New Warning on Lottery and Sweepstakes Scams Read More »
In my book, Zero Debt, I explain how I got into debt (mainly via overspending), and also what it took to get me out of debt. To pay off my credit card bills, I used the exact same strategies I outlined in my book — getting a budget together, cutting back on frivolous spending (like vacations
How Did Lynnette Khalfani-Cox Erase $100,000 in Debt in 3 Years? Read More »
If you have never seen your credit reports, or been told your credit scores, you may have only a rough idea of your standing. If so, that’s a big mistake. I don’t want you to have hazy or vague knowledge about such a very important topic. I want you to be crystal-clear about your credit rating and know what specific actions you can take to maximize and even profit from it.
Is Having Perfect Credit Just About Having a High FICO Score? Read More »
A woman needs advice on wheter to pay off her debt or use her money to buy a second home. Click now to hear Lynnette’s advice.
Should I Pay Off My Debt Or Use My Savings To Buy A Second Home? Read More »
Soft inquiries – even lots of them – will not bump off or remove hard inquiries on your credit reports. This is because all inquiries stay on your credit report for two years, and hard inquiries count against you, for the purposes of calculating your FICO scores, for one year. What Is the Difference Between
Can You Bump Hard Inquiries Off Your Credit Report By Monitoring With Soft Inquiries? Read More »
Question: I have a question from one of my readers, who wanted to know about what to do with regard to student loans that they’re not able to pay. The person said, “I currently have about $30,000 in student‑loan debt and have not been financially able to make any payments in about two years. I’ve been
Are There Any Programs That Can Help Pay Off My Student Loans? Read More »
Here is an article from ConsumerUnion.org that warns consumers about the new Kardashian Kard which they claim is loaded with hidden fees and weak consumer protections when compared to other prepaid debit cards. “There’s nothing glamorous about a prepaid card that comes with a bunch of hidden fees and other gotchas,” said Suzanne Martindale, Policy
Kardashian Kard Gets Thumbs Down – ConsumerUnion.org Read More »
