Fix Your Credit Report TodayI Got Bad Credit Removed! I Raised My Score Over 200 Points!

No, I mean in the paleolithic period.

There are two questions for which the normal response is always a little surprising to me.

One is the question, “How much is your house worth?”

The other is the question, “What is your total yearly gross income?”

And the correct answer, apparently, is “Do you mean now?”

Normally, it’s the hubbies who answer the question with a question when I ask ‘em about their income.

And I can understand it, because a guy bases a lot of his feeling of self-worth on his ability to bring home the bacon. Read more…

My grandfather does not have a will. What do I do?

Do not panic if your grandfather does not have a will. There are other ways by which your grandfather could pass his estate to his chosen heirs. One way is through payable on death accounts. If your grandfather signed a document with his banks or brokers saying that when he dies, he would want the account to be transferred to another person, then those instructions will be followed. Another way is through a living trust. If your grandfather set up a living trust and transferred assets to it, then those assets will benefit the beneficiaries that he named when he established the trust.

Read more…

Five of the largest credit card issuers in the country reported lower charge-off and delinquency rates in July just as a separate report verified industry-wide improvement.

Bank of America, Capital One, Citigroup, Discover, and JP Morgan Chase all said that charge-offs and delinquencies fell in their credit card units in July. Citi recorded the largest drop, noting that charge-offs in July accounted for an annualized 9.1 percent of accounts compared to 11.5 percent in June.

Delinquencies also fell in July, according to monthly regulatory filings for major issuers’ master card trusts. M

Read more…

When a borrower is behind on their mortgage and seeks a forbearance agreement, the forbearance agreement includes the new terms under which the two parties (typically the borrower and the lender) agree upon with regard to the borrower’s obligation to pay. The terms in the forbearance agreement refer to the mortgage amount that has been either been reduced by amount (temporarily, typically with the reduced amount attached at the end of the loan period); suspended for an amount of time, or sometimes the payment terms have been extended. T

Read more…

This is pretty ugly.

Like the dot.com bubble wasn’t ugly?

Like the housing bubble wasn’t ugly?

Looks like higher education is the next bubble.

And I’ve blogged about this impending disaster recently, and I’ll link back to it, and you know when I’ll do that if you’re a frequent reader.

But here’s a link to a short, insightful article about a bubble that will make a lotta people sad.

And one thing in the article made me especially sad, although I already knew it: a lot of students start college, and accumulate huge bankruptcy-nondischargeable educational debt. Read more…

Getting Started on the Right Foot

Your credit repair project should start with a great user-friendly credit report. Credit reports are not all the same, and a crummy report will make your job ten times harder. The free reports that you can get each year, although adequate for a cursory review, are not conducive to a thorough credit repair review. Spring for a good tri-merged report; they are available directly from the bureaus for around twenty dollars.

Take No Prisoners

Once you have your reports in hand, take no prisoners. Every error should be identified and added to your list of issues to dispute. Read more…

There’s an old gag that says that talk is cheap, until you hire a lawyer!

So I started making some educational bankruptcy videos to help my clients understand some parts of bankruptcy law and analysis, because some people won’t read.

Some folks like to read, some hate it. No big.

So, realizing that my goal of educating the planet on bankruptcy law and practice related issues was in jeopardy, I made my first batch of bankruptcy videos.

And, boy, were they bad!!! Yowsa!!

Then I gave up and started over, and did another thirty-five or so. Read more…