In case you’ve never had occasion to check your credit score, here’s what you need to know:
What is a credit score?
Your credit score reflects your credit worthiness and is derived from data gathered by the three major credit bureaus—Equifax, Experian, and TransUnion. These three bureaus track your lenders, your balances, your credit limits, your payment [...]
Non-Profit Debt Consolidation Companies
We would like to caution you against using these companies. Many of them, though they say they are non-profit can still find ways to make money off of their customers. A couple of good examples:
There used to be a non-profit company called Genus who funneled $74 million dollars or so of [...]
Can debt settlement stop creditor lawsuits the way a bankruptcy filing can?
No. Sometimes, though, if you settle with a creditor, this is the way to get them to drop the lawsuit against you.
I negotiated a settlement with a creditor for less than I owed. The creditor is now suing me for the balance. [...]
I’m sure you’re saying, “I don’t have any money to settle my debts or I would have paid them – what do I do?” Well, you may have to make some hard choices to get out of your problems. And you may have assets that you hadn’t thought to tap into, here are some ideas:
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