As the realization of the credit crunch exponentially impacts more and more people, individuals are bombarded with offers to reduce debt or recommendations to file bankruptcy. Although, these offers sound great, and being in the debt settlement industry my experience has shown me they do work for most if not all people that follow through with the program. The most frequent question that is asked is how are credit scores affected while enrolled in a debt management program. Let me first start off by stating that any and every debt relief or management program will negatively affect your score. In fact, anything short of paying off debt in a timely manner will negatively affect ones credit score. Also, this information is as accurate as possible in a general nature. Every consumer has unique circumstances that could vary results. Now, that disclaimer is out of the way, lets get to the facts.My first point: if the debt that you are considering is already with collection agencies, collection attorneys, or a debt buyer and is being reported as charged off; then debt settlement is going to be a respectable and intelligent decision. Once that debt was reported as being a charge off it cannot hurt your credit more than it already has. Additionally, paying the debt in full to the initial creditor will be literally throwing your hard-earned money away. So, if you were to pay back a fraction of that debt and have it reported as being paid in full, you would feel better, right …

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Question by Nelly K 5th kid: how do i delete “see your free credit score”?
This is on “MAIL”page below the “Search shortcuts ” area.
Also delete
‘on line classes and “How to become a Teacher, nurse.

Best answer:

Answer by Yahzmin (US)
You can’t — those are paid advertisements under the control of Yahoo and you can’t do anything with them.

Give your answer to this question below!

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Contact The DeWitt Group to get the right answers for your best results. Knowledge and education can make you money. Go to thedewittgroup .com or call 317-973-4137
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www.bestfreecreditscores.com Government Free Credit Score – Fact or Fiction? Possible you may have already heard about the new government mandate concerning citizens being able to obtain a free credit report. But have you heard about a ‘government free credit score? There are persons who think that the government actually facilitates free calculation of the credit score, but this is not the case. What the government actually does is to provide interested persons with access to their free credit report, but not the actual credit score. To obtain the credit score you will be required to shell out the bucks. A credit score is important whether we like to acknowledge it or not. A person’s credit score does define the person and in the making of financial decisions, you are basically your score. There is just no way around it, as this information is the most sought after information when applying for loans or applying for corporate or government jobs. Your credit report is actually also rather crucial as it allows you to determine how you are doing financially. The credit report does explain your current score, how it came to be and what caused it to be where it is. You are able to see clearly the various factors which contributed to your score such as; credit card limits, payment history, debt, number of applications for credit and other related factors. However, if you don’t want to read through pages of information just to know your financials standing then the credit score …
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Quizzle.com is the free and easy way to manage your home, money and credit – all in one spot. It’s also the ONLY website that gives you BOTH a free credit report and free credit score, no catches, no trial subscriptions, no credit card needed. By joining Quizzle (it’s free!), you’ll also get access to a wealth of great tools and information to help you make smart decisions about your life. Stuff like a home value estimate, neighborhood report, home loan recommendations, personal budget and expert personal finance advice. Visit www.Quizzle.com to get started.
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Question by mbetty27: “how long after paid collection will it appear on you credit score”?

Best answer:

Answer by SCH
If you did not negotiate the removal of the item when you paid it, it will stay on your report for 7 years. You can however negotiate the removal of items at the time you pay them off.

Please check out my source…it has great info on negotiations with creditors.

What do you think? Answer below!

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Article by Carrie Reeder

Refinancing a home loan with poor credit is a great and effective way to resolve some of your credit problems. Individuals with poor credit are likely unable to pay creditors on time or have many past due credit accounts. To fix credit problems, most people simply need extra cash to payoff debts. With this said, homeowners hoping to improve their credit should consider refinancing their mortgage.

When Is Refinancing a Good Idea?

Although there are numerous benefits to refinancing, each situation is different. To gain the most from a refinancing, the circumstances must be right. For example, if you have a high interest rate, refinancing is ideal for obtaining a lower rate. Secondly, homeowners with an adjustable rate mortgage may decide that now is the time to lock in at a fixed rate. Whatever the reason for refinancing, make sure it’s worth the closing fees.

Refinancing creates a new home loan. Thus, the procedures are comparable to attaining the original mortgage. If the purpose of refinancing is to payoff debts, opt for a cash-out refinance. This will add to the total amount owed on the mortgage. Before accepting this option, make sure your income can accommodate a higher mortgage payment.

Getting Approved with a Low Credit Score

If you have bad credit, getting approved for certain types of loans or lines or credit is difficult. However, because homes and automobiles are deemed secured loans, these are easier to acquire with poor credit. Hence, refinancing a home with a negative credit rating is realistic.

Needless to say, there is a disadvantage to accepting a loan with bad credit; and it has a lot to do with interest rates. Those who gross a sizeable income are likely unconcerned about interest rates. On the other hand, if you earn a modest income, getting the lowest rate is perhaps a major concern.

Lower rates amount to affordable monthly payments. To get the lowest rate possible with bad credit, homeowners should attempt to boost their credit score a few points. This requires little effort. Simply submit timely payments to creditors and attempt to reduce debts.

Sub Prime Refi Lenders

Another tactic for getting a low-rate refi with bad credit is using a mortgage lender that offers bad credit or sub prime loans. Your current mortgage lenders may offer these types of loans. If not, contact a mortgage broker and complete a quote request. Brokers are perfect for locating a suitable bad credit lender to handle your mortgage refi.

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Going to credit counseling doesnt hurt your FICO® score — as long as the agency pays your bills on time! Find out more in this video, where Darcy Sullivan and Craig Watts answer one of your questions about FICO® scores.

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Question by jimy86Leb: What is “Credit score” ? why knowing your credit score in Yahoo is only available in the US ?

Best answer:

Answer by Geedebb
Is this spam ?

Add your own answer in the comments!

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Article by Carrie Reeder

Home mortgage loans for people with poor credit are available at reasonable rates if you find the right lender. With some time spent online researching for low credit score lenders, you can base your financing decision on loan estimate numbers. Even with bad credit, you can find flexible terms, so you can find the right home loan for your budget.

The Role Of Low Credit Score Lenders

Low credit score lenders, also called subprime lenders, offer financing to those with scores of less than 650 at slightly higher than conventional loan rates. On average rates are 1% to 3% higher than “A” rated loans, but expect to pay more if you have just discharged a bankruptcy or foreclosure.

Subprime loans aren’t restricted like conventional loans, so you have many more options with your terms. You can secure 100% financing, interest only loans, or a traditional fixed rate 30 year mortgage.

Unfortunately, there are companies that would take advantage of your financing situation by charging high rates and fees. You can protect yourself from these dishonest companies by comparing loan offers from several different companies.

Getting A Good Loan Estimate

The best way to find a lender is to base your decision on their loan estimates. Online lenders can get you mortgage quotes in just minutes, without having to access your credit report. Not only will you get information on rates, but also on closing costs and miscellaneous fees.

To get the most accurate numbers, request quotes on the loan amount and down payment you ideally want. Just remember that if you decide on different loan terms, you will need to ask for new loan quotes.

Timing Your Mortgage Financing

To give yourself enough time to find the best subprime lender, start searching for financing before you look for a house. By lining up your mortgage ahead of time, you’ll have a better idea of your borrowing potential. You will also be able to close the deal sooner on your new home.

Most online lenders can process your loan application in a few days, with funds available in two weeks. Your escrow company will handle the final disbursement of funds.

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Technorati Tags: credit, Home, Lenders, loans, MORTGAGE, People, poor, score

Theres over 1trillion of debt in the UK. Thats 1000billion or 16666 of debt for every man, woman and child in the UK. Thats lot of shoes and handbags! Not surprising then that most people have a range of credit that they are repaying each month. Credit can take many forms: mortgages, secured loans, unsecured loans, credit cards, store cards, catalogue accounts etc. They can add up to many thousands each and for some people, debt can be a major problem as it can creep up on them and before they know it, they owe more each in monthly repayments than they earn! Well before it gets to that extent, many people decide to take control of their finances and take out a debt consolidation loan. For homeowners with a mortgage, they have the option of using some of the equity that they may have built up in their home and securing the loan against the property. For those renting their home, this is not possible, so they need to consider a different strategy. Unsecured loans for tenants are often the perfect solution for people in this situation. You can apply to a wide range of lenders but a much easier way of covering more ground and creating a better chance of finding the most suitable loan for you, is to apply for an unsecured tenant loan through a finance broker. Here, the broker will often have access to a wide range of specialist lenders and they may be able to source a provider for you when your high street bank cannot. By only applying direct to one lender, you are potentially …
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