Technorati Tags: credit, credit card debt, credit repair

I am planning to take debt consolidation loan but want to know some information. How can I find the secured debt consolidation loan?

You can find the secured debt consolidation loan easily.
First it should have rates on secured loans are lower.
Next it should have smaller amount of monthly payment.
Ability to borrow to another amount.
It should not have longer repayment terms.
It should not have high risks if unable to maintain payment.

I want to start a credit repair business and need to know the resources that can help me to get started.

Certainly.

When you finish your Master’s Degree in Accounting, take the CPA exam. Work in a CPA firm for two years so you can get your certification, then go to law school. After law school, take and pass the bar exam.

When you are a CPA and licensed attorney, then you will have the required resources to begin a credit repair business.

I have debt problem and still now it is manageable. I just want to know the use of debt consolidation program. Is it really effective?

Yes, debt consolidation program is effective in some situation. Debt consolidation programs are usually just a big loan that pays off other smaller loans. Sometime this program helps you or hurt you, which depend on your situation. You should also be aware that you may end up paying more total interest if you use a debt consolidation loan.

Nearly a year ago I paid someone to repair my credit. She is licensed. I have a written contract. She has done nothing to help my credit and will not respond to email or telephone inquiries. How can I report her to state licensing agencies (Texas) and the credit bureaus?

Many of these companies do not offer guarantees on their services as its almost impossible to guarantee that they will improve someone’s credit. Unfortunately paying someone for a service is taking a chance. You pay your barber for a haircut in hopes that he/she will provide you with a nice looking hair cut. You pay a lawn care service in hopes that they will improve your lawn care or take care of your lawn better than yourself. Unfortunately all service companies do not always provide the type of service you are looking for. If you can prove that the credit repair company did little to nothing to improve your credit you may have a case, but if they can show documented proof that they indeed did do what they were supposed to and it just simply did not help to improve your credit, you will have a tough time.

Also, a good resource is…

http://www.safelinked.info/jump.php?link=debt

Best of luck.

I want a limit of maybe 10,000 dollars to help with my wedding. I also currently have a credit card, my only credit card of 3,000 dollars that I would like to pay off with the new credit card. I have very good credit so I really dont think that will be an issue.

I just wrote an article on this very topic.

I would definitely go for a Visa or Mastercard. You can use any main company (Bank of America, Chase, etc.). Just do a quick comparison on those sites and see which one offers the lowest rates for the longest period of time. If you are transfering a balance, don’t forget to see what the balance transfer fees are!

Just look for the ones that are offering a zero percent interest rate (and a rewards program would be nice). Make sure to only do this from secure websites that are from the actual companies. Good luck, and I hope you have a blessed marriage =).

http://www.Credit-Card-Advice.com/

I want to start a credit repair business and need to know the resources that can help me to get started.

You want to start a credit repair business and haven’t a clue as to starting one. Do you realize that the major credit card companies are the ones who have subsidiaries that are repairing credit ? Where are you going to get the leads ? How are you going to compete with them?

Im 19 and I need to start building credit. I was wondering what credit card would be a good credit card for a first timer.
Thanks!

Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - credit-report-score.10001mb.com

I know Verizon charges people a large fee for having bad credit.

On a scale of 1 to 10, how bad is your credit ?

i just turned 18 and in american NO CREDIT is bad credit.

they said anyone with a score of 300 or below will be charged $300-$400; i was charged $400

My husband and i would like to sell our place and buy another place,however our debt income ratio is too high right now.
What would be better to pay off to lower our debt to help us move. Would it be better to pay off all our credit card / loan debt or one of our vehicles?
all our credit card/loan debt equals to around $10,000 and our vehicle is about $25,000

Thank you all for your help
i should also add that our credit card interest rate on everything is 19.9 % and up and our vehicle interest rate is 15%

As mentioned - it’s best to pay off the higher interest as it would cost you more money that you otherwise wouldn’t pay.

I’m a little confused however - do you have enough to pay off the full amount of the car? if you do, then maybe fully paying off the car would be your best bet to get that new house. no car payments = bigger repayments on your credit card AND your debt to income ratio will change more significantly.

You also have to understand that debt - does not mean you will have a low credit score. Missing a payment does however lower it.

Maybe holding off on a another house and upgrading your current one may be a better option for the time being. Let the market come up a little, and have a better valued place to sell may work in your favor.

Best of luck!