If you want to learn how to find a reputable credit counseling agency, this article covers the key questions you should ask to avoid the scammers. Specifically, you want to press them about licensing, accreditation, services, and fees. Here are the top seven questions. Question #1: What source can I use to verify that you're a federally approved, … [Read more...]
5 Dire Consequences of Having Bad Credit
If you think that having a bad credit score is not that big of deal, you're sadly mistaken. The consequences of having bad credit are far and wide. Below, you'll learn about things such as higher fees, and the potential impact on your employment and marriage. After reading these tips, I think you'll make and even bigger effort to take care of your … [Read more...]
The 4 Best Debt Consolidation Options and When It’s Smart to Pursue This Strategy
When you're considering consolidating debt, it means that you're attempting to lump all of your debts together in order to make one payment to creditors. It's not for everyone, especially if your debts are deep and severe. But if handled correctly, it can be a great way to pay off creditors faster and save money. In this artlcle, you'll learn … [Read more...]
How to Talk to Debt Collectors and Gain the Upper Hand
If you want to know how to interact with difficult debt collectors, this information is for you. In this article, you'll learn what powers debt collectors have, what to say to them on the phone, and how to negotiate with them. After reading this information, you'll discover that debt collectors are more like paper tigers than fire breathing … [Read more...]
Credit Card vs Debit Card – The Pros and Cons of Each
When it comes to the credit card vs debit card debate, you might think that they're kind of the same thing give or take a few minor tweaks. But, in fact, they are very different. And each can play a different and important role in your finances and the decisions you make about spending money. After reading this article, you should have a clear … [Read more...]
How to Close a Credit Card Account Without Hurting Your Credit Score
Many years ago when I was establishing a credit history and not paying very close attention to my credit file, I accumulated as many as 12 credit cards. A nice chunk of them were department store and retail cards that I came by as a result of taking advantage of (or falling for) instant 10%-15% discounts on purchases while checking out at the cash … [Read more...]
How to Fight Debt Collectors and Win
If you're currently being harassed by arrogant and obnoxious debt collectors, then you need to keep reading so that you can protect yourself and avoid becoming a victim. In this article, you'll learn how to fight debt collectors and win. You'll get the scoop on how they operate, the law that governs them, how they find you, how to get them to … [Read more...]
6 Types of Loans You Should Avoid Like the Plague
If you need money fast, there are a variety of borrowing options. But below are six types of loans that you should stay far away from. All of them come with very high interest rates and fees, and some of them can even harm to your credit. Payday Loans You may also hear these loans referred to as cash advance loans or check advance loans. The idea … [Read more...]
7 Unconventional Ways to Eliminate Student Loan Debt
Have you ever the heard the funny joke about how a nuclear bomb could explode on your town, and everything would die except for the rats and cockroaches? Of course, the point is that they are virtually indestructible. Well, in the world of money and personal finance, federal student loan debt is like the cockroach that can't be destroyed. You … [Read more...]
Steer Clear of These Sneaky Debt Relief Scams
If you're seeking debt relief help, here's some important information you need to know about this particular industry. In this article, I'm going to point out some of the debt relief scams that are taking place in the credit repair, debt settlement, and debt consolidation areas. After reading this article, you'll know what to do to ensure that you … [Read more...]
FICO Credit Score Boosters
Believe it or not, it’s not very difficult to identify the components that affect your FICO credit score. This information is widely available. In addition, it shouldn’t surprise you that some components carry more weight than others. But what matters most is what you do with this knowledge. You have to apply it. Below are the elements that make up … [Read more...]
8 Step Credit Report Dispute Strategy
In the White Wealth Belt course, you learned the basics of disputing incorrect/inaccurate items contained in your credit file. Unfortunately, a credit bureau may not honor your first polite request to resolve the problem. The 8-step credit dispute strategy is a ninja technique that you can use to turn up the heat on them. The key to this technique … [Read more...]
Cleaning Up Your Credit Report
There are two phases to regaining control of your credit. The first phase is to review your credit reports and make sure they don’t contain incorrect or inaccurate information about you or your credit history. This is the area that we will focus on in this section of the mini-course. White Wealth Belt (WWB) Jumpstart Training … [Read more...]
3 Debt Relief Options If You Can No Longer Make Minimum Payments
When you obtain your credit reports, they will probably confirm what you already know about your finances. You may see large outstanding balances that seem insurmountable. The monthly payments may exceed your take home pay. So what can you do when you’re drowning, but don’t want to deal with the long term effects of bankruptcy? White … [Read more...]
Strategy for Paying Off Debts Faster
You will eventually find that your household budgeting program will free up extra cash. Hooray!! If it were me, I would use that money to pay off debts. As I mentioned at the beginning of this mini-course, your goal is to get your total debt (excluding your home mortgage) below 50% of your total annual gross income. White Wealth Belt … [Read more...]