It is very common when consumers find themselves in a bad credit situation, drowning in debt and seeking any form or relief, that they will first set a goal to pay off their debt and get back on track. Then, month after month, they find themselves paying credit card interest, late fees, loan penalties and [...]
Archive for March, 2009
The first step is to understand the credit granting process. With home foreclosure rates growing daily and personal bankruptcies soaring, lenders are taking a closer and more skeptical look at credit histories and reevaluating the implications of credit scores. Historically, one’s credit score, that magical 3-digit number generated by credit bureaus with range between 300 [...]