Credit Card Debt Trap #1
By Mike Wayman
People seek out credit repair for a number of reasons. Not everyone seeks credit repair because they’ve had a serious hardship in life. Some people seek out credit repair services because they’ve fallen in to a credit card debt trap. This video is part one of nine video features on credit card debt traps and the ways that people fall in to them.
If you have been victimized by a credit card scheme you may very well be able to get the negative credit taken off your credit report. Don’t let the credit card companies take advantage of you. Call Certified Credit Repair today for more information on how we can help you.
Not Even Congress Can Get Your Creditors on the Phone
By Mike Wayman
Perhaps this post is a bit different from the rest. The reason is that this story needs to be heard. I think one of the reasons that so many people get scammed in the credit repair industry, the debt consolidation industry and in the loan industry is that the providers of credit, the people that extend debt and loans stop caring about you completely when you experience a hardship.
The moral of the story is that we are important to our creditors only when we make our payments on time. If we experience a hardship, or, as I like to say it, if life happens to people, then there is no one to talk to on the credit provider level that can help. What this causes is the client seeking solutions elsewhere. Perhaps the best way to clean up the financial services industry is to regulate it more. Not necessarily regulate it more in terms of what they offer or how they conduct business, but how they respond to customer care when financial hardship arises.
How And Why Your Credit Score Will Change
By Mike Wayman
How often does our credit score change? What causes a change in our score? Any time our credit report changes, our score can change. What would cause a change? There are several reasons.
You may have missed a payment, or made a payment late. You may be applying for a credit card or a new loan. You might be changing the amount of available credit that you have with a particular company. Perhaps you have defaulted on a loan, or filed for bankruptcy.
Some will find when they apply for a gas credit card, for example, your credit may go down if you update your score. Once the creditor reports to the credit card bureaus of your activity of paying on time, and not keeping a balance, your score should go right back up. After all, your total overall credit has gone up.
If you have stable finances, your score should not be constantly changing. In fact, your credit score may stay the same for many months. If you resolve any debts, or clean up any mistakes in your credit files with the credit bureaus, this will also affect your credit score. Keep an eye on your credit score by checking at least once a year. If it doesn’t change you can be secure and comfortable with your score.
