www.CreditCardReliefFormula.org What happens if a credit card company sues you during debt settlement? It is easy to settle your own debts often for a dime or two on the dollar. Creditors do not often sue you. But if they do, here’s what can happen…and you will be absolutely shocked.

E Law Blog

Are you sinking in credit card debt? Are credit card companies harassing you on a daily basis. Tune in to this week’s episode of “The Discount Trendsetter Show” to learn how to reduce your credit card debt in a trendy way.

Show My Shots

Wondered why do we ever need credit card? To your surprise, you actually need to have a credit card these days. But you do NOT need credit card debt. As Suze Orman explains.

E Law Blog

I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80’s or early 90’s. Thanks.

Wallpapers 5

A video made for college freshmen starring Alexandra Brock and Felipe Gonzalez.

Wallpapers 5

My father in-law has incurable cancer, and outstanding credit card debt of about $55K. Can the credit card companies sue his estate or children to collect the outstanding balances on his accounts once he passes away?

Giga Flux

nmsuadmfinaid asked:

Credit Card Debt

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Under federal law you are entitled to get a copy of your Free Credit Report once every 12 months, when you request it form the three main American Credit Report Bureaus. It’s important to note that while you can get your Report for free you cannot get your actual Credit Score for free. You have to pay extra for this. Also be careful of the added products and services that these 3 bureaus will offer you.

About Your Free Report

If you have borrowed money for a car, house, maybe a stereo or some other purchase then these 3 big Bureaus will have your information on their file. It’s important to note that each place you get the product from has to then pass your loan and credit information back to these bureaus, but in most cases they will pass it back to just one, therefore to get an accurate credit report and credit score it’s essential that you get a credit report form all three of the main credit report bureaus, as their information will vary. When a creditor is trying to determine whether they will loan you the money they look at all 3 bureaus and make the middle score (not to be confused with the average).

How your Credit score is determined?

It’s absolutely important to understand what your credit report is exactly made up of. Here is a list of the following ingredients:

Payment History 35%

Amount Owed 30%

Length of Credit History 15%

New Credit 10%

Types of Credit Used 10%

Improving your score:

Do Not open a number of new credit cards that you don’t need just to increase available credit. Using these approaches could backfire and actually lower the score.

Try to keep balances low on credit cards and other revolving credit. Paying off debt rather than moving it around. Owing the same amount but having few open accounts may lower the score. Try not to close unused credit cards as a short term strategy to raise the score.

If you look at at your Credit Score and it’s terrible, what to do?

There are many options open to you to prevent you having to file for bankruptcy and a huge number of options to put a plan into practice to get you on the path back to a good score.

Credit Counseling

These business will look at your economic profile and determine just what your position is, then they can go about fixing it. They will normally create a monthly plan and budget to get you out of debt. They will look at how much money you’re spending and income you have coming in – then they will attack both areas to optimize you financial situation. Look for the following list of additional services:

Budget Counseling

Savings and Debt Management

They education materials should be for free

Work out what the fees are, including monthly and set up fees.



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TheSageandSpirit asked:

A step by step video talking about the reality of credit card debt, and how the credit card companys are really charging you 83.3% interest.

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