Charged-Off Debts The original terms from the loan still apply. All that fine print that no one reads becomes important now. Generally it gives the lender quite a bit of latitude to charge interest and penalties.
Fixed Home Loans It's also a good time to consider whether you want to switch from a variable to a fixed rate mortgage. No one can reliably predict future rates. But, it is safe to assume that it is possible for mortgage rates to rise.
Free Credit Reports The FTC proposed a scheduled roll-out that would begin in 13 western states on 12/1/04 and would end with the eastern states on Sept. 1, 2005. So depending on where you live you'll be able to get a free report by fall of 2005.
Inheriting Debts Someone once said that you should try to spend your last dollar the minute before you die. Although it's an interesting idea, I'm not sure that it makes for a good financial plan! For most of us the best plan is one that provides enough money for our life and leaves something to our children as a legacy.
Insurance & Cred. Score We're not going to debate whether it's good or bad for insurance companies to use credit and insurance scores. We'll leave that to others. What we will do is to help Denise get the lowest possible insurance rates.
Loans after Bankruptcy But, as Vi's found out, the bad news is that a bankruptcy is the worst thing that you can have on your credit report. Depending on the circumstances it can remain there for up to 10 years.
Payday Loans Many payday lenders don't want Michelle to know how much she's paying. A Public Interest Research Groups survey found that only 37% of the lenders quoted an accurate Annual Percentage Rate even though the federal Truth In Lending Act requires it.
Real Credit Repair Lenders use the score to determine whether to approve your loan and how much interest to charge you. Others use the score to see how financially responsible you are. Insurance companies, employers and landlords are among those using your credit score in determining whether they want to do business with you.
Your Credit Score Like many people, Earl recognizes that his credit score will have an affect on how much interest he pays when he borrows money. It could also affect whether he gets an apartment or job and how much he pays for insurance.
