Credit Repair Kit For Dummies
Format: PDF / Kindle (mobi) / ePub
Manage and repair your credit
Credit card debt is the third largest source of household indebtedness. Credit Repair Kit For Dummies gives you the tools you need to repair your credit.
This new edition covers: major changes with the Consumer Financial Protection Bureau's (CFPB) inquiry into overdraft practices and their effect on consumers; dealing with the effect of tightened credit markets on those with good, marginal, or bad credit; best ways to recover from mortgage related score hits or minimize damage after walking away from a home; updated Vantage Score information; updated coverage on reporting programs like FICO Score watch, etc.; what makes a good FICO score today; a new section on significant others (boyfriend/girlfriend/spouse) and credit/debt sharing; Debt Relief Act in a mortgage meltdown situation; the latest tips and advice on dealing with identity theft and annoying collection calls; and more. Online you'll find sample credit reports, forms, templates, and other helpful tools to help whip your credit into shape.
- Updated credit score examples with new ranges
- New information about IRS exceptions to the Mortgage Forgiveness
- Advice and tips about adding information to a credit report, and beefing-up thin credit
- Useful, downloadable, forms and tools on Dummies.com
If you have mediocre credit and want or need to better manage it in order to get a job, reduce insurance costs, qualify for banking products, and more, Credit Repair Kit For Dummies has it covered.
to manage this goal-based savings is to estimate how far in the future the goal is, what the goal costs, and what you have to put aside each month to cover the expense in time. For example, say you want to take a cruise on your wedding anniversary three years from now. The cost is $3,600 for the two of you. That’s 36 months at $100 a month. If you can’t afford the $100 a month, postpone the cruise for a year and save $75 a month instead, or take a cheaper cruise and still go in three years. The
rights — legally enforceable rights! Knowing your rights under the FDCPA gives you some much-needed confidence when you must communicate with those who attempt to collect from you. I cover your rights and protections in detail in this chapter. You can read the text of the FDCPA at www.dummies.com/extras/ creditrepair or on the Federal Trade Commission (FTC) website (business. ftc.gov/documents/fair-debt-collection-practices-act). I hope that your heart rate has decreased and you’re feeling
example illustrates how this works. Say your loan agreement states that your due date is March 1. Assuming that you have a typical two-week grace period, your payment actually has to be in by March 15. If you don’t submit your payment by March 15, you miss that window of opportunity and lose your grace period. Your April payment is now due April 1. April 15 is no longer an option. In other words, no more grace period in April. If you pay April’s payment on or before April 1, you get your grace
Major Setbacks Knowing Where to Turn for Help If you’re having trouble making your mortgage payments, time is of the essence. Getting your mortgage issue resolved quickly is critical. Remember, the mortgage company doesn’t want your house; it just wants to keep your loan performing/up-to-date/current (different terms for the same thing). But also remember that the mortgage company doesn’t care whether it has to take your home. If the rules say to foreclose, the mortgage company will foreclose,
help you work out a solution. I strongly recommend that you use a third-party intermediary that’s approved by the U.S. Department of Housing and Urban Development (HUD). These intermediaries are cheap, experienced, and knowledgeable and can help guide you through what can seem like an insurmountable problem. They’re experts at getting the right information on the right forms and to the right person at the mortgage servicer — no easy task! Although the contact information may change over time