Interpreting Your Score – Credit Series – Part 4

by Jeronathon Angeles on August 20, 2009

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If you opt to get your credit score with your report, it will be generated for you at the time of your report. Your score is a static number and applies at the time you pull your report. If anything was reported even a few minutes after you pulled your report, you will have a dynamically different score. Since you can not have continuous monitoring of your score and since you should not pull your score often, it is good to understand what makes up your score. [click to continue…]

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The Man Who Desired Gold

by Jeronathon Angeles on August 19, 2009

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I just reread a timeless classic on managing your finances by George C. Clayson. The Richest Man in Babylon was written well before my grandmother was born and it takes place in a time before most ancient civilizations were founded. It is a fictional tale about a man who seemed to have all the luck. He had vast properties, traveled the world, had large sums of gold, and his wealth was even greater than that of the king. Its written in a nice story format, but it has so many lessons about money and goes into great detail about why we desire it. [click to continue…]

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The Secret History of The Credit Industry

August 19, 2009
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I watched this video a while back and it really opened my eyes to the whole credit card industry. If you have some time, I recommend watching it as it gives a very good perspective of debt and how we are all drawn to it.
There were efforts to get credit card industry reform and its [...]

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Credit News Update

August 19, 2009
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Just as I am in the middle of writing a blog series on credit, tomorrow, major changes will be made in the credit industry. The new law, phase one of which is set to begin tomorrow, will have give more advanced notice for major changes to credit card agreements and will extend the amount of [...]

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Understanding Your Credit Report – Credit Series – Part 3

August 19, 2009
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Now that you have a copy of your credit report, it is important to understand the details of what goes into it. Depending on where you pull your report, it will be formatted differently. All the information contained in that report ultimately will be the same. For you designers out there, think of each report [...]

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Ordering Your Credit Report – Credit Series – Part 2

August 18, 2009
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To keep up to date with your credit profile, it is recommended that you pull your credit report at least once per year. The information contained on your credit report is only as accurate as what is given by your creditors. In a 2004 study, the Public Interest Research Group, a non-profit organization and advocate [...]

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CRAs and Credit Reports – Credit Series – Part 1

August 17, 2009
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Over the years and through working with homeowners in getting their loans and saving their loans, I have realized just how sadly undereducated our population is to credit. One reason is that we just don’t have enough education about credit to make informed decisions. Secondly, our relationship to credit is such that some of us [...]

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Consumer Resources to Check Out

August 17, 2009
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These are all resources provided by the Federal Trade Commission, the nation’s largest consumer protection agency, to help protect against fraud and detect deception.
1. Report a Rip-Off
www.FTCcomplaintassistant.gov | 877-FTC-HELP
Does this actually resolve the complaint? Not necessarily. This just reports the activity to a database that is used by several law enforcement agencies across the country. If [...]

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8 Steps to Crisis Debt Management

August 14, 2009
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Talking about debt is probably one of the things most people tend to avoid yet it is among the most common problems in every household. We are surrounded by it even in our own governments. How many times have we heard on the news that the city may have to file for bankruptcy or the [...]

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Creating a Budget

August 13, 2009
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Budgeting can be one of the most perplexing parts of life. Sure, we all know that businesses and governments need to run on budgets, otherwise they could easily spend themselves into disaster. Personal budgets, however are a different animal altogether. Most people think of budgeting as just spending a little less than what they make [...]

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