Consumer Credit « Consumer Credit Directory

February 27, 2012

Will the next credit crisis be the result of Consumer Credit Ratings.?

Filed under: Consumer Credit — Tags: consumer, credit, Crisis, Next, Rating's, result — admin @ 10:39 pm

Question by Joe in texas: Will the next credit crisis be the result of Consumer Credit Ratings.?
How does a system make sense that uses a scale for 350 to 850. Credit bureaus decide how risky you are without knowing how much money or property you have or what your income is! That means you could have a better credit rating than a millionaire earning 500 thousand a year. You could owe more than you have in equity and if you pay your bills on time your credit rating is great. Does this make sense?

Best answer:

Answer by Craig T
Its obvious from your question that you don’t understand credit scores.

What do you think? Answer below!

Comments Off

February 24, 2012

Will participating in Consumer Credit Counseling affect my credit score negatively in any way?

Filed under: Consumer Credit — Tags: affect, consumer, Counseling, credit, negatively, participating, Score — admin @ 8:40 pm

Question by Steven C: Will participating in Consumer Credit Counseling affect my credit score negatively in any way?

Best answer:

Answer by Toodeemo
Absolutely. Any time there is an accomodation or payment that settles or otherwise compromises the original terms and ocnditions of the contract of repayment, there is going to be a negative report. In theory, the creditor can not agree not to report negative information. Most CCC programs require you to be in default before they will accept you, and most repayment programs by definition intending you are paying while in default. The question is, will making the payments for a lower amount be good in the long jogging than just allowing the fail to continue, become more serious, without payment. For most people, the CCC programs are the better choice. But not all.

Know better? Leave your own answer in the comments!

Comments Off

February 23, 2012

Is Consumer Credit Services of America legitimate?

Filed under: Consumer Credit — Tags: America, consumer, credit, legitimate, Services — admin @ 7:39 am

Question by fun_gurl: Is Consumer Credit Services of America legitimate?
Not Consumer Credit ‘Counseling’ Services, which is legitimate, but instead they called themselves Consumer Credit Services of America. They took my $ 195 and then I never heard from them again. No responses to my many emails, and all the phone numbers are no longer in service. Does anybody have any information on them?

Best answer:

Answer by MisMischievous
Don’t know about them, but contact your states Attorney General for assistance.See http://ripoffreport.com/reports/0/200/ripoff0200132.htm

Add your own answer in the comments!

Comments Off

February 21, 2012

What can be 3 Main points for an informative speech on credit card or consumer debt?

Filed under: Consumer Credit — Tags: card, consumer, credit, debt, informative, Main, points, speech — admin @ 6:42 pm

by UA Archives | Upper Arlington History

Question by crom84: What can be 3 Main points for an informative speech on credit card or consumer debt?
I’m horrible at this, any help would be appreciated.I put credit card or consumer debt, because i am not sure which one I’m going to explore yet

Best answer:

Answer by Lydia E
1. How people get into debt2. How people can get out of debt3. How people can avoid getting into debt in the first place

Add your own answer in the comments!

Comments Off

February 20, 2012

Q&A: Has anyone ever used American Consumer Credit Counseling?

Filed under: Consumer Credit — Tags: American, anyone, consumer, Counseling, credit, ever, used — admin @ 5:42 am

by Cornell University Library

Question by KS: Has anyone ever used American Consumer Credit Counseling?
I got the name of the company from a financial advisor, but I’m very wearing about using a debt consolidating company since I always here such horrible stories. I checked over their website and spoke with someone from the company on the call. They say they are nonprofit and gave me a gauge for pay off that sounded great, but I’m still nervous.I just desire to get opinions from others who may have tried it or have known populated who tried it before I go any further.

Best answer:

Answer by Meenamae
I used Freedom Point. They never did my wrong. Check with the BBB.

What do you think? Answer below!

Comments Off

February 18, 2012

Can a collection agency pull a consumer’s credit report after the debt is past statute of limitations?

Filed under: Consumer Credit — Tags: after, agency, Collection, Consumers, credit, debt, limitations, past, pull, report, statute — admin @ 4:41 pm

by Cornell University Library

Question by roberta1126: Can a collection agency pull a consumer’s credit report after the debt is past statute of limitations?
It is listed as a hard credit inquiry on debt that is past statute of limitations for both reporting and legal collection. It is past the sol on credit reporting and is time-barred for collection through the courts.

Best answer:

Answer by swflsteelerfan
Pay attention closely. Credit can be pulled from any and all agencies regardless of length of time. Most if not all companies will sell their old debt to another collection agency, thus keeping the old debt still active, regardless of time.

Give your answer to this question below!

Comments Off

February 17, 2012

Is there an honest rating of consumer credit counseling services out there?

Filed under: Consumer Credit — Tags: consumer, Counseling, credit, honest, rating, Services, there — admin @ 3:39 am

Question by Mini Midas: Is there a honest rating of consumer credit counseling services out there?

Best answer:

Answer by Steveo
Yes, and it’s from the FTC. If you mean credit repair services, then the FTC says that they are all scams. They make suggestions on where to find logical companies and such. Just beware. You can’t find too many sources that will be as good as this paper for a honest rating.

Add your own answer in the comments!

Comments Off

February 15, 2012

Consumer credit check report hurts your credit report?

Filed under: Consumer Credit — Tags: check, consumer, credit, hurts, report — admin @ 2:39 pm

Question by BK thang: Consumer credit check report hurts your credit report?
I was told that if you check your own credit history then it will not count against your credit score as oppose to have a bank or other institution checking your credit score for you?

Best answer:

Answer by hottotrot1_usa
Correct: Checking your credit account does not hurt your credit report.

Add your own answer in the comments!

Comments Off

February 14, 2012

Which consumer credit source often lend to consumers without established credit history?

Filed under: Consumer Credit — Tags: consumer, Consumers, credit, established, History, lend, often, source, without — admin @ 1:39 am

Question by : Which consumer credit source often lend to consumers without established credit history?

Best answer:

Answer by Common Sense
no one legit

What do you think? Answer below!

Comments Off

February 9, 2012

In the U.S., will placing fraud alerts with consumer credit reporting agencies reduce your credit score?

Filed under: Consumer Credit — Tags: agencies, alerts, consumer, credit, Fraud, placing, reduce, reporting, Score, U.S. — admin @ 10:42 am

by UA Archives | Upper Arlington History

Question by dclaw0508: In the U.S., will placing fraud alerts with consumer credit reporting agencies reduce your credit score?
In the U.S., the three studying credit reporting agencies are Equifax, Experian and TransUnion. Each of these agencies and private companies (e.g., Lifelock) soliciting credit monitoring services. Private companies generally file fraud alerts every 90 days with one of the agencies. Consumers can of course do this themselves for free. My question is whether a consumer’s credit rating with the credit reporting agencies can or likely-will be cutting by doing so?Thank you.

Best answer:

Answer by ∞infiniti∞
no

Give your answer to this question below!

Comments Off

Older Posts »