Credit Report Errors Persist As Consumer Financial Protection Bureau Readies …
When Frank Deyoub and his wife were thinking about names for their newborn son, one moniker was completely off the table: Frank Deyoub. "If I named my son after me, he would have all the issues I'm having," says 35-year-old Deyoub, who lives in Royal …
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How to Become a 'Credit Adult'
Let's word associate: Banks, mortgage brokers, credit card companies, credit reporting agencies, debt collectors, payday lenders…. Words like "daunting," "challenging," "black box," and "scary" come to mind. Most consumers I speak to express fear of …
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Credit bureaus to get more federal oversight
America's attribute bureaus are about to get some new scrutiny. The Consumer Financial Protection Bureau adopted a govern on Monday that will allow it to keep an eye on the nation's credit reporting industry. Starting September 30th, the agency will monitor …
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Question by WONG: credit monitoring ?
What it signifies ” credit monitoring ? I got this phrase from a part of information in regards to the individual info for millions of veterans about a laptop being stolen.
Answer by tonalc1
You will notify the different credit reporting agencies to flag the account (just in case of identity theft).
Or you are able to purchase the service which watches a account for any unusual escapades.
Know greater? Leave your answer inside the comments!
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Question by Yesenia M: Credit score?
How much will my credit score increase if I were to pay off 50% of my credit cards within a 2 month time frame? My current credit score is 568 and Im hoping to increase it to 700 🙂 Im planning on getting a car by the summer and I want a great credit score…
Answer by dbzapowerunknown
It takes time with credit, your better of having a little balace and paying it off little by little, than to pay it all off at once!
Know better? Leave your own answer in the comments!
Question by so_adorable21: Midland credit management is threatening me with arbitration. What does this mean?
I am trying to get my credit good by working through my debts one bill at a time. One of my accounts got sent ot Midland Credit Management. I spoke with one of the representatives trying to set up a payment schedule. She would not work with me on a 12 month plan. She would only go for 5 months on a higher amount. She then grew upset and pushy and informed me that they would be taking me to arbitration. I then tried to call the company back just to get a mailing address to send them a letter request verification that I have a legal obligation to them.
Answer by Mary B
That means that instead of sitting before a judge, you will be sitting in a room with a licensed arbitrator that has the same authority as a judge, and WAY more expensive, as well as a representative from the company.
You have a right to have legal counsel present, because you can be your bottom dollar, they will.
This is what you do…start sending them money anyway along with a letter on a 12 month plan. They HAVE to accept it…if they don’t…keep all of the checks that they sent back to you.
Send everything by check, certified mail, return receipt required.
That is the best ammunition that you have…you don’t even have to talk to those people if they are going to be that unreasonable.
What do you think? Answer below!