Posts tagged ‘National’

National Debt Relief Discuss Important Matters About Personal Finances


Los Angeles-Long Beach, CA (PRWEB) March 18, 2015

National Debt Relief recently shared in an article published March 5, 2015 some of the things consumers needs to know about their personal finance. The article, titled “5 Things You Absolutely Must Know About Your Personal Finances,” looks at some of the important financial areas people needs to be aware of.

The article points out that as much as some things are left unknown, there are a lot of situations in life where what people don’t know could actually kill them. That spider in the bathroom could actually be a venomous type that can send people in the hospital, or even that pothole could do some serious damage to the car’s axles.

The same concept applies to some financial areas in a person’s life. The article shares that mortgage details should be one of the areas in personal finance that people need to get a good handle of. In particular, the interest rate of the loan needs to be something homeowners understand fully.

It can either be a fixed or variable interest rate and each one has its own pros and cons. A fixed rate protects the homeowners from future increase in rate because they are locked in on the existing rate until they pay-off the loan. Variable rate offers lower interest but it could increase as the years go by.

The credit reports is another area of personal finance that consumers needs to be fully aware of. Apart from being the basis of their credit scores, monitoring their reports can help prevent identity theft. Once they see irregularities in their report like a charge amount that they never made, they can quickly dispute and let their lenders know about it,

Their credit score is also a very important part of their personal finance because this three-digit score characterizes their creditworthiness and how lenders will see them as borrowers. To read the full article, click this link: [http://www.nationaldebtrelief.com/5-things-you-absolutely-must-know-about-your-personal-finances/







Related Dispute Credit Report Press Releases

National Foundation for Credit Counseling? Encourages Consumers to Know Their Rights During National Consumer Protection Week


Washington, DC (PRWEB) February 28, 2015

National Consumer Protection Week is being observed from March 1-7, and the National Foundation for Credit Counseling® (NFCC) is participating by connecting consumers to resources that can improve their level of financial protection.

“Consumers who are informed about their rights have an advantage over those who don’t,” said Bruce McClary, spokesperson for the NFCC.

The following tips can help people learn more about managing their personal finances while protecting themselves from scams and abusive practices:

Know the consumer rights associated with debt collection. During the past five years, the Federal Trade Commission (FTC) has filed legal action against 180 debt collection agencies. Threatening phone calls, abusive language, calling at odd hours, and revealing account information to others are among the ways that some debt collectors are violating consumer rights. All consumers should be familiar with the rules that protect their rights in these situations. The FTC offers information about the Fair Debt Collection Practices Act (FDCPA) at http://www.consumer.ftc.gov/articles/0149-debt-collection. If consumers feel their rights have been violated by a debt collector, they can contact the Consumer Financial Protection Bureau (CFPB) at http://www.consumerfinance.gov/complaint/#debt-collection.

Review credit reports every year. Credit reports are not only the gateway to loans, mortgages and credit cards, but are often reviewed by landlords, cell phone providers and utility companies. The report reflects a person’s financial track record, and can strongly influence a lending decision. Routinely reviewing credit is the best way to stay on guard. Consumers can access a free copy of their credit report once every 12 months from each of the three bureaus, Experian, Equifax and TransUnion, by going to http://www.AnnualCreditReport.com.

Get to know credit card protections. Many people don’t realize that certain protections are part of their credit card agreement. For instance, the Fair Credit Billing Act allows consumers to seek a refund if a product purchased was unsatisfactory. Cards may also offer return protection and extended warranties. There are many Federal laws in place to protect consumer rights when interacting with a credit card company. For a list of credit protection laws, go to https://www.federalreserveconsumerhelp.gov/learnmore/consumer-credit.cfm#CreditCards.

“Being uninformed or misinformed about basic consumer protections can leave a consumer vulnerable to financial abuse”, continued McClary. “Those who take the steps to learn about their rights are in the best position to make healthy financial choices.”

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The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior and build capacity for its members to deliver the highest quality financial education and counseling services. NFCC Members annually help millions of consumers through more than 600 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit http://www.nfcc.org.







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National Debt Relief Shares Common Causes of Errors in Credit Reports


Miami, FL (PRWEB) October 20, 2014

National Debt Relief recently shared an article, published on October 18, 2014, with some tips on how to deal with an error in the credit report of consumers. The article, titled “4 Possible Reasons Why You Have A Credit Report Error,” explains some of the most common reasons on how mistakes get into consumers’ credit reports.

The article starts off by explaining the importance of a credit report in the lives of consumers. The reports are the main basis of credit scores that reflect on how financially responsible the person is. The higher the score, the better the standing same as the lower the score, the more they are seen as a risk by lenders.

The article also shares that one in every five consumers could have an error in their credit reports. That means an estimate of 40 million consumers encountered problems with their reports. 5%, or 10 million consumers, had severe credit report mistakes that could make them pay more in terms of loan interest rates.

One reason for these mistakes is probably the own doing of the consumer. The article explains the consumers themselves might have a hand in their credit report mistakes. It could be as simple as writing illegibly on the forms and making sure that contact details are unreadable that prevent billing forms from being delivered.

The article also mentions that the lenders might have caused the error in the credit report. If this happens, it is best for consumers to call the attention on the lender in order for them to launch an investigation. Same goes for when the error was caused by the credit bureau itself, the consumer should report it at once to correct the mistake.

Being a victim of identity theft could be another reason for the mistakes in the credit report. Consumers should alert the lenders and the authorities on this as well. To read the rest of the article, click on this link: http://www.nationaldebtrelief.com/4-possible-reasons-why-you-have-a-credit-report-error/







National Credit Card Debt Relief Shares Typical Factors That Cause Errors in Credit File

Nationwide Debt Settlement Shares Common Causes of Mistakes in Credit History
The content, called “4 potential explanations why you have got a Credit Report Error,” describes probably the most common explanations as to how blunders go into customers' credit reports. This article starts off by outlining the significance of a credit report in …
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Look at your no-cost credit report 3 times per year
The web site also has information about exactly what do should your credit file includes a blunder. To improve errors, customers have to get in touch with the credit bureau that supplied the report. Each of the three credit reporting agencies, Equifax, Experian and TransUnion, features an …
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Column: Look at your no-cost credit history three times per year
To fix errors, customers must contact the credit bureau that supplied the report. Each one of the three credit bureaus — Equifax, Experian and TransUnion — has actually an on-line dispute system. You are able to deliver a dispute letter through the post, keeping …
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Six Credit File Strategies For Homebuyers
Whether you want to buy a property in six months or a-year or two, you've most likely been told to request your free credit history to check on for mistakes also to see just what a loan provider can learn about you from the report. “We typically tell individuals request certainly one of …
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Ocwen CEO Ronald Faris Addresses National Foundation for Credit Counseling

Ocwen CEO Ronald Faris Addresses National Foundation for Credit Counseling
SEATTLE, Oct 01, 2014 (BUSINESS WIRE) — Ocwen Financial Corporation OCN, +1.79% CEO Ronald Faris yesterday addressed the National Foundation for Credit Counseling (NFCC)'s 49th Annual Leaders Conference. As the leader of the fourth largest …
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US to return more funds in AmeriDebt credit counseling scam
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Wednesday it will send more than $ 1.79 million in refunds to consumers allegedly defrauded in a credit counseling/debt management scam. The defendant, Andris Pukke, and his …
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BBB Warning: BBB & ClearPoint Credit Counseling Solutions Issues Warning for
BBB Serving Metro Atlanta, Athens & Northeast Georgia has been notified by ClearPoint Credit Counseling Solutions that scammers are placing fake online job advertisements for positions with their organization. ClearPoint is a national nonprofit …
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National Association of Credit Management Releases Commercial Credit

National Association of Credit Management Releases Commercial Credit
The National Association of Credit Management (NACM) hopes to eliminate myths plus educate businesses regarding commercial credit plus commercial credit reports with all the launch of the free truth sheet "Commercial Credit Reporting: What Every …
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Consumers Should Take Advantage Of Free Credit Reports
Consumers could receive a free credit report from every of the 3 nationwide credit bureaus, Equifax, Experian plus Trans-Union, when a year by going to www.annualcreditreport.com. The procedure is simple plus allows customers to have real-time access to their …
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Ask Stacy: Is This Source for Free Credit Scores For Real?
I thought I was filling out info to receive my report, nevertheless later got a call from a Lexington Law paralegal, whom told me I had requested information regarding repairing my credit. They mentioned they'd pull up my report free. I'd read an post you'd created …
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