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If you are in need of credit repair, the first thing that you must do is get rid of your credit cards. Do not use them anymore. You must pay off your credit card debt, which is impossible if you are adding to it. Throughout your life, you have many expenses before you. College costs a lot of money. It can even cost more than your house. Because of this crunch on your money, it is important to be patient with purchases and only buy what you can afford. Credit cards provide a false sense of means. Not only are you acquiring debt to make your purchases, but you also have to pay interest on top of what you borrowed. Instead of racking up credit card debt, which leads to needing credit repair, put them away and focus on paying them off. Read More »
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10 Ways to Remove an Inaccurate Charge Off Okay so now, in today’s video I’m going to show you common dispute strategies that you can use to challenge an inaccurate charge off on your credit report or your consumers credit report. This is Mark Clayborne- the Founder of startupcreditrepairbusiness.com. Read More »
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10 Ways to Remove an Inaccurate Charge Off Okay so now, in today’s video I’m going to show you common dispute strategies that you can use to challenge an inaccurate charge off on your credit report or your consumers credit report. This is Mark Clayborne- the Founder of startupcreditrepairbusiness.com. Read More »
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What is a 'Charge-Off' - A charge-off is a debt, for example on a credit card, that is deemed unlikely to be collected by the creditor because the borrower has become substantially delinquent after a period of time. However, a charge-off does not mean a write-off of the debt entirely. BREAKING DOWN 'Charge-Off' - A charge-off usually occurs when the creditor has deemed an outstanding debt is uncollectible; this typically follows 180 days or six months of non-payment. In addition, debt payments that fall below the required minimum payment for the period will also be charged off if the debtor does not make up for the shortfall. The creditor crosses off the consumer’s debt as uncollectible and marks it on the consumer’s credit report as a charge-off. Effect of Credit Report and Credit Score - The repercussions for having a charge-off on your credit report includes a fall in credit score and difficulty in getting approved for credit or obtaining credit at a decent interest rate in the future. Paying off or settling the overdue debt will not remove the charge-off status from the consumer’s credit report. Instead the status will be changed to “charge-off paid” or "charge-off settled.” Either way, charge-offs remain on the credit report for seven years, and the affected party will either have to wait out the seven years or negotiate with the creditor to have it removed after paying off all the debt. In the latter case, if the inability to repay the debts on time was due to a temporary setback like job loss, the debtor could write to the lender detailing the issue with proof of a good payment history up to the time he lost his job. Read More »
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We Provide the Latest information about Spice Cultivation, Production and Consumption in the World. Subscribe and get Analysis, Reports, News, Views and Prices about Spice Market. Read More »
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Whenever you check your credit report, you`ll find a section titled "Credit Inquiries" or "Regular Inquiries." These inquiries are made by organizations that pulled your credit report – and they can remain on your report for up to two years. I`m sure you`re already wondering if they have any connection with your credit score (they do), and what you can do about them (read on to find out)! Credit inquiries are of two kinds – hard and soft. Hard inquiries occur when you grant a lender permission to pull your credit report with the hope that you`ll be able to secure a loan of some kind, such as car loans, credit cards, home loans etc. Read More »
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Bad credit doesn`t have to last forever. If you take steps to improve your financial life, mistakes will disappear from your credit report over time. How much time? For unpaid or delinquent accounts, the time period is seven years. For Chapter 7 bankruptcies, it`s 10 years. To prevent mistakes, credit bureaus often err on the side of removing bad information a little early, says Norm Magnuson, vice president of public affairs for the Consumer Data Industry Association, a trade association for credit reporting companies. Read More »
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Bad credit doesn`t have to last forever. If you take steps to improve your financial life, mistakes will disappear from your credit report over time. How much time? For unpaid or delinquent accounts, the time period is seven years. For Chapter 7 bankruptcies, it`s 10 years. To prevent mistakes, credit bureaus often err on the side of removing bad information a little early, says Norm Magnuson, vice president of public affairs for the Consumer Data Industry Association, a trade association for credit reporting companies. Read More »
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