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Helping people find reliable answers to their credit questions has been the theme of my work for the past twenty years.
Recent Activity
Starting Monday, you may not hear as many of those annoying ads promising you can “settle debts for pennies on the dollar,” or pitching a “government bailout program” for consumers with credit card debt. That’s when the FTC’s new “Debt... Continue reading
Posted Sep 22, 2010 at CreditBloggers
Now that financial institutions will be taking a hit in overdraft revenue, are new debit card fees in order? Maybe. Continue reading
Posted Aug 18, 2010 at CreditBloggers
Gerri Detweiler explains how secured credit cards work. Continue reading
Posted Jul 28, 2010 at CreditBloggers
If you don't opt in for overdraft protection, you may find yourself being turned down for debit card purchases if your balance is too low. Continue reading
Posted Jul 1, 2010 at CreditBloggers
While most provisions of the Credit CARD Act have gone into effect, there are a couple of key provisions that still have yet to be implemented. The two biggest outstanding issues are the provisions of the Act that describe limits... Continue reading
Posted Mar 4, 2010 at CreditBloggers
For years, I have recommended a PBS Frontline special, "The Secret History of the Credit Card," which exposes what went terribly wrong with the industry. Tonight (Tuesday, Nov. 24th) a long-overdue new piece, The Card Game, airs at 9 pm... Continue reading
Posted Nov 24, 2009 at CreditBloggers
At Creditbloggers, we’ve been exposing advance fee loan scams for a number of years now. We like to help make sure that our readers don’t lose money to these bottom feeders that prey on consumers in difficult situations. Today a... Continue reading
Posted Nov 16, 2009 at CreditBloggers
Confused, This is terrible. I am so sorry to hear you are going through this. I wonder if your Senator or Congressional Representative's office will help go to bat for you to get this cleared. It may be worth a shot. I am so sorry you are going through this on top of the stress you are under serving our country.
I once found a ding on my credit report because I closed out a checking account but the bank didn't tell me I had to separately close out my overdraft line of credit which carried a $10 over limit fee. I found out when it hit my credit report as a collection item! Fortunately the bank cleared it up but it was definitely a hassle.
Darn, the video was removed before I got a chance to watch it!
Randy, you couldn't have raised a better that hasn't been given nearly enough attention. I've seen loan officer training programs encouraging them to work with credit damaged borrowers and charge the maximum legally allowable origination fee -- that's 10% here in Florida! Supposedly the borrower is happy and so is the loan officer. But we know now there are a lot of very unhappy borrowers out there facing foreclosure.
Toggle Commented Apr 9, 2007 on Who Caused the Problem? at CreditBloggers
My information on that point comes directly from an executive at Fair Issac, creator of the popular FICO scores, who tells me that when an account is listed on the credit report as under dispute the negative entry will not affect your score. If it is not resolved in your favor it will affect your score in the future of course.
I recently spoke with a woman whose credit had been ruined because of a car accident. She has good medical insurance and health insurance, but the insurers wouldn't pay until the insurance settlements were straightened out...the medical providers charged her off in the meantime...and it was her credit that took the hit. To me that is completely wrong.
Toggle Commented Jan 17, 2007 on Medical Bills and Credit Card Debt at CreditBloggers
The gerbils themselves are just a few dollars. But as a pet parent to several of them, I can attest the gerbil cost is only the beginning. Ours were donated by a relative in a glass aquarium with a screened top -- important because they have chewed through every plastic and wood item put in their cage including exercise wheels and PVC pipe. Add the food, bedding, water bottle and even the occaisional vet bill and it really does add up quickly!