Amazon.com: the no-nonsense credit manual: how to repair your ...
Credit repair help. Redit histories. Not only can’t they provide you with a clean credit record, they may be encouraging you to violate federal law. If they ask you to make false statements on a loan or credit application, misrepresent your Social Security number, or advise you to get an Employer Identification Number from the Internal Revenue Service under false pretenses, you will be committing fraud. The truth is you can help yourself to re-build a better credit record. Start by contacting your creditors when you realize that you are unable to make payments. If you need help working out a payment plan and a budget, contact your local credit counseling service. There are non-profit groups in every state that offer credit guidance to consumers. These services are available at little or no cost. Also, check with your employer, credit union, or housing authority for no-cost credit counseling programs. In addition, you have specific rights under the Fair Credit Reporting Act: You are entitled to a free copy of your credit report if you’ve been denied credit, insurance or employment and request the report within 60 days of notice, or if you can prove that (1) you’re unemployed and plan to look for a job within 60 days, (2) you’re on welfare, or (3) your report is inaccurate because of fraud. If your application for credit, insurance, or employment is denied because of inaccurate or incomplete credit information, the company to which you applied must give you the name and address of the reporting credit bureau. There is no charge to dispute mistakes or outdated information
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Credit repair, self help credit repair, bad credit report repair ...
worse, denies that the bubble ever going to happen. Everything is shiny and rosy, and there is soft landing ahead of us. Just like CNBC used to tell you in 2000, that the only way stock market can go is up. Or that there is no inflation save for gas and heat. Last time I checked, a pound of apples or a gallon of milk costs about 40 cents more that 2 years ago. And the housing prices that finally are going down, had gone up rather considerably, won't you say. You all know about Florida and Vegas condo projects that never started, or could not get finished. But by looking around your neighbourhood, you can really feel that the real estate bubble has hit closer to home. Diminished buying power will accelerate the housing bubble One of the biggest problems is that the income buying power vs. the home prices has decreased dramatically. When I got my Master in Mechanical Engineering in the very end of 1992, my starting salary was $38,500. I was able to afford a condo for $92,000 with 7 year balloon mortgage at the interest rate of 7.5%, and a brand new, just redesigned Honda Prelude SI for $16,800. Today, the same degree may or may not start you at $50,000 or so. The exact same condo sells for around $180,000, and comparable car goes for about $27,000. How in the hell anyone making $50,000 or even $60,000 can afford this? Information technology professionals were making anywhere from $50 to $150 an hour, thanks to Year 2000 overblown bug, and smart executives like Bill Gates of Microsoft, Larry Ellison of Oracle and the rest of execs in Cisco, Nortel, Lucent, Sun Microsystems, w
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