Free Credit Report

Posted on Wednesday, 25th August 2010 by Lucy Hales

It’s important to learn how to build credit history fast, because it is going to save you money. And on the long run, lots of money. When you build credit score fast and reach certain level, you see immediate results – better loan terms with less fees and lower interest rate. Paying extra $50 a month doesn’t seem much to many of you, but it amounts to $600 a year, enough to take vacation or buy a new set of tires and decent ones. So how can you achieve this? You can compare the process involved to build your credit history with the battle to lose weight. Do it too fast and it can cause more harm, so credit building takes time and there is no quick fix. One must manage his or her credit responsibly over time.

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Posted on Sunday, 22nd August 2010 by Toby Duncan

Homestead protection in bankruptcy gets complicated when there are non-resident co-owners of the debtor’s homestead. An example is when parents help an adult child buy a home and insist on placing their names as co-owners of their child’s house.

A caller from south Florida asked me how a Chapter 7 bankruptcy would affect his homestead owned jointly with his parents free and clear.  His parents purchased a house in Florida for their son. The house was titled jointly in the names of the son, who lives there, and the two parents. All three family members have credit card problems and are considering bankruptcy. The son asked me whether his Chapter 7 bankruptcy would affect is parents’ interest in his house. The ho

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Posted on Saturday, 21st August 2010 by Eden Fryett

The Wall Street Journal reports this week that Americans owe some $826.5 billion in revolving credit, most of which is credit card debt.

But if that number seems high, brace yourself, because student loan debt has passed credit card debt.

Americans owe $829.785 billion in student loans.

At a time when both tuition and unemployment are at an all time high, it looks like you’ll be paying for your college education much longer than you’ll be paying off your credit card.

The growth of student loan debt is due to several factors:

Typically, loans can’t be cleared through Chapter 7 bankruptcy. While

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Posted on Friday, 20th August 2010 by Lucy Hales

Q: I have two Chase credit cards with total debt of $27,000, around $12,000 and $15,000. Think of settling this credit card debt and can not decide if I should go with a debt settlement company or do it myself. I mean I am unemployed for 5 months and have nothing much going, so I can just start settling with Chase without any help, at least try. I have may be $10,000 in savings and are moving with my brother since I will be loosing my house to foreclosure soon. So I can offer them around $5,000. I am afraid that once I am foreclosed and my credit is ruined, Chase won’t be settling on good terms.

A: Before you start settling see if there is another way out.

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Posted on Wednesday, 18th August 2010 by Eden Fryett

American Apparel, the chain of clothing stores favored by young folks across the country, has announced that it could be facing serious financial trouble in the near future.

The company announced that it may lack the liquidity that it’ll take to sustain itself over the next year, according to the Associated Press. The statement from the company included wording that has been known to come before a bankruptcy filing.

After the news broke, the company’s stock shares fell by 21 percent, to their lowest price in a year.

American Apparel went public in 2007, and has since rapidly expanded, occupying 260 stores in 19 countries. Pop

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