Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
What is debt consolidation? Debt consolidation is a process by which several unsecured debts with high interest rates are consolidated into a single and affordable monthly payment for the debtor. When should you consolidate debt? Debt consolidation can be of assistance to the debtor when his debt burdens spin out of control. You can consolidate your debts, if you ...
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Have you ever wondered just like I: What is the secret of a tremendous credit score? The most trusted analyzer and preparer of credit score, the consumer arm of FICO – MyFico.com has recently published a rare report listing only those lucky folks who have made the impossible possible – who have managed to take their score to 785 and higher. FICO scores range ...
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Negative items are supposed to be wiped off automatically from your credit report after a stipulated time-period. Usually, the negative information can stay on your reports for around 7 years. This rule is applicable for almost any kind of unpaid and delinquent accounts. Only bankruptcies can stay on your reports for a longer time, i.e. for around 10 years. However, ...
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You can hardly overestimate the importance of credit rating. It is a reflection of your credit worthiness and affects your financial life in a major way. A low credit score can substantially limit your access to loans. Your credit score can be anywhere between 300 and 850. A score above 750is considered impressive. There is a lot of confusion surrounding credit score ...
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A good credit score is of primary importance if you want to be eligible for future loans. Having a good credit score is not difficult if you can handle your finances wisely. The process of managing credit score is simple. You just need to handle your credit responsibly and avoid making any mistakes. A simple mistake on your part is capable of ruining your future ...
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A careful study of the predominant credit card trends help us use the cards properly and remain aware of the industry changes. If you want to steer clear of wrong credit decisions, have a look at the credit card predictions for 2014 ...
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The vast majority of people, those who are not aware of the basic civil laws, get instantly nervous if they are served with a lawsuit. Read on to know how to answer a civil lawsuit without losing your nerves. Don’t panic Most of the crowd will freak out if served with a credit card lawsuit. You needn’t worry if served with thus as in a credit card default case a ...
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A recent survey on US consumer spending habits during Christmas shows that 40 percent Americans plan to spend the same amount as last year. In fact, an alarming 12 percent this year plan to spend more. This wouldn't have been as alarming had it not been for the source of expenditure. US citizens use credit cards to buy gifts and toys during the Yuletide. This is why ...
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