Free Credit Report Repair Guide

It’s really not needed. As Dana Dratch states in this article, “get a hobby.”

You’re one of the lucky ones in the financial pecking order: Your credit score is high. Really high. But what if you want perfection?Get a hobby.Having a high score is great. But the slight difference between very high and perfection just won’t make a difference in your everyday life.

adding further:

“There is no reason to go from 775
to 850, because you’re still going to get the same rate,”
says Linda Sherry, spokeswoman for Consumer Action,
a Washington, D.C.-based advocacy group.

Perfect credit score: Unrealistic and unnecessary (Page 1 of 2)

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This shouldn’t be news to anyone who has followed this blog for sometime.

Simple: the higher your score the less you pay. Two people with good and bad credit will pay drastically different amounts for the same thing. So the goal is to get that score higher so you can pay less…

“If you’re at the 720 mark, you have some bargaining power,” he says. “If you’re in the mid-700s upward, you’re going to get the very best rates available.”The Web site www.myfico .com lists six stratifications within the prime credit range of 620 to 850. Below 620 you’ll be offered subprime rates, if you’re offered credit at all. Above 760 is equivalent to an “A,” says Travis Plunkett, legislative director at the Consumer Federation of America.According to myfico’s daily updated mortgage rate data, that 760 credit score translates to a 6.3 percent interest rate on a 30-year fixed, $216,000 mortgage. Meanwhile, a 700 score would get a 6.52 rate. A 620 score would pay more than a full percentage point higher, 7.89 percent, for the same mortgage.

Pay less and save more with a high credit score - Orlando Sentinel : Home & Garden Pay less and save more with a high credit score - Orlando Sentinel : Home & Garden

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My first reaction to this lady was are you insane! I guess this may work for some people, maybe 1% of the population but I am trying to be nice. Read for yourself and see what you think.

What is credit card debt consolidation? Simple, credit card debt consolidation is when you use one credit card with a large limit to pay off your other credit cards with either higher interest rates or high fees. This strategy is not for everyone; however for some people it can be very helpful.

Using Credit Cards for Debt Consolidation

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I read this article written by an Atlanta BK Lawyer in Atlanta. Not sure how valid the advice is but if it’s true then its very interesting advice.

As a practical matter, this means that the credit card company will not negotiate with you at all until your unpaid balance is at least three months old. Once a debt falls into the 90 day past due column, the collection percentages go way down. This is generally the ideal time to start your negotiations.If you let your account go much longer than 90 days unpaid, you run the risk that the credit card lender will turn it over to an outside collection company or send it to a lawyer for lawsuit. These options may or may not impact your negotiation strategies, but they add complications and unknown elements. You can always start new negotiations with one of these new account owners later - at the outset it is best to negotiate with the actual credit card company.

Debt Negotiation - Secrets to Successful Bargaining With Credit Card Companies

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