Credit Score

  • A New Take on Your FICO / Credit Score

    I’m someone who has occasion to get inside the nitty-gritty of other people’s money and let me tell you, I see a lot of stellar credit scores.  Does that mean I see a lot of financially healthy scenarios?  Nope.   The credit score equation is based on the repayment of debt, so a lot of people with crushing debt have fantastic credit scores (if their ...

    Posted at April 30, 2013 | By : | Categories : Credit Score | 1 Comment
  • Credit Relief and Recovery with Gerri Detweiler of credit.com

    In a recent conversation with Gerri Detweiler (which you can listen to on our podcast), she emphasized a great piece of underlying advice: make financial decisions first and credit decisions second.  We may sometimes make negative financial decisions because we are afraid of messing up our credit. Instead of defaulting on a credit card balance that’s too high or downsizing to a mortgage ...

    Posted at March 11, 2013 | By : | Categories : Credit Score | 0 Comment
  • What’s Your Credit Worth?

    We’re accustomed to treating our credit like fine china, we break it, we bought it.  What if instead, we entertained the idea of letting it take a temporary hit for the greater good.   Let’s look at an example.   -                You owe $40,000 on credit cards.  That amount can be negotiated down to $12,000 by you or with help.   -                You’ve saved $28,000 actual dollars (in ...

    Posted at October 23, 2012 | By : | Categories : Credit Score | 0 Comment
  • Credit Score and Debt Solutions

    The most often question asked around the world is either “How are you?” or “Do you want fries with that?”  The most often asked question in my office is, “How will this effect my credit?”  That’s a very important question because we spend a lot of time, thought and effort building and protecting our credit.  To have it take to its ...

    Posted at September 11, 2012 | By : | Categories : Credit Score | 0 Comment
  • Is Your Credit Score Worth What You’re Paying for It?

    As a bankruptcy attorney, I see a lot of people with stellar credit scores. The credit score equation is based on the repayment of debt, so a lot of people with crushing credit card debt have great credit scores (if they’re payments are current). A credit score is not a financial health score, in fact it’s sometimes the opposite. The ...

    Posted at September 4, 2011 | By : | Categories : Credit Score | 0 Comment
  • Credit After Bankruptcy

    One of the important considerations when you decide which way to handle financial crisis is what your decision will look like a year from now, 5 years from now and 10 years from now. Bankruptcy has the amazing immediate effect of wiping out your debt and returning you to start, but the trade-off is its effect on your credit. A ...

    Posted at August 25, 2011 | By : | Categories : Credit Score | 0 Comment
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