Don Tate
Check out TheTopTens to view thousands of top ten lists including the best credit repair services, best auto insurance companies, and best webhosting providers.
Articles by this Author
Too many people have the impression that repairing credit is as easy as sending a few letters to the credit bureaus, watching the errors on their credit reports disappear, and having their credit score jump up to where it should be. In practice, credit repair is rarely this easy so it is little wonder why so many people who attempt to repair their credit don't see the results they were hoping for.
Credit scores which were initially created as a tools lenders could use to quickly determine credit risk, as opposed to digging through each item of your credit reports in an effort to determine your credit worthiness, have been adopted by other industries as well. A good credit score opens up a world of opportunities and has benefits many people didn't even realize were there.
While credit bureau disputes may be effective, you could make the argument that they don't work well. Credit bureau disputes can result in accurate negative information being removed from your credit reports while genuine errors continue to count against your credit score.
While carrying the proper amount of insurance is very important step in ensuring your long term financial stability (an estimated 60 percent of all bankruptcies results from medical bills), there are steps you can take to lower your monthly insurance premiums so you will save money while not sacrificing coverage.
Home Security Systems: More Than Catching Bad Guys
- By Don Tate
- Published 05/12/2010
- Unrated
When you consider that a home security system helps prevent home invasions as well as helping you deal with a variety of emergencies that could arise, it is little wonder that people consider a home security system a welcome and easily justifiable expense.
Goodwill letters are essentially you asking the collections agency nicely to stop reporting the collection account to the credit bureaus. And while this may seem like a hopeless attempt, goodwill letters have proven to be surprisingly effective as long as you don't have a large number of accounts that have been sent to collections.
The credit bureaus are allowed to report a late payment on your credit reports for up to 7 years, but this does not mean a late payment MUST remain on your credit reports for that long. There are a number of things you may be able to do to get a late payment permanently removed in much less time.
For every person who does get taken by a credit repair scam, there may be dozens more who have avoided seeking help from a credit repair company because of the fear of being taken. But this does not have to be the case. There are signs you can use to detect a credit repair scam and by being aware of what to watch out for, you can find a credit repair company you can trust.
When you consider all of the strikes against credit repair companies it is easy to see why so many people believe there is no such thing as credit repair and why it is so difficult to persuade them otherwise.
Shopping for a credit repair service is no easy task. Comparing the quality of services offered by a variety of different credit repair companies is no picnic to begin with and then when you consider the fact that very few people know very much about credit repair in the first place, it is understandable why so many consumers have a hard time making an educated decision about which company to sign up with.