Financial and Credit Advice After a Divorce
Getting through a divorce is one of the most challenging situations in life. It can be both emotionally and mentally draining. Add to that, there are financial issues involved. If you have just been through divorce procedures, what can you do to avoid the threat of bankruptcy? Find a new home. Some couples may agree to sell their home and find separate properties. If you plan to purchase a new house, make sure that you do not make decisions in a hurry. Do extensive research and consider your repayment capabilities before applying for a loan. It is also wise to get a pre-approval so you can have a more realistic idea as to the price of home you can afford. B

Where to Get Free Credit Reports WITHOUT The Strings Attached
Get Your Free Credit Report: Although the Free Credit Report.com band has done a great job of getting us to remember their product, there’s one thing that FreeCreditReport.com won’t give you, a no-strings-attached free credit report. When getting a free credit report from FreeCreditReport.com, the fine print you agree to signs you up for their credit monitoring service which dings your credit card for $14.95 each month after a trial enrollment. Under federal law, consumers are allowed to get a free copy of their credit report from one of the three main credit reporting agencies – Equifax, Transunion and Experian. Consumers can also get additional copies of

How Does a Foreclosure, Deed-in-lieu, and Short Sale Effect Your Credit Score?
Nowadays, many people are facing possible foreclosure of their home and a myriad of options on how to deal with it. Of course, if the financial difficulties leading to payment challenges are somewhat temporary, one can try the ever-popularized modification of their loan and/or workout a forbearance. However, if it looks like there is no way to keep the mortgage obligation and stay in the home, then foreclosure, deed-in-lieu-of-forclosure, and even a short sale become choices. Since this blog is dedicated to how our financial and debt choices effect our credit, I will briefly touch each. Each action is different and effects your credit score differently. Foreclo

Credit Report Dispute Tactics – OCR Basics
OCR, which means ‘Optical Character Recognition’, is parallel to a gigantic scanner on steroids, as the experts put it. This machine is constructed to apprehend the words in your dispute letters and to even actually determine the meaning of dispute letters as they come in. And in addition, it’s also designed to database and mate dispute letters against the hundreds of thousands of other dispute letters that have already been retrieved and dealt with. And because the credit bureaus’ response time is restricted only to 30-45 days (depending on how the consumer retrieved their credit reports), they really needed a speedy route to react to these consumers’ dispute

Both Houses Have Approved The Homebuyer Tax Credit
Both Houses have approved the Homebuyer Tax Credit. The president is expected to sign as early as today. This should open up a new market. See the rules below. Chris Who Qualifies for the Extended Credit? First-time home buyers who purchase homes between the date the bill is signed by President Obama and April 30, 2010. Current home owners purchasing a home between the date the bill is signed by President Obama and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight. To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residen