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Myth #1: Marrying someone with bad credit will ruin my score too

Now before you dash the hopes and dreams of the person you love, take a second to think about this one. Even the strictest of agencies wouldn’t impose someone’s bad credit on you just for marrying them, so you can go ahead and walk down the aisle. However, you should remain credit savvy if you do get hitched. If your future life partner does have bad credit, think carefully before taking it on. Any joint credit agreement you enter into will be your responsibility as much as theirs, and on the off chance that the man or woman of your dreams does leave, you will be left with a credit burden you don’t want. The same goes for new loans or cards; don’t be paranoid, but do exercise a little caution.

Myth #2: Your credit file can only be accessed with your permission

Credit is a multi-billion dollar industry and all those companies out there don’t hand it out based on a hunch. If you requ

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| Tags: Score
Posted April 10, 2012 by Amelie Hampton under Bankruptcy Articles

A medical company in the Bronx, New York was forced into filing for Chapter 7 bankruptcy last week.

According to court documents, Eastchester Precision Medical, which operated out of a van, was required to file for Chapter 7 bankrutpcy, by its sister company Precision office Management Inc. The report shows that Eastchester owed Precision Management approximately $2 million. Eastchester, which specialized in MRI services, was cut-off by Geico for not having an in-house MRI unit, which prevented more than $920 in claims from being given out.

The company also used a doctor’s name as the listed owner of the facility, in exchange for compensation, according to the filing. The insurance company said the doctor, Dr. Edovard Hazel, did not sign off on any services during this time and is not qualified to read MRIs.

| Tags: Bankruptcy
Posted April 8, 2012 by Brayden Laura under Credit Report

My wife and I have been living in our current home for almost 6 years now. Weve loved living here, but as we consider having a second child wed like to have a bit more space to move around in, as well as having more outdoor living space at our home.

Our current house (shown below) is a detached townhome, which basically means that its a stand alone house, but with hardly any space between our house and the next one over. That means we dont have much of a yard, and were not able to fence it in at all because we live in an homeowners association that doesnt allow it. If we want to take our son outside to play we have to go to the playground 2-3 blocks away. While it isnt the end of the world, wed like to have a slightly bigger house with a bigger yard for our son, and future kids to play in.

Weve been searching around for new homes and lots to build on over the past months, and its pretty amazing some of the deals weve been able to find.

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| Tags: Current Home, Home
Posted April 7, 2012 by Imogen Lay under Credit Report Tips

Be aware of what you could be responsible for especially if the borrower has poor credit

Before signing

Before you cosign for any loan, but especially one in which the borrower is credit-challenged, you should know what your liabilities could be.

We are familiar with what these responsibilities are because for over a decade here at Auto Credit Express weve been helping applicants with bad credit find an auto dealer that can help them get financed. Our website is even designed so that consumers can read about issues such as repossession and tote the note dealers, as well as todays topic, cosigning poor credit car loans.

The need for a co-borrower

Not all applicants are able to establish car credit on their own.

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| Posted March 25, 2012 by Amelie Hampton under Bankruptcy Articles

Next time you look at your vehicle, visualize a pile of cash. Sure, it’s really a hunk of metal and other materials, but your vehicle can be used as a source of cash when you need it.

How can you get cash from your vehicle? There are 2 main ways to do so: sell it or borrow against it.

Selling Your Vehicle

One way that you can get cash from your vehicle is to sell it. You can do so on an online auction site or by placing an ad on the Internet or in a local newspaper. However, you’ll have to answer emails and calls about the vehicle, meet with potential buyers, haggle with them and may have to repeat this process for weeks or months. If nobody gives you the offer that you’re looking for, you’ll either have to settle for less or cut your losses and deal with the fact that you wasted time and money for nothing.

If you do end up selling your vehicle, you must find another means of transportation. This may not be a major problem if you have multiple vehicles, but how many people have more than 1 vehicle? So, you

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| Tags: Get, Get Car
Posted March 18, 2012 by Amelie Hampton under Bankruptcy Articles

Laura and Mike Park, a couple that managed their finances well, were in for a shocker when they last reviewed their credit history. This Texan couple prided on an impeccable credit report, thanks to their diligent management of credit cards and loans. This couple wanted to make the most of the low interest rates that are currently being offered by banks on home loans. With this intent, they put their current home on sale and decided to purchase a larger property that is located in the suburbs of Dallas and Fort Worth.

Customers, like the Park couple, who had made their payment but not verified if the details have been updated on their credit report were in for a shock. Though they had sent in a payment of $200 towards a medical bill to a particular collection agency, they realized that the payment had not been updated on the report. As a result, they had to lose out on 100 precious credit points which actually cost them $2,500.

Unfortunately, this is not the only couple facing this predicament.

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| Tags: Credit Report, Report
Posted March 17, 2012 by Brayden Laura under Credit Report

The rights and responsibilities of Labour are and should be clear. And the issues at stake in the Air Canada pilot situation seem to have become confused, even in the minds of some of its on frontline workers. This dispute isnt about the rights of labour.

Unions have an important place in society, and can play a very positive role in the lives of individual workers. A century ago, children were working in Southern wollen mills; now they arent. Corporations and their owners cant always be trusted to do the right thing on behalf of their employee base, as has been evident on and off for decades. Thats why the government regulates workplace safety, for example. It is also responsible for the health of our economy and society, as several employee groups are prevented from striking due to the impact a work stoppage would have on the rest of society: police, fire, EMS, etc.

Hesitant as I am to wade into the Air Canada labour debate, our family just suffered from hiccups at every stage of our March Break trip, totally 25.5 hours of aggregate flights delays on March 10th and 17th.

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| Posted March 16, 2012 by Imogen Lay under Credit Report Tips

There are all kinds of insurance products out there and there are new products in the pipeline. An example: crop insurance. A Fremont Tribune article, Insurance a bigger factor in planting picture, discusses the importance of farmers maintaining both crop and revenue assurance policies, so that they can deal with any catastrophes –natural or economic – that happen to come their way.

In fact, some farmers consider this insurance essential to their business, saying that they won’t plant their crops without first acquiring insurance. According to the article, “as recently as the 1990s, many farmers passed up crop insurance and counted on the federal government to come through with disaster programs for droughts and other widespread weather perils.” Since the 1990s, crop coverage has improved to also provide coverage for revenue protection. The artic

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| Tags: Crop Insurance, Insurance
Posted March 15, 2012 by Imogen Lay under Credit Report Tips

Credit card spending is something that nearly all consumers actively engage in. For some people it’s a matter of convenience. It’s less difficult to use a credit card than see if you have enough cash. Purchases on credit cards offer recourse to the buyer if he or she feels they didn’t get what they paid for or the product was misrepresented. The charge can be reversed by the credit card holder. Some individuals use credit cards because they want to, while other people find themselves using their cards to make ends meet. If you’re struggling to make the minimum monthly payments on your credit cards, that could be a warning sign you may be heading for a credit card meltdown.

When it comes to credit cards, there are basically two types available today. They fall into these categories: secured and unsecured. The exact credit cards you are eligible for will be dependent on your credit history.

An unsecured card is issued to consumers with (at least) a good credit rating. Read more…

| Tags: Credit, Credit Cards
Posted March 11, 2012 by Brayden Laura under Credit Report