Gerri Detweiler focuses on helping people understand their credit and debt, and writes about those issues, as well as financial legislation, budgeting, debt recovery and savings strategies. She is also the co-author of Debt Collection Answers: How to Use Debt Collection Laws to Protect Your Rights, and Reduce Stress: Real-Life Solutions for Solving Your Credit Crisis as well as host of TalkCreditRadio.com.
A credit card convenience check allows you to tap your credit card’s line of credit, and can seem like a godsend if money is tight and you need a short-term loan, or you need to consolidate debt. But there can be pitfalls that catch even the most careful cardholders unaware. Our reader, whom we’ll call... Read More
Bankruptcy and foreclosure can each have serious negative consequences for your credit scores. But what if you experience one and then the other? Is it a double-whammy? Our reader Brent went through bankruptcy nearly seven years ago, and did not reaffirm his mortgage. But he continued to make his mortgage payments, and is still living... Read More
How difficult is it to remove a collection account you didn’t know you had (and didn’t even owe) from your credit report? A couple we’ll call Jason and Karen could tell you. They want to buy a house, and he recently retired from the military. Thus, they want their credit to look as good as... Read More
Eddie would like to to sell his home, but like millions of Americans, the widely touted housing recovery hasn’t fully reached his North Akron, Ohio, neighborhood. He owes about $60,000 on his mortgage and the two experienced real estate agents he consulted put the value of his home at somewhere around $58,000 to $59,000. Even... Read More
Recently my teenage daughter landed her first official job, and her employer needed to see a copy of her Social Security card. But I have no idea where I’ve stored it. It wasn’t in our safe deposit box, and a search of all the other places I may have put it turned up nothing. We... Read More
Selling a house can be expensive. Not only are you probably going to have to lay out some cash to spruce it up so you can get top dollar, you also have to plan on paying a real estate commission, which usually runs 6% of the sales price. On a $300,000 home that’s $18,000 —... Read More
Credit reports often feel like a mystery, particularly if you haven’t seen yours. But what if you discovered you had a second credit report you didn’t know existed? “It’s a pretty rare thing,” says Carla Blair-Gamblian, director of credit education for Veterans United. But every once in a while she’s seen situations where a client ended... Read More
When you apply to rent a home or apartment, it’s not unusual for the owner or manager to require a credit check — and to charge a fee to recover the cost of purchasing it. If it’s your credit standing, do you have a right to see what the landlord saw? That’s what a Credit.com... Read More
The typical family with children in grades K-12 plans to spend $630.36 on electronics, apparel and other school needs, down from $669.28 last year, according to a survey released Wednesday by the National Retail Federation and conducted by Prosper Insights & Analytics. The poll of 6,500 consumers was conducted June 30-July 8. The consumer polls have a... Read More
College is expensive, and it’s especially shocking to some parents and students when they start the financing process to learn that one form — the FAFSA — may largely determine their financial fate when it comes to federal student aid. It may be tempting to fudge the numbers on the FAFSA to get more money to... Read More
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