Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-includes/cache.php on line 36

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-includes/query.php on line 21

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-includes/theme.php on line 540

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/exec-php.php on line 21

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/manager.php on line 54

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/manager.php on line 57

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/manager.php on line 62

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/manager.php on line 63

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/manager.php on line 64

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/manager.php on line 65

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/manager.php on line 66

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/ajax.php on line 69

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/cache.php on line 33

Deprecated: Assigning the return value of new by reference is deprecated in /home/creditro/public_html/wp-content/plugins/exec-php/includes/cache.php on line 42
Bankruptcy | - Part 2

Archive for the ‘Bankruptcy’ Category

The Credit Robbers - FICO® Score | Credit Rating | High Risk Loans

Thursday, February 7th, 2008

Credit Repair + Debt Elimination = 800+ FICO® Score Credit Report

FICO® Score | Credit Rating | High Risk Loans

It is often tempting to get a loan from a non-traditional lender such as a bank or a reputable finance company when you are having trouble paying off your debts. Usually these lenders will use your house, car or other assets as collateral.

You need to proceed with caution, as your credit rating and your FICO® credit score on your credit report face further destruction in the process. 

They will ’sell’ their service to you as a solution to help get out of debt whereas the reality of the situation when dealing with such lending institutions is the fact that you are more likely to get into even more financial strife and lose the assets that have been put up as collateral for the loan and possibly force you into bankruptcy.

If you look closely at the terms of the contract with such loans you will find that you will be paying excessive interest payments and that is precisely what you should be trying to avoid as the big interest loans are what gets most people in trouble in the first place.

Falling behind on the interest payments and your FICO® credit score, credit report, and credit rating will go south in a hurry.  Any credit bureau will stalk your credit report like a hawk.

A lot of these finance companies work on the basis that they know you will eventually fall behind in your payments and they structure their business where they will repossess your assets to cover the past due debt.  Do you smell a foreclosure sting operation here?

High risk loans should never be an option worth considering simply because there is no benefit to be gained at all from getting such a loan and they only appeal to those people who are in desperate situations who can never make good the payments anyway.

More often than not the interest that you will be paying over the term of a high risk loan is almost as much as the original amount borrowed. Even if the loan is only for a short term you will be paying excessive interest rates.

 There is always a better alternative even if you need to come to an arrangement with other people you have borrowed money from to pay off outstanding debt over an extended period.

Bottom Line:  Avoid High Risk Loans if possible and maintain your current credit rating and FICO® credit score.

Dr. Robert Miller, PHD
Investigations Analyst
www.TheCreditRobbers.com

Contact Us: Send a FormMail Message

Credit Robbers Blog Home

The Credit Robbers - Press Release Challenging the FTC and Credit Repair is Ignored By the News Wires

Wednesday, February 6th, 2008

Credit Repair + Debt Elimination = 800+ FICO® Score Credit Report

Press Release Challenging the FTC and Credit Repair is Ignored By the News Wires

Did you miss the Press Release about the billion dollar credit repair industry challenging the Federal Trade Commission, (FTC), with deception and incompetence?

Last week, The Credit Robbers released an eye opening Press Release about the hidden facts about the credit repair industry and how the general public is being fleeced daily.  The release was released thru a major news organization and all the news wires elected not to run it.

Your FICO® credit score, your credit report, and your credit rating are in play every day, whether you know it or not.  Your credit rating plays a significant role in your everyday life; from your mortgage, to credit cards, to your insurance.

Get the facts from the Press Release that the News Wires have selectively ignored.  Read about the book that the billion dollar credit repair industry is talking about, but the News Wires have elected to push asside.

Ignoring your credit rating and the associated FICO® credit scores and credit report will haunt you sooner or later.  Get the Facts.

If you have debt, are facing any type of debt recovery, foreclosure, or bankruptcy, then you need to pay attention, as you may be facing unnecessary dings on your credit report. 

Your FICO® credit scores and credit rating are under daily assault.

See the entire Credit Robbers Press Release that the news wires have ignored.

Dr. Robert Miller, PHD
Investigations Analyst
www.TheCreditRobbers.com

Contact Us: Send a FormMail Message

Credit Robbers Blog Home