Categories for Fixing Credit

Lastest Fixing Credit News

March 6, 2011 6:00 pm Published by

Moody’s raises concern about Weatherford report
(AP:NEW YORK) Moody’s Investors Service said Thursday that its credit ratings for Weatherford International Ltd. could come under pressure after the oil and gas drilling company said it will restate years of financial results.
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Read more on INO News

McDonnell urges increase in age for Social Security eligibility
Gov. Bob McDonnell, in an opinion column, also suggests cuts in defense funding to get federal spending in line.
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Read more on Richmond Times-Dispatch



What does it mean when a seller offers to give us 3000 in credit towards fixing a potential house?

March 5, 2011 6:00 am Published by

Question by errinella2: What does it mean when a seller offers to give us 3000 in credit towards fixing a potential house?
My husband and I are in the process of purchasing our first home. We had it inspected and found out it needs a new septic tank, new plumbing under the house, and some electrical work done. We asked the sellers to fix these items. The counter offered to give us 3000 in credit towards the repairs. What does that mean?

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Best answer:

Answer by nam_miles
It means you’re getting taken to the cleaners. I’m not sure what “some’ electrical work is, but plumbing and septic alone will easily probably run you $ 10 K. If it has at least three major problems, there are probably more or others about to happen. My advice: NEVER buy a ‘fixer-upper” for a first home. Look elsewhere. Make any purchase contract contingent on a pre-settlement inspection by a professional home inspector of your choice.

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anyone have any tips for fixing my credit situation?

February 28, 2011 6:00 pm Published by

Question by BooBoo: anyone have any tips for fixing my credit situation?
right now i have three credit cards, and i owe about 1500 dollars in credit card debt. i have a 300 dollar hospital bill, 120 owed to the bank, and 8000 in school loans, what would be a good way for me to start fixing these debts

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Best answer:

Answer by tudorjason (matt)
Get a second job, cut all unnecessary expenses, stop charging on credit, and everytime you get unexpected money it should go to your debt, preferrably the unsecured debt first.

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Ex-fugitive arraigned on charges tied to $50 million mortgage fraud scheme

February 26, 2011 6:00 am Published by

Ex-fugitive arraigned on charges tied to million mortgage fraud scheme
An Ashburn real estate agent who fled the United States in July 2009 was arraigned in Loudoun County Circuit Court on Tuesday on charges stemming from an alleged mortgage scheme that defrauded lenders of $ 50 million, according to authorities.
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Read more on Washington Post

Business Briefs: 30-year fixed mortgage rate drops below 5 percent
30-year mortgage rate drops below 5% The average rate on the 30-year fixed mortgage fell below
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Read more on Fort Worth Star-Telegram



What’s the best way to go about fixing my credit?

February 24, 2011 6:00 am Published by

Question by lavenderflower718: What’s the best way to go about fixing my credit?
I have a bunch of random things on my credit from my when I was under 20. I’m now 25 and trying to fix what my young age messed up. I’m having trouble finding what I owe and who I owe it to. My credit report didn’t help much as I do not know exactly what to do next. Any advise would be helpful! Thanks alot everyone.

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Best answer:

Answer by The Duke
Your credit report SHOULD show how much you owe, and who you owe it to.

If you have a correct credit report, and it doesn’t say you owe money, then you don’t owe any money. You were probably sent to a collection agency, and they never collected. Or they just cut their losses, who knows.

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