Paulson says no quick fix for credit problems (Financial Times)
The first is the most obvious. Pay all your payments on time. The second is, don't apply for any new credit unnecessarily. Every time you sign and return a new credit card offering, or open that second account at a department store because you get a 15% discount, an inquiry will be generated and that will reduce your score. The third is that if you must maintain credit card balances, try to keep them at a level that is 35% - 40% of the maximum credit limit. In other words, if the credit limit is $1,000, try to keep your running balance below $400. Believe it or not, consolidating all your credit cards onto one can hurt you, if the balance is at the credit limit. The fourth is, if you get into a dispute with the phone company and it isn't a huge amount, pay it and move on. Having one or more collections, even if they are small amounts, can really hurt your score.
Paulson says no quick fix for credit problems (Financial Times)
Wall Street stocks were lower by mid-morning on Tuesday, after Henry Paulson, the US Treasury Secretary, said he saw no quick solution to problems in the credit markets.
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'Going FHA' Back in Vogue (The Philadelphia Inquirer)
As the mortgage industry goes through a wrenching retrenchment, government-backed loans for first-time homebuyers and borrowers with credit problems are coming back into favor.
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Home fix-up may wait (Denver Post)
Consumers may begin to halt plans for home-improvement projects if the downturn in the housing market and subprime market woes continue.
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Not doing homework can cost on car repairs (Fort Worth Star-Telegram)
By Dave Lieber Alexis Geisel, living on her own since age 18, works two jobs a week -- 60 hours total. She goes to college, too. "I'm very independent," the 22-year-old says. "I don't have any credit cards. I pay for school myself. Everything I have, I bought myself. I don't have any debt." But when the transmission on her car broke, the Fort Worth woman faced a true test of her independence and ...
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Credit union posts loss again (Milwaukee Journal Sentinel)
Financial woes continued to mount for Allco Credit Union in the second quarter as it posted another loss and disclosed that the amount of loans flirting with delinquency had tripled since the last quarter.
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The Charter School Flood (The Nation via Yahoo! News)
The Nation -- Rob Wyman says he couldn't field any more questions about error-filled report cards, so he made this sign and tacked it onto his office bulletin board: "We are sorry. We did not do the report cards. We don't know how the problems happened. We do not know how to fix the problems."
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Mmm, mmm, smell that bacon (Wentzville Journal)
Your football fix is coming. Fourteen varsity teams, 140 games (at least), and let's say a thousand players. That's a little of the raw data on a high school football season - and that's just St. Charles County.
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Financial aid problems mean long lines at Clark Atlanta (Atlanta Journal-Constitution)
Hours-long financial aid lines, a major housing crunch and a murder near campus — and classes at Clark Atlanta University haven't even started yet. It's been a shaky start to the school year at the Atlanta institution, where hundreds of frustrated students are still scrambling to fix financial aid problems and get enrolled as classes start Tuesday. Clark Atlanta administrators do not require ...
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Hey Switz, should I fix? (Peter Switzer via Yahoo!7 Finance)
The one question I hate having foisted on me comes when the Reserve Bank raises interest rates. And it goes simply this way: "Hey Switz, should I fix my interest rates?"
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Sloan is back (Toronto Star)
1. What was your first job? My first job was working at a used record store when I was 12. I was getting $3.50 an hour and 50 cents credit per record. I used to go in all the time to buy stuff and there was a guy working there who I sort of knew.
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Paulson says no quick fix for credit problems (Financial Times)
If the account is now paid off, but was seriously past due at one time, DO NOT write that it's not your account. Instead, write that it is your account but was NEVER past due and you need it updated to say that everything has always been current.
Related keywords: improving credit rating, credit lead repair, credit repair books
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