Debt Management, mortgage and credit news - a blog for the average consumer.

Debt solutions overflowing on TV. But there is no free lunch.

You can’t turn on cable TV for any length of time these days and not see commercials promising help with your debt.  The latest is a commercial for a consortium of credit card companies plugging …

Three Credit Reports: Pay or free?

There are three major credit reporting agencies (CRA’s) in the U.S. and you are probably recorded on all three of them. Each has different records and different ways of giving you a credit score. …

How to avoid foreclosure prevention scams

With foreclosures rising rapidly, the scammers are coming out of the woodwork. They have several ways to separate you from your money and your house:

One is to have you sign over title to your …

Watch out for Fraudulent Help with your Debt and Credit Problems.

One one page of one paper recently I saw three ads for credit repair of one kind or another. Headlines were:

1. “Do you have too much debt?….. we may be able to …

Bankruptcy may improve your credit rating.

One of the great misconceptions among people whose debt has gotten out of control is the belief that bankruptcy will ruin their credit rating. I was talking to an elderly woman who had been …

Simple ways to avoid identity theft.

Fear drives the market and a new group of services are being marketed to those who have become afraid of identity theft. But keep in mind that you can do several free things to …

Think you might be victim of identity theft?

The first thing you should do, immediately, is place a “fraud alert” on your account at the three major credit reporting agencies.

With the recent theft of computers containing names and social secuirty …

Paypal offers free identity theft protection

If you use Paypal to buy things on the web you are entitled to some free protection.

Paypal now offers free Equifax Credit Alerts to its users. They’re an early warning detection system that …

Identity theft affects millions.

The Federal Trade Commission estimates that 27 million Americans suffered from some form of identity theft over a recent five year period, and that this cost consumers more than $5 billion. It also created …

IRS auditing credit counselors looking for phonies.

Credit Counselors say they will help you manage your debt and clear up old debt. As we have pointed out on the page on Credit Counseling, we have found most of those with …

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