Call for a free consultation (800)-530-OVLG
BBB-A-Rating

Blog

20
Jan
2010

Do not consolidate credit card debt with a home equity loan/line. It can be tempting --- the rates are usually lower, and the interest may be tax deductible. However, home equity loans are secured debt, while credit card debts are usually unsecured. If you do not pay an unsecured debt - you have a bad credit rating. That is not good, but it is not permanent. If you do ...

20
Jan
2010

As with any other problem or addiction, the first step towards curing credit card debt problems is simply admitting that they do exist. Even if the debt is the result of a situation beyond ones control, such as an illness, job loss, divorce, or other crisis, one still needs to admit that he is in trouble before actually it can be resolved. This is however, the first ...

9
Dec
2009

1. If you fail to pay your credit card bills, what are the consequences and how long will your credit score be affected.If one fails to pay their credit card bills, the lenders will report the payments to the major consumer Credit bureaus like Experian, Equifax, and Trans Union. After 5 to 6 months, debts are discharged, but that does not mean that the debtor does not ...

9
Dec
2009
credit card mistakes

Credit cards can prove to be of great help during financial crisis, but if used in the wrong way can put anyone into a never ending distress in terms of credit rating. The Colorado society of CPA’s highlights the most common credit card mistakes and how to avoid them. 1. Credit card terms and rates change very frequently, so it is a must for the debtor to keep a ...

22
Nov
2009

A news report suggests that there is a decline in the charge off on credit card debts, but the rate of people with more than 30 days overdue are increasing day by day. A financial recovery is required as the nation is suffering from a shaky economic balance. One of the reason being the rising level of unemployment which had led to the high and still rising cause of ...

ARCHIVES