Affect

jedwan on February 19th, 2010

I really need help.  I have about $75,000 in credit card debt.  I always pay on time and my Fico is 712.  However, I am fully maxed out and need a way to pay down principal because I spoke with Citibank ($40,000 is on this card) and they said that they would lower the interest rate to ZERO for 12 months and let me pay 1% , $400 a month, but this would close the card.  So, this is not a settlement but rather the bank closing the card with a payment plan.   A. How would this affect my FICO score? B. I am considering doing this on all 4 cards that I owe on.  Thoughts? C.  Would AMEX close my charge card because of these changes to my credit report, even though I regularly pay off this card each month (I need this card).   Please help. 

Continue reading about What happens to my FICO if I let Citibank

jedwan on February 9th, 2010

Lengthening life spans affect savings plans
GORDON STUDER/Special Contributor to the DMNMaybe you don’t want to hit the century mark, but more of us will, which means that we have to start today to ensure that we have enough money to sustain us in that long retirement.
Read more on Dallas Morning News

Continue reading about Lengthening life spans affect savings plans

jedwan on January 25th, 2010

Ok, as set a plan in action to repair my credit and increase my fico….On today, I recieved a letter from CITI stating that a review of my history lead to a closing of Zales card, which had a zero balance and not used in over 2 yrs.  Reasons stated: High revolving, unpaid collections..ect.  How will this affect my fico reporting and score.

Continue reading about Closed account Notication

My parents bought the house 4 years ago, at a rate of 4%, which is due to change next year, when assessing their loan. With the crisis in the market and the granting of new loans is linked to severe as a result of these occur, they are what refinance has in Serbia for their [...]

Continue reading about Mortgage Finance Experts: How will the market affect homeowners who will be refinancing next year?

jedwan on January 16th, 2010

I could use the help of potentially revise my mortgage to be more accessible. It ‘can get to me, without doing so. When I called my title guides and rework my mortgage for a reduced interest rate or principle reduced, seems like this is my credit score?

Continue reading about How does reworking a mortgage affect my credit score?