September 11th, 2009

Credit Karma Weekly Round-up: Updates on the Financial Front

1 Comment

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Do you know how the economy is doing nowadays? Is there still a credit crunch? And can your credit score survive through it all? Not to worry, our weekly round-up is geared towards keeping you in the know on the economy, while also keeping you on your toes on how to keep your credit healthy through it all.

Personal Finance

Credit Reports and Credit Scores

Credit Cards

Debt

Credit Karma

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One Comment

  1. Justine – Please report to your readers that there is an Urgent need for an immediate change/reform in the credit reporting system to stop the massive amount of bankruptcies that are in progress or are on the verge of happening due to the current economic crisis. We need to urge Congress to initiate Credit Reporting Change to give people an incentive to “fight the good fight” and not go bankrupt.

    Initiate Immediate change to the “Consumer Credit Reporting” as follows:

    1.) All derogatory credit shall be taken off the credit report after consumer has kept each particular account current for a period of 24 consistent months.
    RESULT: Encourages the consumer to continue to fight the “Good Fight” and continue to pay their bills knowing that “once paid” the derogatory credit will fall off their credit report after 24 months of consistent “on-time” payments. What an incentive!!!

    2.) If an account is “PAID OFF” – any derogatory credit shall be taken off the credit report after 24 months from date of pay-off.
    RESULT: Encourages consumers to work with friends, relatives, etc., to come up with enough money to pay off their collections, judgments, liens, or problem debts knowing that the consumer will have a clean credit report after 24 months from payoff date. What an incentive!!!

    3.) Regarding Bankruptcy: If a consumer has gone bankrupt or in the process of bankruptcy — the consumer shall have the right to reopen the bankruptcy file and pay off the bankruptcy in full. Once paid off, the derogatory credit shall be removed from the credit report file within 1 year from date of settlement/payoff.
    RESULT: Consumers will have the opportunity to go back and pay off their bankruptcy that has been discharged within the last five years. Once the consumer pays off all creditors then the bankruptcy will be eliminated from their credit file one year from full payoff date. What an incentive for the consumer and allows creditors to receive payment.

    Would love your help. Please refer people to http://www.creditreportingchange.org

    We need change NOW!

    Thanks again,

    Steve Curtis
    (888)368-5245
    http://www.creditreportingchange.org

    Steven A. Curtis at 9:35 pm on September 15, 2009

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