A bankruptcy will cost you more in insurance premiums, particularly for homeowner’s and auto insurance. The insurance mavens and their henchmen love credit scores and credit reports. All those dispassionate numbers lend themselves to justifying rate increases much better than real claims do. So even if you have no losses, your premiums may go up. [...]

Your credit score is a critical measure of your credit standing used by creditors who want a assessment of your risk potential as a borrower. The higher your score, the lower risk of a default. 60% of Americans are paying MORE for items financed, because they do not have a 740 FICO score. Second Chance [...]

Credit is an essential tool in achieving your future goals. If your credit isn’t in perfect shape (740+ FICO Score), you’ll be paying more for EVERYTHING you plan to finance. And that difference could be tens or hundreds of thousands of DOLLARS.

Declaring bankruptcy is no small decision. There’s a chance that it can stay with you in some form for up to TEN years. It’s a decision that will affect your self-image. It’s a condition that will redefine your credit report and certainly hurt and lower your credit score bankrupt.

To file a complaint against a collector who is harassing you, contact the FTC at www.ftc.gov or 1-877-382-4357. The FTC won’t follow up for you on your specific case, but your complaint will help others by allowing for patterns of possible law violations to surface. When a collector calls you, get their name, company name, [...]

Of all the painless ways to save money, improving your credit score is arguably the most important. From home loans and car loans, to credit cards and auto insurance, a good credit score can save you a small fortune. Over a lifetime, the savings can easily reach tens of thousands of dollars. Source: Yahoo Finance: [...]

Think of your credit report as your electronic financial reputation. If you do what you promise, then your report will be good. If you don’t do what you promise, your credit report will get TARNISH for 7 years. Second Chance Credit LLC can help you remove/delete all negative remarks on all 3 credit bureaus before [...]

Although the exact effect of any one action is hard to pinpoint, missing even one payment can knock 50 to 100 FICO points off your credit score. Something as commonplace as a bankruptcy can knock 200 points, or more off your FICO credit score, and the damage of late payments is 7 years & bankruptcy [...]