Comments on: The Credit Crunch and how to survive it. http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Wed, 16 Dec 2009 23:14:36 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: David http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/comment-page-1/#comment-341098 David Sat, 28 Jun 2008 18:31:10 +0000 http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/#comment-341098 A mistake that I made early in my life was applying for too many credit cards and maxing them all out. And most of those cards weren't that great either because they had a high interest rate so I was getting pretty screwed trying to pay them off. A mistake that I made early in my life was applying for too many credit cards and maxing them all out. And most of those cards weren’t that great either because they had a high interest rate so I was getting pretty screwed trying to pay them off.

]]> By: Your credit rating and you http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/comment-page-1/#comment-341096 Your credit rating and you Sun, 08 Jun 2008 20:52:22 +0000 http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/#comment-341096 [...] This week I wrote on the importance of knowing what your credit rating record says about you. Some interesting questions and tips were sent in about this. Thanks to those who contributed, it makes for good reading. http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/ [...] [...] This week I wrote on the importance of knowing what your credit rating record says about you. Some interesting questions and tips were sent in about this. Thanks to those who contributed, it makes for good reading. http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/ [...]

]]> By: moneypenny http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/comment-page-1/#comment-341101 moneypenny Fri, 06 Jun 2008 17:47:50 +0000 http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/#comment-341101 Thanks betty. good tips. sounds like you are well on your way to success. moneypenny Thanks betty. good tips. sounds like you are well on your way to success.
moneypenny

]]> By: Betty's Only http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/comment-page-1/#comment-341099 Betty's Only Fri, 06 Jun 2008 16:29:33 +0000 http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/#comment-341099 Credit is a big issue for everyone. There are a few things that we all can do to get our credit scores up. For instance, request a copy of your credit report from all 3 agencies. If I am not mistaken some states will allow you to get a free copy of it once a year. If there is anything on there that you are unaware of, paid for, or it is old dispute it. The companies of 30 days to respond and if they don't the agencies must take that debt off of your report. This will bring you credit score up. Also, pay off debt as soon as possible. A 7% interest rate is not as good as a 5% interest. When your credit score goes up, refinance your mortgage and car note. This will save you thousands of dollars when it is all said and done. Don't get me wrong, I have had credit blunders over the last few years and I am finally getting it together. My credit score went up 46 points in just one month from me disputing a few items on my report. It seems impossible, but if you put forth the effort it can and will get done. www.bettysonly.blogspot.com www.bettyosnly.etsy.com Credit is a big issue for everyone. There are a few things that we all can do to get our credit scores up. For instance, request a copy of your credit report from all 3 agencies. If I am not mistaken some states will allow you to get a free copy of it once a year. If there is anything on there that you are unaware of, paid for, or it is old dispute it. The companies of 30 days to respond and if they don’t the agencies must take that debt off of your report. This will bring you credit score up. Also, pay off debt as soon as possible. A 7% interest rate is not as good as a 5% interest. When your credit score goes up, refinance your mortgage and car note. This will save you thousands of dollars when it is all said and done. Don’t get me wrong, I have had credit blunders over the last few years and I am finally getting it together. My credit score went up 46 points in just one month from me disputing a few items on my report. It seems impossible, but if you put forth the effort it can and will get done.

http://www.bettysonly.blogspot.com
http://www.bettyosnly.etsy.com

]]> By: moneypenny http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/comment-page-1/#comment-341103 moneypenny Fri, 06 Jun 2008 16:10:41 +0000 http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/#comment-341103 Oh! and bad credit rating can hurt you in a job application, mortgage, renting contracts etc. If you apply for a top level job they credit check, you. Also for some positions of authority etc. You can clear your bad credit though. Miranda thanks for the advice on improving rating by paying off debt and consolodating too. Moneypenny Oh! and bad credit rating can hurt you in a job application, mortgage, renting contracts etc. If you apply for a top level job they credit check, you. Also for some positions of authority etc. You can clear your bad credit though.
Miranda thanks for the advice on improving rating by paying off debt and consolodating too.
Moneypenny

]]> By: moneypenny http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/comment-page-1/#comment-341100 moneypenny Fri, 06 Jun 2008 16:07:04 +0000 http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/#comment-341100 Thanks for sharing Jenn. I think you were both wise to take away the temptation of buying on credit. You can live simply, and if more people did then less would be bankrupt. Well done on improving your situation and good luck. BTW I don't have a microwave either, never have. My friend who had both breasts removed told me her specialist said keep away from them. My mother had told me the same thing, and I like slow cooking. so never had one either. So you're not missing out. I don't have air conditioning either. I'm now expecting a flood of mail from microwave lovers !!!.You could do a post on that ! Thanks for sharing Jenn. I think you were both wise to take away the temptation of buying on credit. You can live simply, and if more people did then less would be bankrupt. Well done on improving your situation and good luck.
BTW I don’t have a microwave either, never have. My friend who had both breasts removed told me her specialist said keep away from them.
My mother had told me the same thing, and I like slow cooking. so never had one either. So you’re not missing out. I don’t have air conditioning either. I’m now expecting a flood of mail from microwave lovers !!!.You could do a post on that !

]]> By: Jennifer Gniadecki http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/comment-page-1/#comment-341102 Jennifer Gniadecki Fri, 06 Jun 2008 15:20:56 +0000 http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/#comment-341102 I have awful credit from being married and poor for the first five years of our marriage. We both got rid of our credit cards when we got married, saying we would not live like that. So we have been poor, and we have had terrible trouble when things happened and we had to make due with no microwave or other things that people may consider essential. But now that we are coming out of it, now that my writing is starting to be very profitable and my husband has found a job that is also pretty darn spiffy in an area that is going to boom soon...well...we are coming out of it faster and without credit card debt. There are debts, don't get me wrong (school loans, that 1,500 personal loan we thought was such a good idea at the time LOL) but no credit cards. So even though our credit is destroyed...what will we need it for when we are saving to buy our next car with cash and already have a home? (We found a car insurance company that doesn't charge extra for credit problems as long as we pay the policy 6 months at a time.) How else does a bad credit rating hurt you? (p.s. I'm not trying to sound awesome for living the way I do, many people could not handle it. No microwave, air conditioning for only two hours a day, we live kind of miserly to reap the rewards we do. Heck, sometimes I think I can't handle it!) I have awful credit from being married and poor for the first five years of our marriage. We both got rid of our credit cards when we got married, saying we would not live like that.

So we have been poor, and we have had terrible trouble when things happened and we had to make due with no microwave or other things that people may consider essential.

But now that we are coming out of it, now that my writing is starting to be very profitable and my husband has found a job that is also pretty darn spiffy in an area that is going to boom soon…well…we are coming out of it faster and without credit card debt.

There are debts, don’t get me wrong (school loans, that 1,500 personal loan we thought was such a good idea at the time LOL) but no credit cards.

So even though our credit is destroyed…what will we need it for when we are saving to buy our next car with cash and already have a home? (We found a car insurance company that doesn’t charge extra for credit problems as long as we pay the policy 6 months at a time.)

How else does a bad credit rating hurt you?

(p.s. I’m not trying to sound awesome for living the way I do, many people could not handle it. No microwave, air conditioning for only two hours a day, we live kind of miserly to reap the rewards we do. Heck, sometimes I think I can’t handle it!)

]]> By: Miranda http://www.everyjoe.com/articles/the-credit-crunch-and-how-to-survive-it-162/comment-page-1/#comment-341097 Miranda Fri, 06 Jun 2008 15:06:33 +0000 http://www.digitalmoneyworld.com/the-credit-crunch-and-how-to-survive-it/#comment-341097 Thank you for sharing these tips! I would recommend, on top of checking your credit rating and fixing it, is to pay down some of your debt. This will help your credit rating, and put you in a better place financially -- which is especially important with the economic slowdown. Thank you for sharing these tips!

I would recommend, on top of checking your credit rating and fixing it, is to pay down some of your debt. This will help your credit rating, and put you in a better place financially — which is especially important with the economic slowdown.

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