http://www.youngmoney.com/credit_debt/credit_basics/96/ Just another WordPress weblog Sat, 21 Nov 2009 21:28:17 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://www.youngmoney.com/credit_debt/credit_basics/96/comment-page-1/#comment-1186 fact or fiction? Mon, 06 Jul 2009 16:05:43 +0000 http://75.145.89.9/?page_id=368#comment-1186 Although it is true that your FICO score does not have an effect if you join credit counseling. But what the creditors report does. Some of the creditor will report that you are not paying as agreed so while you are in credit couseling for 5 years you can now add the 7 years that it stays on there and together that is 12 years but if you calmed bankruptcy that will stay on your credit report 2 years less only 10 years. Although it is true that your FICO score does not have an effect if you join credit counseling. But what the creditors report does. Some of the creditor will report that you are not paying as agreed so while you are in credit couseling for 5 years you can now add the 7 years that it stays on there and together that is 12 years but if you calmed bankruptcy that will stay on your credit report 2 years less only 10 years.

]]> http://www.youngmoney.com/credit_debt/credit_basics/96/comment-page-1/#comment-1185 fact or fiction Mon, 06 Jul 2009 16:01:36 +0000 http://75.145.89.9/?page_id=368#comment-1185 I do know that Credit Counseling is not a factor in the FICO score and in most cases the clients that do come to you have already hurt their credit. What I get upset with is that the counselers do not tell them that the creditor can still report that a client is not paying as agreed there for it is possible that by going through credit counseling can be more daming than a bankruptcy. Here is how. You start credit counseling on 01-01-09 and you maintain your payments for 5 years. Not only do you have the year or years before the issue now you have 7 years after the issue 5+7=12 years. If you calm bankrupsy you have 10 years of daming credit. 2 years less I do know that Credit Counseling is not a factor in the FICO score and in most cases the clients that do come to you have already hurt their credit. What I get upset with is that the counselers do not tell them that the creditor can still report that a client is not paying as agreed there for it is possible that by going through credit counseling can be more daming than a bankruptcy. Here is how. You start credit counseling on 01-01-09 and you maintain your payments for 5 years. Not only do you have the year or years before the issue now you have 7 years after the issue 5+7=12 years. If you calm bankrupsy you have 10 years of daming credit. 2 years less

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