Credit Education
Talk to your kids about credit
The governor of Illinois signed a law today that limits the marketing that credit card companies can do on college campuses. Personally, I applaud this decision because I have experienced the detrimental affects of poor credit choices while young personally. It was actually a pretty nice piece of legislation in that it doesn’t prevent credit card companies...
New Credit Card Laws Are Not In Effect Until February
Consumers need to be especially vigilant about their credit cards for the next few months. I’m sure you’ve all heard that major regulatory changes were signed into law back in May, 2009 regarding how credit card companies can operate, but keep in mind the law does not go into effect until February, 2010. That means the credit...
How long does the MultiPhase Program Last?
The National Credit Solutions MultiPhase™ System is designed to last for 6 rounds. Each round lasts approximately one month. Not everyone needs all six rounds though, and occasionally people need more than six rounds depending on their unique credit situation. Some people are done in 45-60 days, but that it unusual. ...
Negative Items Come Off My Credit Report After 7 Years, Right?
It’s a common belief that after 7 years the negative items on your credit report simply disappear. That’s the statute of limitations (in most states) right? Sadly, that’s wrong. Are the negative items supposed to come off after the statute of limitations has expired? Yes they are, but the reality is...
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