Posted in Resource Center by Lee Avery | July 3, 2013
Having a bad credit score can be very discouraging. While it can be tempting to want to believe a company that says it can repair your credit score quickly, the fact is, no firm can actually deliver on this promise. If you’re approached by a credit repair company, the State of Connecticut, Office of the Attorney General recommends contacting your local Better Business Bureau, your state or local consumer affairs agency, and your state Attorney General to verify that the business is legitimate and no complaints have been filed against it.
Posted in Resource Center by Erin Scobie | June 19, 2013
If you are facing past-due bills or struggling to make ends meet between paydays, a secured or unsecured personal loan may be a viable option for you. Eligibility requirements vary from lender to lender, but oftentimes you can be approved within 24 hours. As with any contract, you must read the fine print and obtain written verification of the terms and conditions of the loan agreement. Failure to repay a personal loan could have lasting financial consequences, including higher interest charges, lower consumer credit scores, and less borrowing ability for years into the future.
Posted in Resource Center by Branford Lyles | June 5, 2013
Your consumer credit score offers a snapshot of your borrowing and payment history. Creditors use the information reported in your consumer credit file to determine whether you are creditworthy, meaning you are financially responsible enough to be given credit. To protect the authenticity of your credit file, the federal government has approved common practices that all creditors, collectors and credit reporting companies must obey. These practices are outlined in the Fair Credit Reporting Act.