The Century Tree Reader

Traversing the Swamp Lands of Loan Qualification

Soooo, you forgot to drain the swamp, did you? Well here’s a quick tip to getting your credit back on track and the alligators off your backside. There are websites for obtaining a copy of your credit report. Use one and see what’s on that report. Ah, so you found where the alligators are coming from. Ok, start damage control now. First make sure these are your debts because there is that sticky situation called identity theft. Secondly, be very careful of predators that buy debts, change the date on them and try to collect the money from you plus 200% interest. There is a statute of limitations on debts of 3 to 5 years. A lot of people don’t know this and they cough up enormous amounts of money to pay off these predators. There is the beginnings of a class action suit against them. Stay tuned to hear how that comes out. Now pay off what you can, negotiate terms on the others and get yourself out of debt so that you can be a happy home owner.

This entry was posted on Friday, April 4th, 2008 at 4:03 pm and is filed under Buying Real Estate, Mortgage Help. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Susan Hilton said at April 4th, 2008 at 7:26 pm

   Alligators… swamp… credit cards?
   Great analogy!

2. Carol Ann Rakowitz said at April 9th, 2008 at 7:11 pm

   Alligators…swamp…credit cards…those are great words to describe a bad credit nightmare. I think most people know they are in trouble with credit and may know how to get a copy of their report but goodness it takes hours and hours of time on the phone to work out just one item on your report. Is there a quick way to clean up your credit? Are there reputable companies that do that? How does the average person get things cleaned up?

3. Allan Renn said at November 28th, 2009 at 7:51 am

   Hello, I have accidently found your blog while searching on online as I’m seeking some information on debt relief!. It’s an interesting website so I’ve bookmarked this site and will revisit soon to allow more time for a more indepth read when I’m more free.

4. Virgie S. said at December 1st, 2009 at 1:18 am

   post patrol…like it.

5. Dannielle Fruusto said at February 2nd, 2010 at 11:15 am

   for a oil spill on the Missippi River in July 2008, you can see it at DryDipStick

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