Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Daily Slinks
Daily Slinks
January 15, 2006
Internal Revenue Service will outsource debt collection
At least three private-sector companies are about to get a contract from IRS to help with unpaid tax collection. Yep, debt collection agencies at your government service. And the biggest worry some are saying, is how safe your personal information will be. All the contractors must be in US which is nice. I thought they would send everything to India or Russia. Also on the plus side is that once the investigation is completed on a given individual, meaning I guess the debt is collected, the honorable contractors must purge the data about this given someone. Boy, I am already feeling better. And just in case "the contractor isn't able to immediately purge this data, they are responsible for protecting that data from unauthorized inspections or disclosures". Ya, right ...
Posted at 12:30 AM
January 11, 2006
Bankruptcy filing was at all record high in 2005
Small wonder as everyone was trying to beat the October deadline for the new law that made Chapter 7 virtually a no-man-land, or a woman by the same talking. Over 2 millions filed. No free ride any more ...
Posted at 09:39 AM
January 05, 2006
IBM to freeze pension plan in 2008
Just what we said in our reverse mortgage article 3 weeks ago, shrinking pensions will push more and more retired baby boomers to seek alternative sources of income. Read IBM story ...
Posted at 05:13 PM
Just in case you missed it
This is the good one from SmartMoney.com, covers variety of credit card and identity theft topics.
Posted at 01:29 PM
December 15, 2005
GM suspends matching contributions for employees 401k plan
In what could be a sign of real trouble for GM, the company announced that it will no longer contribute into 401k plans.
Posted at 02:13 PM
December 05, 2005
ATM fees are at record high
That's from bankrate.com - ATM fees bleed your checking account.
You are getting charged for using ATM that belongs to a bank where you don't have an account. In such case you are getting hit from both sides, - the other bank and your very own. Bounced checks are also big cash drainer for your accounts.
Posted at 04:40 PM
September 28, 2005
Tip of the Day
Did you know that getting a free copy of your credit report at www.annualcreditreport.com is not enough to understand where you stand with your credit? You still need to buy your credit score.
Posted at 01:23 PM
September 27, 2005
Tip of the Day
Did you know that you have three FICO scores?
Each of the three major credit bureaus could calculate your score differently because they may’ve collected different information about you. The lenders usually consider your Middle FICO score.
Posted at 12:25 PM
September 26, 2005
Tip of the Day
Making credit card payments on time is critical to keeping your FICO credit score high, but making only the minimum payment may actually lower your score.
Posted at 04:13 PM
July 11, 2005
Historically Lowest Rates for Bad Credit Mortgage?
Going to get the lowest mortgage rates with your Bad Credit?
Yeh, may be... in your dreams. In 60 sec you can be a house richer... really? Screen shot of Yahoo! ad.
Posted at 01:40 AM
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Bad Credit Advisor online magazine provides daily news about credit, debt and mortgage. We aren't paid to mention specific deals or products. We cover what we think is interesting as industry professionals ourselves.
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