credit score

36 Million Americans Are Afraid to Check Their Credit Reports

This credit report phobia does not seem to afflict everyone equally. It is especially pronounced among millennials, women, and people with low income.

According to a new poll, the specter of Great Recession hardship still looms large for many Americans nearly a decade after the downturn ended, even though most negative records from that era have already fallen off people’s credit reports. Lots of people are simply too scared to see what’s on there, even if their inaction will lead to bad outcomes.

“We saw this with mortgage foreclosures, where people would not answer the phone or open their …

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Debt Negotiation Programs

Get Yourself Out of Debt

You should be cautious of claims from so-called credit repair clinics. Many companies appeal to consumers with poor credit histories, promising to clean up credit reports for a fee.

Debt negotiation differs greatly from credit counseling and Debt Manangement Programs. It can be very risky, and have a long term negative impact on your credit report and, in turn, your ability to get credit. That’s why many states have laws regulating debt negotiation companies and the services they offer. Contact your state Attorney General for more information.

The Claims

Debt negotiation firms may claim they’re nonprofit. They also may claim

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