''PRE-ORDER YOUR 'FREE' CREDIT REPAIR GUIDE...SUBSCRIBE NOW!''

Why I could never become a bill collector

I could never take a job as a bill collector even if my life depended on it. One of the many reasons is because I think they are the scum of the earth and I think much more highly of myself than scum. It's a dirty job and somebody has to do it but that somebody will never be me.

Calling some random stranger up and asking them for money that they haven't bothered to pay back in years just seems counterproductive to me. I mean, in most cases whenever I've had a years-long unpaid bill its generally because I have absolutely no plans to pay them.

Add the fact that 80% of all debts in America are never collected and that is a formula for a lot of cold nights and wondering where your next meal is coming from. No thank you! I'd rather sell bean pies on the street rather than accept that job...not that there's anything wrong with selling bean pies on the street!

Join the fight to stop bill collector harassment...Please "SHARE" this page!!!

What happens if you stop using your credit cards?

It is always a good idea to keep all your credit cards at least minimally active, even if you pay the entire balance off on your next due date. The reason for this is because a lot of credit card companies will either reduce your credit limit or close the account altogether.

I have a credit card from the "Express Men's" store that started with a credit limit of $500, was raised to $650, then due to a couple of years of next to no activity on the card, they lowered my credit limit to just $100. They have since raised it incrementally to $850 but in some cases, they will simply just close the account.

In an attempt to be proactive, I recently purchased a few items from their online clearance selection and a nice pair of black chelsea boots just to show a little activity. My hope is that my debt to income ratio will improve enough in the near future and lead to higher credit limits and a higher credit score.

Join the fight to stop bill collector harassment...Please "SHARE" this page!!!

Fingerhut Credit

I have been raving about Fingerhut Credit since day one. What I've realized over the years is that some people don't consider Fingerhut to be "real credit" just because they do not issue a traditional credit card that you can see and feel.

Honestly, I used to feel the same way. Part of the reason is that we have been programmed to associate "real credit" with a plastic card because to some of us, possessing a credit card gives us a sense of power that makes us feel good inside.

With companies like Fingerhut and Gettington, which happen to be owned by the same parent company, a physical credit card is not issued. Since neither company has a physical retail shopping store, it serves no purpose to offer a traditional credit card.

Having said that...both companies report to the three major credit bureaus and that is what's most important. Because both report and report often, this affords your credit score the opportunity to trend upwards at a much faster pace. My starting Fingerhut credit limit was $700 but in less than a year it is now $1400. My Gettington limit started at $400 and is now $1200.

It is worth noting that Fingerhut items will cost a little more than you would pay at a traditional retail store but in my opinion, it's worth it because Fingerhut reports to all 3 of the major credit bureaus to help get your credit back on track. Apply for Fingerhut Credit today!

You might also like: Fingerhut: The Quickest Road to Credit Repair

Join the fight to stop bill collector harassment...Please "SHARE" this page!!!

Is Having a Good Credit Score Overrated?

There are a lot of things about credit that are overrated such as the number of credit inquiries on your report, but your credit score itself is certainly not one of them.

Sure, you could get away without credit for several years if you had to but without it you will eventually run into problems renting an apt, buying or repairing a vehicle, etc.

Having good credit essentially gives one access to short term loans in the event of an emergency or other situation when you don’t have the cash on hand to make purchases for the things you need.

You might also like: Credit Inquiries Are Overrated

Join the fight to stop bill collector harassment...Please "SHARE" this page!!!