Find out more on Debt Consolidation Credit Counseling In Phoenix Now!
Monday, November 24, 2008
In today's world, it can be very difficult to get ahead. People everywhere struggle to pay bills and take care of their families. Education is more important than it has ever been. Getting an education, however, is expensive. People that have little means can struggle to pay the costs of tuition, books, fees, housing, and other expenses.
Each person's situation is unique and each person has their own challenges. Fortunately, for people living in the U.S., there are options out there that can help almost anyone to pay for a college education.
My parents honestly were dead broke when I was growing up. Even after their six kids left the house, they struggled to make ends meet. I honestly have no idea how they paid for us all when we were living at home. When I started college, I honestly had no idea how I would pay for it. I could barely pay for rent.
To make things worse, I didn't learn anything about credit growing up. Once I got my hands on some, I quickly ruined my credit score. By the time I learned about it, my score was already down in the 450 range. A 450 credit score doesn't exactly open up any doors for you.
College became very difficult to pay for, and since I had bad credit, I didn't even try to get a loan. This meant that I would have to work for a few semesters and then be in school for a semester. After 7 years of this, I still don't have a degree.
The government has created some great programs to help people like me to get funding for an education. Since I didn't know, I missed out on a great opportunity. I'm now seven years into my education, and just now getting close to earning a degree.
Getting student loans when you have bad credit is actually pretty easy. Stafford loans are secured by the federal government, so they are available regardless of credit history. People with terrible credit can qualify just like anyone else can.
I think these loans can help almost anyone to get an education. Going into debt for education is sometimes scary, but the increase in earning power definitely makes it worth it. If you have maxed out your Stafford loans, you can look at a private lender. However, if you have bad credit, you will probably need to get a cosigner. As long as you can, you can still get a private loan.
Each person's situation is unique and each person has their own challenges. Fortunately, for people living in the U.S., there are options out there that can help almost anyone to pay for a college education.
My parents honestly were dead broke when I was growing up. Even after their six kids left the house, they struggled to make ends meet. I honestly have no idea how they paid for us all when we were living at home. When I started college, I honestly had no idea how I would pay for it. I could barely pay for rent.
To make things worse, I didn't learn anything about credit growing up. Once I got my hands on some, I quickly ruined my credit score. By the time I learned about it, my score was already down in the 450 range. A 450 credit score doesn't exactly open up any doors for you.
College became very difficult to pay for, and since I had bad credit, I didn't even try to get a loan. This meant that I would have to work for a few semesters and then be in school for a semester. After 7 years of this, I still don't have a degree.
The government has created some great programs to help people like me to get funding for an education. Since I didn't know, I missed out on a great opportunity. I'm now seven years into my education, and just now getting close to earning a degree.
Getting student loans when you have bad credit is actually pretty easy. Stafford loans are secured by the federal government, so they are available regardless of credit history. People with terrible credit can qualify just like anyone else can.
I think these loans can help almost anyone to get an education. Going into debt for education is sometimes scary, but the increase in earning power definitely makes it worth it. If you have maxed out your Stafford loans, you can look at a private lender. However, if you have bad credit, you will probably need to get a cosigner. As long as you can, you can still get a private loan.
About the Author:
Dave teaches people about guaranteed online personal loans as a tool to get out of debt. He also shows people how they can secure private student loans for people with bad credit.
posted by Credit Counseling at
3:21 PM
0 Comments
To dispute a bad credit item on your Equifax credit report you must send a dispute letter. In your letter you must include the disputed item and why it is incorrect.
This letter can be created by you or you can hire a credit repair service to do it on your behalf. If you choose to do it yourself realize you have to dispute the item with each credit bureau.
This means that if you send a letter to Equifax and they remove the mark you will also need to send a letter to Transunion or Experian. There is no communication between the three bureaus regarding disputes.
Common reasons to dispute a bad credit item include; information is wrong, item is out of date, account paid in full and more. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item on your credit report.
In addition the act says the bureaus must remove an item if it is not verified by the creator. This act is what the dispute process is based upon.
When your dispute is filled the bureau will conduct an investigation. They will contact the creator of the negative mark and ask them to verify the debt, the amounts and the dates.
If the mark can not be verified then it is removed from your credit report. Often an investigation results in the removal of bad credit. This is a result of many businesses being unwilling to spend the time and money verifying disputed debts.
However before the credit bureau will conduct an investigation your dispute must be a valid dispute. There is no way to tell if the bureaus will deem your letter valid or invalid.
Many claim that the bureaus are just avoiding having to hold an investigation so they will deem your dispute invalid and respond with a letter requesting more information about the dispute. It is widely speculated that this is nothing more than a stall tactic used by the bureaus.
This is because there is no money to be earned from the dispute process. It however will cost the bureaus time and money to investigate.
I suggest hiring a service if you have considerable damage to your credit. However if you only have minor damage such as one or two negative listings then you can dispute your report yourself. If you do it yourself just be patient and persistent.
In sum you can remove bad credit items without waiting 7 years. To do this you must dispute the credit bureaus.
This letter can be created by you or you can hire a credit repair service to do it on your behalf. If you choose to do it yourself realize you have to dispute the item with each credit bureau.
This means that if you send a letter to Equifax and they remove the mark you will also need to send a letter to Transunion or Experian. There is no communication between the three bureaus regarding disputes.
Common reasons to dispute a bad credit item include; information is wrong, item is out of date, account paid in full and more. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item on your credit report.
In addition the act says the bureaus must remove an item if it is not verified by the creator. This act is what the dispute process is based upon.
When your dispute is filled the bureau will conduct an investigation. They will contact the creator of the negative mark and ask them to verify the debt, the amounts and the dates.
If the mark can not be verified then it is removed from your credit report. Often an investigation results in the removal of bad credit. This is a result of many businesses being unwilling to spend the time and money verifying disputed debts.
However before the credit bureau will conduct an investigation your dispute must be a valid dispute. There is no way to tell if the bureaus will deem your letter valid or invalid.
Many claim that the bureaus are just avoiding having to hold an investigation so they will deem your dispute invalid and respond with a letter requesting more information about the dispute. It is widely speculated that this is nothing more than a stall tactic used by the bureaus.
This is because there is no money to be earned from the dispute process. It however will cost the bureaus time and money to investigate.
I suggest hiring a service if you have considerable damage to your credit. However if you only have minor damage such as one or two negative listings then you can dispute your report yourself. If you do it yourself just be patient and persistent.
In sum you can remove bad credit items without waiting 7 years. To do this you must dispute the credit bureaus.
About the Author:
For a free sample dispute letter to remove bad credit items on your report or to learn how you can remove negative marks such as a charge off visit us.
posted by Credit Counseling at
1:45 PM
0 Comments
Iron Condor in the trading business is a stock option with two vertical spreads. The Bull Put Spread and Bear Call spread are not kung fu techniques, they are spreads that have the same expiration date. The Iron Condor is a commonly used strategy that puts the Bull and Bear spreads as the same as a call spread.
If you are an expert in day trading, you will be familiar with these terms. A newcomer, you will need to learn and master these techniques to help you become successful. The Iron Condor term resembles a condor, with tis wide wing span. Inner options are like the condors body and the outer body resembles the wing span.
The "Iron" term originates from the position of the spread. The position is placed across the spot price of the underlying instrument. The underlying instrument consists of one vertical spread below and above the current spot price. Other acondora trading strategies have the same basic shape but these are played differently.
The short and long Iron Condor are two variations in options trading that are demonstrated below. Short Iron's approach are buying long options for the inner body. The strikes are called out of the money strikes. While buying long options, the trader is able to sell options for the outer wing as well.
The long Iron Condor approach varies slightly from the short Iron Condor technique. In this strategy to learn to day trade, the trader will buy long options contracts from the outer (wings) strikes. The trader then sells the options contracts for the inner (body) strikes. These strikes are out-of-the-money puts and calls, as observed in the short Iron Condor technique.
With the many advantages that the iron condor brings, one of the most important are that the initial maintenance requirements are for a single veritcal spread. The advantage here is two net credit premiums and a potential profit that extends beyond other techniques.
Further transactions can be avoided by allowing the contracts to expire. Positioning the spot price in this fashion allows the underlying line to be between the inner strikes near the tail of the body (The inner body stike), or open contract.
The benefits obtained by adopting the Iron Condor strategy is that these commonly used techniques are used and taught to students in an attempt to learn day trading. As these are slight modifications of other condor techniques, The Iron Condor has many more advantages if adopted by a more advanced day trader with its many options available.
If you are an expert in day trading, you will be familiar with these terms. A newcomer, you will need to learn and master these techniques to help you become successful. The Iron Condor term resembles a condor, with tis wide wing span. Inner options are like the condors body and the outer body resembles the wing span.
The "Iron" term originates from the position of the spread. The position is placed across the spot price of the underlying instrument. The underlying instrument consists of one vertical spread below and above the current spot price. Other acondora trading strategies have the same basic shape but these are played differently.
The short and long Iron Condor are two variations in options trading that are demonstrated below. Short Iron's approach are buying long options for the inner body. The strikes are called out of the money strikes. While buying long options, the trader is able to sell options for the outer wing as well.
The long Iron Condor approach varies slightly from the short Iron Condor technique. In this strategy to learn to day trade, the trader will buy long options contracts from the outer (wings) strikes. The trader then sells the options contracts for the inner (body) strikes. These strikes are out-of-the-money puts and calls, as observed in the short Iron Condor technique.
With the many advantages that the iron condor brings, one of the most important are that the initial maintenance requirements are for a single veritcal spread. The advantage here is two net credit premiums and a potential profit that extends beyond other techniques.
Further transactions can be avoided by allowing the contracts to expire. Positioning the spot price in this fashion allows the underlying line to be between the inner strikes near the tail of the body (The inner body stike), or open contract.
The benefits obtained by adopting the Iron Condor strategy is that these commonly used techniques are used and taught to students in an attempt to learn day trading. As these are slight modifications of other condor techniques, The Iron Condor has many more advantages if adopted by a more advanced day trader with its many options available.
About the Author:
TheScienceOfTrading.com provides 90 free minutes of videos on option trading systems and provides a complete and detailed stock trading education for beginners to experts.
posted by Credit Counseling at
5:41 AM
0 Comments
