49 min
Episode #197 - Guest: Mike Olden of American Reporting Company Open House with Team Reba
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- Business
Segment 1: Covering the locations where you can go online like www.annualcreditreport.com for your legally approved annual report, to check to make sure there are no anomalies, plus www.myFICO.com for purchasing your credit score. These are separate items, so be aware of the difference and listen in to learn more about it. Notice to listeners that the “credit repair” and “debt recovery” companies who are taking lots of air time with ads recently are basically wolves in sheep clothing, preying on consumers who are in tough spots. Best to go to www.HUD.gov for assistance.
Segment 2: What happens when debt is forgiven and you go to do your tax return? Be sure to discuss with a tax professional regarding insolvency and if you qualify. Want to know what happens when you dispute something on your credit report? We cover some best practices along with how to talk to creditors for best results.
Segment 3: Forbearance and how it will impact (or not) your credit score. During COVID there are 5 main areas considered 1. Forbearance, 2. Current, 3. Deferment, 4. Modification, 5. Covid-declared disaster. What happens if you do a settlement instead and pay less than what is owed? We cover what that can do to your credit score as well. Brief touch on bankruptcy within this realm too.
Segment 4: Identity theft and how to limit it from happening. What is a credit freeze vs. credit lock. How to get the best FICO score over time and planning ahead to make it happen, especially if you’re considering a major purchase like a house, car or other higher priced item.
Support the show
Segment 1: Covering the locations where you can go online like www.annualcreditreport.com for your legally approved annual report, to check to make sure there are no anomalies, plus www.myFICO.com for purchasing your credit score. These are separate items, so be aware of the difference and listen in to learn more about it. Notice to listeners that the “credit repair” and “debt recovery” companies who are taking lots of air time with ads recently are basically wolves in sheep clothing, preying on consumers who are in tough spots. Best to go to www.HUD.gov for assistance.
Segment 2: What happens when debt is forgiven and you go to do your tax return? Be sure to discuss with a tax professional regarding insolvency and if you qualify. Want to know what happens when you dispute something on your credit report? We cover some best practices along with how to talk to creditors for best results.
Segment 3: Forbearance and how it will impact (or not) your credit score. During COVID there are 5 main areas considered 1. Forbearance, 2. Current, 3. Deferment, 4. Modification, 5. Covid-declared disaster. What happens if you do a settlement instead and pay less than what is owed? We cover what that can do to your credit score as well. Brief touch on bankruptcy within this realm too.
Segment 4: Identity theft and how to limit it from happening. What is a credit freeze vs. credit lock. How to get the best FICO score over time and planning ahead to make it happen, especially if you’re considering a major purchase like a house, car or other higher priced item.
Support the show
49 min
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