Do it yourself credit repair is not for everyone. There are many companies offering kits that provide guidelines, sample letters and “easy step by step” instructions. The fact of the matter is, unless you already have an understanding of how credit repair works and you have an enormous amount of patience and a high tolerance for frustration, then there is no such thing as “easy steps”. (more…)

This is a true story. Recently, Chase cut my wife’s credit limit from $18,000 to $1350 or $23 greater than her existing balance of $1327. Initially we thought this was because of a “missed” payment but still, it seemed like an excessive penalty.

We do all our banking through Bank of America’s Online Banking program. The “missed” payment was the result of the payment being sent by the bank to the wrong billing address. After a number of calls to B of A’s customer service, the bank agreed it was their error, reimbursed us the late fee Chase charged, (more…)