• Lower your monthly payments
  • Reduce stress and live your life
  • Avoid personal bankruptcy court

Check Your Credit Free With Credit Karma

For almost a year now I’ve been checking my Transunion credit score for free with Credit Karma. Don’t worry you don’t need a credit card. There is no trial offer to sign up for. It’s a totally free credit score without the catches.

Here’s a look at my credit score for the past few months:

Transunion credit score history

Transunion credit score history

And here is my current Transunion credit score:

Transunion credit score

Transunion credit score

Not only can you check your Transunion credit score for free but you can also get access to your Auto insurance score which lets you know how insurable you are and your VantageScore which is similar to the FICO credit score but a different formula. And speaking of the FICO scores, I did pay the fee to check my FICO score and it was almost the same as the Transunion score so this way you can get a good idea of how good your credit is when you want to buy a car, home, boat, or apply for a credit card.

And a new Credit Karma feature is their Credit Card Approval Odds. You can get a good idea of how likely you will get approved for a new credit card before you apply and put more hard inquires on your credit file than you need to.

I tried it out and it worked for me. I was able to get approved for a new Capital One Rewards Credit Card with a $1,000 credit limit. It pays me 2% cash back on gas and groceries and 1% cash back on everything else. The only downside is the $39 annual fee which I should more than makeup with the cash rewards.

So take a couple minutes and check out Credit Karma to get your absolutely free credit scores with no credit card needed. I like it and I am sure you will too.

Here’s a video with some more details:

Why You Should Invest or Borrow With Lending Club

Lending Club (LC) is a peer 2 peer marketplace that allows people with extra cash invest their money in people who need cash. It is a great solution for both ends of the spectrum: investors and borrowers.

The net annualized return since June of 2007 for LC investors has been 9.67%. Since June of 2007 this return bests stocks and bonds, however, in the grand scheme of things, a three year period is a very small sample size. The historical returns of stocks have been around 7% and bonds are even less than that. Even if the Lending Club average return doesn’t stay this high, it will definitely be a worthy investment.

Borrowers, on the other hand, are able to get loans with rates as low as 6.78%. The actual rate is based on your credit score, loan term, loan amount and credit history. The current national average for a $5,000 36-month loan is 12.26%. There’s no reason not to check and see if LC can provide you with a lower rate.

Get a Personal Loan Today!

Lending Club is able to provide higher returns for investors and lower rates for borrowers because the investing directly with the borrower is a very efficient system. Banks and credit card companies have much higher costs of operation. LC does take a percentage from both the investors and borrowers.

I’ve been building a LC portfolio for over a year. I have not had any loans go into default and my net annualized return is 10.08%. My strategy involves investing in B rated notes for people that are trying to consolidate debt. The idea is that the borrowers you’re giving money to are already paying debt. Since they’re consolidating debt at a lower interest rate, it will be easier to pay the debt because the monthly payment will be reduced. Lending Club even offers bonuses for new investors.

Lending Club is a terrific option for both investments and loans. Learn more about my Lending Club referral at: http://www.personalfinancestartup.com/2010/10/21/lending-club-referral/

Free MyFICO FICO Credit Score

Knowing your FICO credit score can save you thousands.

Free FICO Credit Score

There are many reasons why it is important to know your FICO credit score. Your lenders view your FICO and decide if they want to lend you money and at what interest rate.

If you have a good FICO score they will approve you for a new car loan, mortgage loan, or new low rate credit card.

If you have a bad FICO score they will usually deny your application or charge you a very high interest rate that it will make it very hard to afford the monthly payments. And heaven forbid you miss just one payment. Your APR can jump up to 20 or even 30% interest.

The good news is you can check your FICO credit score for free.

Free FICO Credit Score

This score comes straight from the folks at Fair Isaac or MyFICO. This is the credit score most lenders pull when they check your credit. You can see what they see and see where you stand.

And there is some fine print which you can check out below:

When you order your Free FICO Credit Score here, you will begin your 10-day trial membership in Score Watch®. If you don’t cancel your membership within the 10-day trial period, you will be billed $12.95 for each month that you continue your membership. You may cancel your trial membership anytime within the trial period without charge.

So you can check out where you stand for free and then cancel it if you don’t want to continue.

Do yourself a favor and check out your FICO score free while this offer lasts.


Debt Cures Reviews

Chapter 13 Bankruptcy Fails 67% Of The Time!


I just finished reading an excellent blog post on the Zipdebt blog about the various success rates of the popular Debt Cures: bankruptcy, credit counseling, using a debt settlement company and negotiating your own debts. The most surprising results were that using a debt settlement company fails over 66% of the time, using credit counseling fails 75% of the time, and bankruptcy fails 67% of the time!

What does work?

Do it yourself debt settlement.

“With the ZipDebt program, within the 6-12 month coaching period, 71% of clients report full success with the program, 78% or more report being at least halfway done with their settlements, and 94% report at least one settlement.”

No other debt settlement program can claim such high success rates.

You can settle your bad credit card debts for 33.4% on average, compare that to 40% to 60% the debt settlement firms advertise.

So if you are experiencing high credit card debts and you are struggling to get by, you owe it to yourself to learn more about settling your own credit card debts. It’s the cheapest option and the one most likely to succeed.

It worked for me to the tune of $43,250 settled for $13,054 on 3 credit cards and reduced a 4th balance from $10,160 to $7778 with a 1% APR interest rate for 5 years.

This is the best Debt Cure I have found and it can work for you.

Let me know if you have any questions or comments below.

Thank you,


Debt Cures Reviews