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Debt Settlement Press, News, Personal Finance Resources, Links

PRESS RELEASES

Source One Debt Settlement, LLC Announces TASC Accreditation

SUNRISE, Florida - August 08, 2008 - Source One Debt Settlement, LLC proudly announces the completion of the TASC “Best Practices Accreditation”.   

As of August 2008, Source One Debt Settlement has completed and passed a rigorous accreditation process making Source One Debt Settlement one of very few companies to receive this prestigious designation.  As described by TASC on their website (http://tascsite.org/acc_membersoftasc.php):

A TASC “Best Practices Accredited” organization is a company that has been assessed against nationally recognized standards and operates with the highest level of quality, service and integrity – further ensuring that the company you choose is able to help during your critical time of need.  TASC accreditation provides a level of security to consumers that the certificates issued are credible, impartial and well deserved.
TASC accreditation reduces risk to consumers and gives overall confidence because the member company has been independently evaluated by a third party for its competence and performance capabilities.

TASC accredited member companies are well respected, professional and maintain a notable level of commitment to the consumers overall success in the debt settlement process. TASC fully understands the value of choosing the right debt settlement company and created this accreditation process to help make your choice easier.

For more information about our services, visit http://www.SquareOneDebt.com.

About Source One
Source One Debt Settlement, LLC is an innovative, TASC Accredited debt settlement company founded to help people regain control of their personal finances. Offering back-end support to affiliate offices across the country, Source One provides superior customer care and debt negotiation services.  With 15+ years of debt remedy experience, an adherence to a stringent code of business conduct and ethics, and standards that surpass current local, state and federal government regulations, Source One is a debt settlement industry leader.

Media Contact:
David Prince
David@SquareOneDebt.com
877-874-1236

DEBT SETTLEMENT NEWS

The Truth About Credit Card Debt Settlement (Part 1) - This article is the first of a three-part series about debt settlement.

Credit Scores - What You Need to Know - NYTimes.com - You may not have checked your credit score lately, but there’s a good chance someone else has.

Regulators Nix Credit Card Debt Forgiveness Plan - Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt.

Credit Card Rates Hustle Higher - Even as the Federal Reserve has cut interest rates, financial institutions have sharply raised rates for credit card customers - even those who pay on time - as they grapple with losses from other bad consumer loans.

Between Unruly Debt and Bankruptcy, a Settlement Solution - ...issue of debt settlement. This differs from credit counseling and debt management plans (DMPs) in that debtors pay creditors a negotiated percentage, rather than the full amount, of their debts.

DEBT SETTLEMENT PERSONAL FINANCE RESOURCES

AnnualCreditReport.com
This site "allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion." Includes a FAQ. Sponsored by Equifax, Experian, and TransUnion.

Understanding Your FICO Score
"This booklet provides a thorough description of credit scoring, including ways credit scoring can help you, the relationship between your credit report and your credit score, what a FICO score considers, and interpreting your score." Details about what a FICO score considers include payment history, amounts owed, length of credit history, new credit, and types of credit in use. Opens directly into a PDF document. From Fair Isaac Corporation, creator of the FICO score.

Build a Killer Credit Score in 2008
This January 2008 article discusses changes in the calculation of credit scores by Fair Isaac, the company that created the FICO credit score. Changes listed include how applying for new credit accounts may hurt your score less, and how having high credit card balances could hurt more. Also includes suggestions for increasing your credit score. The article notes that FICO 08 may not be in widespread use for some time. From MSN.

Your Credit Score: How It All Adds Up
Consumer fact sheet on credit scoring, "a grading system that adds or subtracts points based on select data in your credit report. ... Your final grade -- your credit score -- is said to measure how likely it is that you will repay a loan." Discusses factors used to determine credit scores (such as payment history and amount owed), ordering credit reports, and tips for improving your score. From the Privacy Rights Clearinghouse.

Your Credit Scores
Questions and answers about credit scores, "number[s] that help lenders and others predict how likely you are to make your credit payments on time." Uses the FICO (Fair Isaac Corporation) score system to show the factors affecting a credit score, such as payment history. Includes examples of actions you can take to boost scores, and contacts for credit reporting agencies. From the Consumer Federation of America and the Fair Isaac Corporation.

Facts for Consumers: Credit Scoring
Fact sheet on credit scoring, "a system creditors use to help determine whether to give you credit." Discusses the credit scoring model, what individuals can do to improve their credit score, the reliability of the credit scoring system, what happens if you are denied credit, and how to file a complaint. From the Federal Trade Commission.