Caraballo & Associates

The Biggest Problem Credit Counseling Agencies (Part 1)

These companies have been around for years making promises of lower credit card payments, frozen interest rates, shorter pay-off schedules, etc. etc.
These programs seem like a no-brainer for the person that is having trouble with their monthly credit obligations. Those of us that have had hardships and those of us that basically just let our [...]

Should I Accept My Loan Modification…Part 3

Welcome back to the 3rd part of our loan modification series.

Here is a quick recap of what we have covered thus far.

In part 1 we covered:

A brief explanation of the situation.
An explanation of basic rules to follow while going through the process.
The issues/pitfalls you may run into throughout the process.
Some of the more confusing aspects [...]

The Simplest Way to Order Your Free Annual Credit Report

Here is the simplest way I have found to order your free annual credit report. I have included step by step instructions on how to do it.
The only site you should be using when ordering your free report should be https://www.annualcreditreport.com
Don’t go through any other sites that may have a mix of these words or other [...]

Should I Accept My Loan Modification…Part 2

Ok, so last time I wrote about this I was left a little confused. I was not given clear information, everyone I spoke to gave me a different answer to the same question, etc. etc.
(Remember that I am sharing the story while at the same time what you see in italics and bold is me [...]

Financial Irresponsibility Can Be Expensive

I recently had a run-in with the law. I was stopped by a police officer for speeding.
(I could end the lesson right here by telling you that if you stop speeding you can save yourself possibly hundreds if not thousands of dollars per year and be perfectly justified.)

Lower pollution
Less chance of accidents
Less wear and tear [...]

Should I Accept My Loan Modification…Part 1

This will be a series of posts where I share with you a step-by-step account of what I am seeing, hearing and doing while I attempt my loan modification. Because of my background in mortgages and finance, I know some of the question to ask. So as we go along I am going to add areas of concern or advice on what I think should be done at certain points.

The Truth About Ordering Your Free Credit Report

Ordering one’s own credit report seems to be a source of fear and hesitation for many people.  “Will this affect my score?  Will my score drop?  How much will it drop?”
These are all valid questions and concerns.  To add to the indecision and worry that one feels about this “not too clear subject” are all [...]

Did You Know This About Your Credit Score?

Did you know that if your credit card provider decides to one day lower your credit card limit that your credit score could be negatively affected?