Rebuilding Credit

I just saw an ad (on TV) that deserved a comment. In the commercial, a woman, who maxed out multiple credit cards – even after getting new cards to do balance transfers – over a great period of time, claimed to have solved all her credit problems (or at least her credit management problem) by visiting a website and getting her credit reports from all 3 major credit-reporting agencies.

Why does this deserve a post? Because it’s wrong! If you have problems like this – consistently overusing your credit, especially maxing-out cards – knowing that you have created a problem is not enough. The 4- or 5-digit balances on your statements ought to take care of that.

If you consistently are obtaining and using more and more credit – by, for example, filling out 10% or more of the credit offers you get in the mail – you need to get somebody to help you manage your credit and hold you accountable. This can be a family member, but it’s probably best if it’s a professional, or at least a non-relative.

Check out my finance page for more tips and information about money and credit management.

The 3L’s Dilemma (A Harsh Dose of Reality)

Barely Legal discusses the harsh realities of law school. Truth be told, this doesn’t really scare me, because I’m a geek (this guy). I enjoyed the classes I attended in Chicago – a lot. Arguing over the ins and outs of why some ruling does or doesn’t make sense and why we should or shouldn’t look at it a certain way strikes me as… <whisper>fun</whisper>. Anyway, we’ll see, soon enough.

Hat tip to JD2B.com.