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Posts tagged "prevent foreclosure"

New credit score calculation may benefit those in debt


Financial considerations are often foremost in the minds of New York residents who seek to keep moving ahead economically and enjoy a stable lifestyle. When unexpected circumstances occur and debt levels rise, many people feel the pressures in the form of financial stress, harassment from debt collectors, falling credit scores, and worries about bankruptcy. Because credit has become more and more important in American society and can affect everything from getting a cell phone or electricity to securing a mortgage, many people may look to a debt workout or settlements in an effort to prevent further damage to a credit score. Fortunately, changes to the credit score calculation formula are likely to benefit a number of people throughout the country.

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