Credit Freeze Hurts Independent Contractor

by Mike
(USA)

I've been hurt by the current credit freeze mainly because others have also been hurt. Personally I have good credit and when my credit was checked twice, both times I came away with good results. When they turned on my power recently, if my credit score was bad, I would have needed a deposit. And I got a better auto insurance rate because of my good credit.

But several of my clients have cut back because of the credit crisis. With less credit and less money to pay they bills, they cut back where they can and that unfortunately means less money for me, even though I have good credit and pay all of my bills on time.

I did everything right and yet I still suffer from the credit freeze. One client paid me every week on time until the credit freeze. Now I find myself letting her not pay me every week but instead she's paying me once a month when she gets paid. I also see her less often. Another client wanted to keep me on but couldn't afford to.



Hi Mike,

I hope you'll come back to my website Get Your Best Mortgage Rate again in the future. Of course, all of my information is free.

So remember to bookmark Get Your Best Mortgage Rate to your favorites and visit it often for up-to-date homeowner tips, news and advice.

You can also invite friends to comment on this page or create a page of their own like you did.

Best Wishes,





Your Online Mortgage Advice Friend

PS Go to my Best Mortgage Rate Blog, an entertaining source of mortgage information. Subscribe now to the RSS feed.

PPS What if you could share your views that are important to you? Now you can! Rant, rave and review the credit freeze and other mortgage news here.

Bailout|FHA|Credit|Rates|Advice|Refinance


The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get Your Best Mortgage Rate

Click here to post comments.

Join in and write your own page! It's easy to do. How?
Simply click here to return to How To Improve Your Credit Rating With Amazing Success
.

Grin and Bear It!

Get-Your-Best-Mortgage-Rate.com is getting a facelift!

Please bear with me! The content is identical so continue to browse. I'm working as fast as I can to finish up!

I'm grinning. Hope you're enjoying the new look too!

Your friend,
Kate Ford

You Can Own My Brain

Lock Answers by Kate - Learn the nitty gritty inside story of locking your mortgage rate.

Refinance Answers by Kate - Refinancing brings out opinions, for sure! Get the facts here.

Answers by Kate For Seniors - Reverse Mortgage, the unique income answer for retirees.

Home Buying Answers by Kate - Learn how to buy a house. Unusual facts to aid your home buying experience.

Credit Answers by Kate - Improving credit could change your life. Find how to get more than temporary results.

FHA and VA Answers by Kate - Clear the fog. The low down on VA and FHA loan requirements.

PMI Answers by Kate - Private mortgage insurance, friend or foe? Do you know how to get rid of it?

ARM Answers by Kate - Do you have an adjustable rate home mortgage? You can ask Kate for help.

Loan Modification Answers by Kate - Unique help for modifying your mortgage. Make sure you don't miss this.

Website Answers by Kate - Yes... Readers even ask Kate how to build a website.