Friday, October 07, 2005

Katrina & Credit Score


There is a second storm coming to the victims of Katrina. They are already battered to dust. Will they overcome this?

A second storm surge may soon start slamming into Gulf coast residents hit by hurricanes Katrina and Rita. Mounting unpaid bills will lead to a surge of black marks on victims' credit reports, say consumer advocates, sinking their credit scores.

And now, they say, efforts to convince the nation’s credit bureaus to develop new systems to account for victims’ temporary bill-paying troubles have hit a major snag.

Next Storm For Katrina Victims - Bad Credit Score

I see nothing to cheer about this news.

Johncy Edward
Your Trusted Credit Score/Credit Repair Guru


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