Managing Credit and Debt Archive

Lenders, landlords and insurance companies will use your credit score to assess risk factor. A poor credit score adversely affects your ability to rent an apartment, buy affordable insurance, or obtain a loan, mortgage, or …

The phone rings, you look at whose calling, and you don’t recognize the phone number.  Damn, it is one of those persistent debt collectors. But I don’t have any current debts! Your first response may be …

Restoring a good credit rating is more than just regaining the buying power for the trappings of modern life. It is the process of restoring your name and reputation. Bad credit not only affects consumer …

How to Remove Debt from Your Life Many people believe that simply making more money will solve their problems but, in most cases, it only causes bigger problems. If you do not take control of …

Generally there is not much to going over your credit reports. You read over them double-check a few items and more or less forget about them until next year. Or maybe you’re in a different …

There are two things most people want when a debt collector calls: get them off the phone, and get them out of your life. But if the collector happens to be calling about an invalid …

We all want financial freedom, but many times the question is, what exactly are we willing to do to gain such independence. Like most things in life, financial freedom can not be obtained without hard …

The majority of students will graduate college with a student loan debt of around $22,000 which becomes reality once the payments fall due six months on. The last thing you want to do is increase …

Your credit score is the single most important factor businesses consider when evaluating you for credit purposes. Employers and insurance companies are also interested in gaining insight to your financial solvency. Your credit score is …

Before you anchor yourself to the goal of becoming wealthy, you should have a clear definition of the term wealth. At the most basic, wealth means having an abundance of something; however, an abundance of …

Filing for bankruptcy these days has a significant consolation: You’re not in it alone. This is one of the main things to keep in mind in order to survive a filing. Here is a little …

Consumers need to know the difference between debt and compound interest, and how their credit score can be negatively affected by these things. Debt is rampant throughout the world, and many credit cards and loans …

There are many efficient tips for avoiding credit card debt. The use of credit cards has cause many people to become saddled with a ridiculous amount of debt, and no conceivable method of making the …

Everyone makes mistakes, but a low credit score isn’t a permanent black mark on your record. With time, effort and negotiation, your credit can be repaired. 1. The first step to repairing your credit is …

Deciding to file for bankruptcy is not an easy decision for most people.  It is a last resort type of decision and one that is not made lightly for most that make this decision.  More …

The Smart way to Get an Advance on Your Next Paycheck You need money now and are wondering whether you should ask your employer for an advance on your next paycheck. Your employer may or …

 Economic stability is a perfect scenario for sustainable growth without inflation, deflation, recession or financial crises. Consumers and businesses best economic times during pronounced business cycles of economic stability. Unfortunately, economic stability is hard to maintain for long …

The last thing a landlord wants is to be stuck with a tenant who cannot afford to pay the rent on time. Whilst personal references once sufficed for tenants seeking rental accommodation, these days they …

Yes, you can survive after filing bankruptcy. Hold your head up high and move on with life. People will be judgmental, but that is their problem, not yours. You suffered already as you contemplated the …

Low limit credit cards are cards issued to high risk borrowers who may struggle to pay back high credit card balances, and people who have never had credit before, such as students and teenagers. Credit limits …

Do low limit credit cards help improve credit? Credit cards are a necessary factor in maximizing your credit profile. While paying mortgage and car payments can help your credit score, these types of payments do …

Bankruptcy can seem so humiliating and ugly. But if you find yourself having to face the issue, do so with head held high and confront the issue head on. You will not be the first …

That statement has arrived again. I was hoping it wouldn’t show up in my mailbox but alas it is there. The monthly credit card statement with all I’ve spent and interest due from past purchases. …

Under a proposed amendment by the Board of the Federal Reserve, card issuers will no longer be allowed to issue credit cards to those with no independent income, regardless of age. Spouses with no independent …

Are you trying to achieve economic prosperity? If so, there are a million other people out there just like you who are trying to achieve the American Dream of making it financially in life. Is …

Credit cards are, for many people, an essential part of everyday life. They are necessary to pay for goods in retail stores, over the telephone and via the Internet. Banks and other credit card providers …

One of the most difficult and embarrassing issues to talk about as a couple is finances and paying bills. Most people feel uneasy about approaching a loved one and discussing monetary issues. There is nothing …

There’s no topic that incites as much controversy in financial circles as the thorny question of credit card usage. Credit cards provide a means to “buy now, pay later”, which can undoubtedly be convenient but …

Credit card is a convenient system of payment.  The credit card holder can use the card to buy goods or services and pay the credit card company later.  Credit cards have become very popular, with …

In 2004, U.S. PIRG, a consumer-advocacy group, conducted a study concerning the accuracy of information contained in credit reports.  What they discovered was shocking.  The group concluded 25% of the credit reports contained errors serious enough to lead to …