Managing Credit and Debt Archive

Every now and then people fall in the debt trap, sometimes blindly and sometimes with both their eyes wide open. The thing to do to get out of bad debt situation is obviously to improve …

Each year millions of people waste money paying high interest rates on credit card balances. Balance transfer cards offer a low cost way of servicing credit card debt, but they have drawbacks which can make …

When you have bad credit then unless it is due to erroneous information on your credit reports, there is little you can do repair it quickly. Your credit reports are an accurate reflection of the …

Identity theft and credit card fraud are two of the fastest growing crimes.  It is no wonder since enormous amounts can be stolen with little risk of being caught.  The card can be used in shops …

The holidays are the time of year most people go into debt. Between Christmas shopping, and impulse buys that most stores count on it’s not long before most of the country is feeling the pinch …

These days, it’s so easy to get into debt, and so difficult to get out of it. Every mail delivery brings more offers for credit cards, with an enticing introductory 0% interest rate for balance …

How the recent financial crisis has affected me negatively and the steps I am taking to correct the situation are easily listed. The ways it effected me in one word flat broke. My partner and …

Identity theft is becoming more and more prevalent. As more people use credit cards to shop, the chances of having one’s identity stolen increase. Identity theft is a crime in which someone takes your personal …

Personal bankruptcy can affect one’s life in a variety of ways. It can have both negative and positive effects. All of these factors should be anticipated when one is considering this decision. Of course, there …

Privacy or security?  Which is more valuable?  Credit card holders have differing viewpoints. If retailers ask customers to show proof of identity when presented with a credit card for payment, it’s more difficult for a …

A better title for this article might be “How to live without credit card DEBT,” because it is difficult, if not impossible, nowadays to function in our economy without having at least one credit card …

Ouch! Ouch! Ouch! My daughter got caught on one of these “no credit no problem” scams. Bankrupt and newly divorced, she had a car that barely crawled down the road. She needed something that ran …

There is a disturbing trend going on today: consumer debt is growing much faster than many individuals’ personal assets. Historically, home equity lines of credit and/or home equity loans were developed for homeowners to repair, …

My credit card is gone, and I don’t know what I did with it. I ask myself; “Now where did I put that credit card? When was the last time I used it? Did I …

Yes and No. It depends on what you are looking for. The ultimate answer is that they don’t do anything that you couldn’t do for yourself. Task 1) They talk to you about your income …

No-fee credit cards may be the best option for responsible users of credit. Sometimes a no-fee card will have a higher rate interest rate than one with a fee, however, if you are paying off …

After working for months in the credit card industry one of the most common reasons for people having to go through automated telephone systems and speaking to foreign based call centres is because of lost …

Bad Credit? No Credit? We can help. As long as you give us your first born and pay an interest rate somewhere in the area of 32%. This is usually for car ads. And, quite …

Lady Luck is really no lady at all. She is heartless and cruel. Once she has a person in her power she will destroy that person emotionally and financially. Stories abound of people gambling away …

When Bankruptcy Is Not the Right Option Filing for bankruptcy may seem like the answer to someone who is struggling to keep up with debts. Bankruptcy is a serious matter which should never be undertaken …

The holiday season has been over for about a week now. The presents have been exchanged and opened, the tidings and well wishing has come and gone. All that is left now is the memories, …

Good credit is a blessing and a curse. It’s a blessing if you need to borrow money for a student loan, a vehicle (not necessarily a new one), get a good insurance rating on that …

Debit and credit are the same but different. There really is no way of deciding which one is better. It is a matter of personal preference. The biggest question to ask yourself when deciding which …

Have you recently been declined for credit? You’re not alone. While a single rejection for a credit card, mobile phone contract or hire purchase agreement is unlikely to make a severe impact upon your credit …

Do you have bad credit, or the dreaded label of no credit at all? If this sounds like you, it can be tough to get money that you might  need to use in the future, …

With the growth of on-line shopping and ordering goods over the phone, it is more important than ever to ensure the security of your credit and debit cards.  Criminals are very clever at devising innovative …

The amount of profit that credit card companies have made off of credit card late fees has reached record levels in the last few years as more and more individuals find themselves unable to make …

Using your credit card is a lot like using your checking account. Your balance needs to be tracked daily after all of your purchases. You do this by knowing what your starting balance is and …

There are a variety of ways that a person can use to get out of debt and these methods generally depend on where the debt comes from. The situations of individuals who wish to get …

When the holiday flurry is over and the bills start arriving, you may realize that once again, you have spent beyond your means. If you are tired of spending most of your hard-earned money paying …