Managing Credit and Debt Archive

5 MUST DO THINGS TO IMPROVE YOUR CREDIT SCORE: 1. Obtain copy of your report. Clean up your credit as much as possible. Invariably, there may be erroneous information listed, often times due to human …

Opting for personal bankruptcy as a way out of debt is not a decision to be taken lightly and you should consider how it may affect your life. Whilst it can offer relief from the …

Times of financial crisis may cause a person to consider bankruptcy as means to get there financial burden lifted off his or her shoulders.  Bankruptcy comes in three varieties Chapter 7, Chapter 11 and Chapter …

Having the bad credit albatross around your neck can bring down many aspects of your life, not just your purchasing power. It can keep you from doing everything from dining out on a credit card …

Through no fault of our own during the early nineties we were plunged into financial turmoil, with four children to support and a mortgage to pay . It took time and more than a little …

The pros and cons of credit cards are constantly being weighed by consumers in the financial world today. Consumers enjoy the convenience of everyday shopping with their cards, and they may even receive rewards based …

Store cards have a bad reputation as the unsuspecting shopper can run up huge debts through the inflated interest rates they carry.  However, whilst store cards are not to be recommended to the impulsive spender who doesn’t pay the …

In todays’ “buy now pay later” climate, having bad credit has become increasingly common. In fact, the Institute for Policy Studies estimates that about 1.5 million people in the United States file for bankruptcy each …

You did all the right things. You had a budget and paid all your bills. Then the bank increased the payment required on your credit card balance. Pay-as-you-go won’t work anymore. Now what? You still …

Once you’re in debt it can take many years to get back in control of your finances, which is why it is a good idea to avoid getting into debt in the first place. Debt …

Have you ever lost or had your credit card stolen? It can be a scary experience for anyone. You could be stressed about the fact that someone else might have your card and were using …

When someone you love passes away, it is a difficult and traumatic life event; it can be even more difficult when the deceased carried a high burden of debt. The ultimate question in this case …

Many young adults are excited to spend what appears to be free money(credit cards). It is important for young adults to understand how you use credit cards to their advantage. While credit cards are one …

Credit card identity theft is on the rise, and if you are not careful you could become a victim and lose hundreds or even thousands of pounds. Your identity is your most precious thing, and …

For many people successfully managing their money can be one of the greatest challenges in life. Often times poorly managed finances can lead to disaster which is why it is important to learn how to …

If you have a bad credit rating to your name, then obviously your name is blacklisted. In order to regain credit, you have to take steps to repair your credit scoring. The only way one …

Tips on what to do if your wallet gets lost or stolen. Hopefully your credit cards are never lost or stolen, but chances are at some point in our lifetime, one or the other will …

Now that the holidays are over, reality is nipping at your heels.  The credit card bills arrive, and you are wondering how in the world you are going to manage just the minimum payments.  Then …

First we have to define a credit card. It is a financial agreement between you, the customer, and a finance company that will lend you money to pay for goods or get cash when you …

Credit card use in America has been widely accepted for decades but never really took off in the same way in the UK. There was never the same culture of credit cards being necessary to …

Getting Your FICO ScoreYou are entitled to one free copy of your credit report from each of the three credit reporting agencies annually at http://www.annualcreditreport.com/. Unfortunately, there is no ”free” way to obtain your FICO …

Identity theft is becoming more and more prevalent in our society. As it seems to be such a difficult crime to solve, and you can steal a lot of information from the comfort of your …

On the whole I would always say do not give your credit card number to ANYONE, and I mean anyone. I would be reluctant to give out my number to almost anyone who rang. Even …

When your output exceeds your input, your downfall becomes your upkeep. My mother tried to tell me this, but I wouldn’t listen. At that time in my life, I didn’t realize that keeping up with …

According to United States Treasury Department figures, business bankruptcies for the last quarter of 2009 reached heights not seen since the Great Depression. Most companies filing for bankruptcy protection employ less than fifty people. The …

You’re smart, you have a good job or own a small business, and are taking steps for your financial future. However, if you’re like most people, you might not know exactly what makes up your …

Yes, it’s really possible to pay off your credit card debt using a free government-approved grant – but you have to do it very carefully! The Federal Government obviously isn’t issuing straight “credit card debt …

It seems that after the holidays, many people take one look at the bills they racked up and want to faint. Between the costs of holiday gifts, travel, and even eating out more due to …

When one cannot keep up with their medical bills, then they may decide to file for medical bankruptcy. It will proceed just as any bankruptcy would as there is no specific designation because of the …

In the United States, convenience is prized above all else. Credit cards offer that convenience, but at a price you may not be willing to pay. Credit cards should be used for purchases that you …