Managing Credit and Debt Archive

Prior to filing for Individual Bankruptcy make sure to take a look at the Credit Guidance and Consumer Education Produced in cooperation with the Department of Justice’s U.S. Trustee Program The Personal bankruptcy Abuse Prevention …

Let’s imagine for a moment that last month you had a financial emergency when your car broke down and needed a repair that cost $1500. This wiped out your entire savings account and your entire …

Those Tempting Credit Card Offers:Lures to Unfair Gouging? During a March 2007 U.S. Senate Investigations Hearing on unfair credit card practices, senators lambasted the officers of several major credit card issuers for their “unfair gouging” …

Few people are the ones who manage their finances properly on a regular basis. Most people  have experienced difficulties at least one time in their lives. For others, financial problems are always there and bad …

Imagine how you’ll feel when you are free of your debts. Picture yourself writing the check that pays off the last of your debts. Feel the emotions of that action. Believe the picture. You have …

I was a debt collector for two years. When I lost my job, I became the debtor on the other end of the phone. What can a debtor do to best deal with a debt …

Managing your personal finances is a challenging, never ending task that requires a firm understanding of certain things that you need to pay attention to. Once that goal is accomplished, you can them move on …

“Free t-shirt!” I remember my freshman year of college walking by a booth with t-shirts, operated by a couple of people roughly my age shouting “free t-shirt” every few minutes. Out of curiosity, I joined …

Taking the time to do some research will pay off greatly in the end. Credit card offers come and go, and some appear much more lucrative than others. Credit card companies prey upon naive dupes …

In the current economy, more people are running into difficulties paying their debts. One result of people being out of work for extended periods of time is that collection efforts have been stepped up by …

Many people across the nation have had to deal with a debt collection company at some point in their lives. The debt collection industry has been reprimanded numerous times in recent years for forceful collection …

Having a good credit history is essential if you plan on borrowing money anytime in the future.  It will also help if you are searching for a home or a job in the financial sector …

One of the key traps that dieters fall into is food shopping when hungry, thus giving into the temptations they know they should resist. Organized shoppers stick to their shopping lists to avoid splurging on …

Credit cards are a quick means of accessing a small amount of credit at the cost of a high interest rate. Although the ease of obtaining credit cards helps individuals establish credit and gives them …

Once the holiday season is over the niggling worries that perhaps you overspent on the festivities can become reality when the credit card bills start to arrive. Unless the holidays were budgeted for in advance …

Medical bankruptcy is the term that describes one filing for bankruptcy due to costs from medical bills. It may include costs from a long hospital stay, medications, doctor’s bills, treatments and more. Patients who feel …

I’m self-employed, so my income depends on me always finding my next paycheck. I train nonprofit boards of directors on how to ask for money, and the first thing that organizations cut are training budgets. …

Knowing how to negotiate successfully with creditors can be a good first step to raising your credit score. Since a good credit score is necessary to help you in today’s economy, it is also a …

For many people, the good feelings experienced during the holidays begin to wane around mid- January when the post holiday bills begin pouring in.  Focus inevitably shifts to developing and implementing effective debt-reduction strategies. Some …

A credit score is a number between 300 and 850 that allows lenders to see how worthy you are of credit. It is a very important number that you should keep as high as possible. …

Sometimes, consumers get into credit card partly due to misconceptions and misunderstandings about what falling into arrears really means. The resolution of credit card debt that results in a “charge off” is a primary example. …

Credit Card Security If you have lost your credit card it can be extremely stressful a theif could potentially spend thousands of dollars, wipe out your credit rating, and steal expensive and valuable goods from …

Most people have, by the time they are in their mid-twenties, accrued some debt of some sort; this is just an inevitable fact of life.  Those with more commonsense and wise ways with money will …

Bad credit can stick with you for several years, but there are still ways to renegotiate your debt so that you can continue functioning while you pay off your loans and cards on time. Here …

Applying for a loan definitely does bring your score down. The reason this happens is because the loan companies open your report and every time someone opens your report, it lowers your score. This can …

If you drop or toss a sales receipt, are you inviting identity theft or credit card fraud? Will you suddenly see unknown charges on your credit card statement? How can you keep your credit safe? …

Many people in the United States wait years and years to have what they called ” credit card ” but in reality what is a credit card ? is it something that will help you …

Debt can be an all-consuming drain on your financial and personal life.  Many people suffer from massive amounts of stress do to a surging debt problem.  However, before you have a panic attack about your …

It’s not just your payment history that can haunt you. Let’s not overlook the problem of unsecured debt. Your history can haunt you for seven years. Your unsecured debt will haunt you as long as …

Do you want to keep your credit score at a healthy level? Of course you do, we all want to keep our credit score at the highest levels that we possibly can. However, keeping that …