Managing Credit and Debt Archive

Would you lend money to a stranger? Banks and other creditors don’t like the idea of doing that either, that’s why they take the time to go through your credit report when you apply for …

As a former Personal Banker and Investment Advisor, I know a little bit of the inside story behind credit scores.  The cryptic numbers may mean little to most people, but with a little insight, you …

In a report by Lea Winerman, individuals in general are discussed as being prone to what Winerman refers to as ‘optimism bias’. This optimism bias is a state in which things that might not be …

You have a secret weapon that you can use as a part of your credit card debt elimination arsenal. Use it to your advantage to finally get rid of your financial burdens. Ladies and gentlemen, …

If you are one of the lucky ones, your parents may be footing the college bill for you. If so, mom and pop may even give you a credit card “for emergencies.” If you are …

Many people do not understand how important debt elimination can be to your future happiness. Debt elimination has the ability to affect many different areas of your life and create better opportunities in the future …

Managing your personal finances is not an easy thing to do, especially when you have no previous experience, or if your previous experience was not a good one. In actuality, managing your personal finances is …

To answer the issue at hand, yes, credit card companies rely on the ignorance of youth. But there is another side to it. If you are wise, and spend wisely, and pay back your bills, …

A collaterized debt obligation (CDO) is a structured finance construction that became known for its lack of transparency and its negative role in the financial crisis. Indeed, it is rather complex to understand how a …

Repeat after me: I will never give my credit card number to anyone who calls me on the phone, even if they say they are from an organization I recognize. Certainly, if YOU place the …

Your new credit card finally arrives in the mail. As always, there is always a big sticker on there that says STOP – before use you must call this number to verify receipt of the …

During a recession, many of us look for substitutes for luxuries that we have become accustomed to during wealthier times.  As the term ‘disposable income’ becomes no more than a distant memory, we’d all like …

Here in Singapore, there’s a certain income level to attain in order to be eligible for a Credit Card. Thus, someone paying with plastic, as they say, is often regarded highly, equating to someone of …

Getting a credit card and using it responsibly is a good way to start building your credit history. However, it’s a Catch-22 situation where getting a credit card with no credit history is hard but …

Long before we officially reached the recession, many of us already had problems stemming from the deadly combination of too much personal debt and too little income to bring the problem under control. Easy credit …

Just filled out a credit card application form? Surprise, the only thing most credit card granters consider is a computer generated credit score based on the information in your current credit report. Why? Because it …

Harvey Nichols is one of the places to shop in the U.K. whether in the flagship London store or in the newer regional stores which have more recently opened. In 1996 the launch of Harvey …

Are you trying to get yourself out of credit card debt? Well, the best way to avoid credit card debt is to not get yourself into credit card debt to begin with! By not getting …

WHERE DID ALL THE MONEY GO? I suppose there are people out there that have not had to change their lifestyle due to the economy. I’ll have to leave it at suppose, because I sure …

Credit reports can be a seriously tricky thing if you don’t know much about them and how they work. They can either be good or bad depending on rating. Credit scores can now determine whether …

During these times getting out of debt is a litttle bit easier than you think. During the recession creditors are willing to work with consumers. Now is the time to advantage of lowering monthly payments …

A few years ago, my husband started listening to talk radio. Every afternoon, he listened to some talk show host named Dave Ramsey give financial advice. I’ve never been one for self-help books, or taking …

Credit card companies make their money from three sources. First, they charge a fee to the merchant every time a purchase is made. This fee is usually a percentage of the total amount charged, usually …

If you are in debt and owe money, you are probably having a few problems with Debt Collectors calling you. Now Debt Collectors love to call at all hours, first thing in the morning, last …

With the economy of the Unites States in a bit of a recession, many Americans have found themselves in a position where their income isn’t enough to cover their monthly bills and obligations. When this …

Debt collection is a multi million dollar business. They utilize call centers that may work for many different companies and often the debt collector calling you has minimal information about you or the company, they …

Debt collectors calling to say you must pay a debt that you owe is a call that many people have experienced in the last few years. Most of the people that work for debt collection …

What happens when you find exactly what you have been looking for over the last six months, but at a time when you are short of cash.  For most of us, that means flashing the …

Are you miserable as a result of having a rough time financially? You can improve your lot with some effort. You will learn tips for solving your financial problems. Have you been out of work …

Debit vs. credit While they may look alike and can be used for the same purpose, the main difference between a debit and a credit card is whose money you’re using. The question of debit …