Managing Credit and Debt Archive

Finding out why your credit score is low is easy. However, fixing it may not be so easy. Sometimes it can take months, even years, to repair your credit. Either way, once you realize you …

Secured credit cards are one way for people with bad credit histories to rebuild their credit score and learn how to manage credit better than they did the first time around. They have a built …

Credit Reporting is the most unfair system in existence and here are the reasons: It is a stereotyping system which denies a person any reason for going through a hard time such as catastrophic illness …

A great credit score is above 700, to improve your credit score there are steps to take. This is important when it is time to make a large purchase. The better your credit score, the …

Debt and stress are two common words in this day and age, and everyone is offering ideas on how to eliminate both. Unfortunately, there is no easy “fix”, and no quick way out. 1. Change …

Good credit is important in a variety of ways. Creditors use your credit report to make their decisions on whether to extend credit to you and the interest rates you will qualify for. Insurance companies, …

In many countries debit cards are the preferred method of payment alongside cash, but it is only in the last few years that debit card use has overtaken credit card use in North America. Consumers …

Most people will experience being in debt at some point in their lives whether from making an investment such as acquiring a mortgage or from an accumulation of credit used for day to day expenses. …

There are a great many people who will have very little idea of how credit cards work. They may frequently use a credit card or credit cards and know that they are presented with a …

Repairing credit may seem difficult at first but following a few simple steps can help. Know your credit score: How do you find out what your credit score is? The 3 main companies holding credit …

Debt consolidation helps you to find relief from your outstanding loans and credit card debts. Knowing how to best go about debt consolidation is done with a bit of research, and some self-advocacy on your …

Everyone knows about credit card fraud and the dangers of somebody emptying our bank accounts without your knowledge. There’s no need to be alarmed if you take simple precautions. If you were to become a …

Almost everyone has been the subject of a credit report review at some point in their lives. Many employers will perform credit report reviews before hiring a person to work for them and creditors review …

Becoming debt free may not be the easiest thing you’ve ever done. In fact, depending on the amount of debt you have, it could be a long road of self sacrifice. But if you follow …

Every parent wants their child to be financially responsible. This means that when they are older they will not squander their money on useless items and they will appreciate that they have to work for …

First, let’s start by quickly summarising the difference between a debit card and a credit card. DEBIT CARDSA debit card is linked to your current/check account. When you purchase items with it (either in a …

If you ever want to be financially independent, or out of debt, you need to make sure that you are setting realistic financial goals. having unrealistic expectations as to how much money you have, or …

There is no magic potion that will eliminate credit card debt, only discipline, and organization will do the trick. Several methods may be utilized to ease the pain, but the experience of credit card debt …

The advent of prepaid credit and debit cards has heralded card charges which stretch the imagination, with purchasers paying in some instances over $200 in fees each year. Despite the fees they represent the biggest …

The global recession has hit most of us. People are striving hard to consolidate their debt in the present financial situation. They want to convert all their loans into one so that they can manage …

The first step Before attempting the magnanimous task of trying to free yourself from debt you need to consider the underlying reasons that you are in debt to begin with. If you do not take …

With the credit card reform just around the corner, you might think you’re safe from some of the most unappreciated practices common to most credit card companies – like interest rate hikes on new purchases …

A lot of people live paycheck to paycheck, but this can be difficult if you are in debt. How do you pay it off if you are in this situation? You may be able to …

A new player in the market of bad credit cards is the Household Bank, part of HSBC. MasterCards issued by the Household Bank are designed for applicants with bad, poor and fair credit, offering interest …

Paying off debt is a popular financial goal because so many find themselves swamped by loans of all different types. Most young adults have a combination of student loans from college, credit card balances outstanding, …

Over the last several years many changes have been initiated which have meant that consumers have more information about how their credit scores are compiled. The once secret algorithm is now common information published by …

Many banks have transitioned their customers from traditional bank-branded debit cards to new Vista and MasterCard check-cards which allow you to use them just as if they were a credit card, but instead of putting …

Nearly all credit card debt is an example of “bad debt.” Bad debt is mostly unsecured debt that includes among it personal loans and credit card balances. But not all debt is bad debt. Quite …

It’s easy to think that one could wipe out all of his debt by gambling just one more time. After all, people win every day, right? Casinos are set up to encourage you to hear …

Most people only ever have to deal with debt collectors if they fall behind on their credit card payments. Granted, there are other instances where debt collectors get involved, but the majority of cases are …