Managing Credit and Debt Archive

Credit is one of the most important things to keep good.  Without credit, you can’t purchase vehicles, homes, or even credit cards or cell phones.  Some utility companies won’t even look at you unless you …

Before attempting to rid yourself of debt and start saving money, ask yourself this question: How did I get into debt in the first place? There are some very common reasons most people get into …

Debt collections letters can be intimidating or just downright confusing. Most people panic when they receive a letter from a creditor. While this is a perfectly natural and understandable reaction, it is always the least …

Debit and Credit cards are both plastic cards that are used to pay for items instead of using cash or checks. There are two kinds of debit cards. Those which are linked to a customer’s …

“With your trade-in, you can drive this car off the lot for $369 a month.” At no time in the conversation was there a mention of final price, or how much I would get for …

One of the most important decisions a parent can make when raising their child is teaching them finances. Avoiding debt and building wealth is a good way to secure a child’s financial future. Teaching children …

In order to erase credit card debt for good, there are certain things that you must do. Any credit card debt you may already owe, then these must be dealt with as soon as possible.  By clearing …

Debts are something that you should avoid if you intend to build a solid financial foundation, and for you to avoid from falling deep into financial traps. Many people misunderstand the concept of debt. Some …

No one likes to call the credit card company. You can always think of 101 other things you’d rather be doing on a Wednesday afternoon. Listening to that annoying voice system asking you to “Press …

Your credit says a lot about you, and it may not be very peachy. What is yours saying about you? Credit is cyclical animal. If you make on-time payments and keep track of your bills, …

In this day and age, it is crucial to maintain a decent credit score, especially when wanting to purchase a home or car. If your credit score is 700 or above, there isn’t anyone who …

After having declared yourself bankrupt, where does one go from then on in?  How does one even begin to start all over again?  It is indeed correct that bankruptcy can not only wipe out all …

Almost everyone at one time has felt the undeniable stress resulting from credit problems, but simply ignoring the problem before it gets out of control is not going to fix the irreparable damage caused by …

Credit card theft is the most common form of credit card fraud. However, this does not mean a credit card thief can only “steal” your credit card physically. Credit card theft means having your credit …

In order to teach children about money, one needs to have a healthy relationship with money. The child will follow the path the parent blazes be it healthy or otherwise. Honesty is everything. Money seems …

The credit card trap is one of the easiest financial traps for anyone to fall in to in modern day society. The relevant ease with which credit cards are available, the wide variety of places …

When life catches up on us and we discover that we are up to our necks in debt, it suddenly dawns on us that we must have done something wrong and start wringing our hands …

Debt can be an incredibly frustrating and seemingly debilitating aspect of life at times. Just when you think you are about to get your head above the water, it seems that something else happens requiring …

Six Ways to Repair Your Credit In a time where foreclosure rates are steadily rising, gas prices are higher than ever, and COLA payments have yet to rise to meet the actual cost of living, …

Growing up, my parents stressed the point of starting off with good credit and maintaining a good credit score as this can be a means to purchase those things you can not readily afford. Being …

If you are a military couple and are facing a deployment, there are many things that you can, and should, do to prepare for your time apart. One of these things is to sit down …

There are many tips the person can use to avoid credit card debt. Doing so in the current economy is extremely important. This is because the average person does not have enough money to handle …

In late 2007, the world started to experience one of the worst financial collapses in the modern history. Even after 4 years, the economies have still not recovered completely and the remnants of the financial …

Back in the day, when someone wanted to buy something, they saved up for it. It just wasn’t done to go into debt – that was seen as the height of irresponsibility. Modern ideas about …

No money down! No monthly payment! No interest for 36 months! This certainly sounds too good to be true to most people, and in most cases it is. Zero-interest financing plans originally started with new …

It would appear that everywhere you look from newspapers to magazines to the cable news programming on television, credit reports and credit ratings are one of the most written about and discussed news items today. …

Michelle and Greg saw themselves as poster children for credit companies. As far as they were concerned, they had the perfect credit record and were constantly pursued by the credit card companies and banks who …

Should you take out an equity loan to pay off credit cards? Should you venture into deep financial debt with a home equity loan to remove credit card debt is a question on which only …

Choosing the best prepaid debit card can feel very daunting. There are many options available and not all of them are created equal. For instance, many prepaid debit cards contain confusing and surprising fees. The …

When being late in payments, you are likely to get a call from a collection agent asking you to pay off your debt as soon as possible. Collection agents are trained to be extremely persistent, …