Managing Credit and Debt Archive

Is easy credit leading to the downfall of our society? Credit seems to be quickly replacing cash as the popular way to pay for things in today’s society. It’s almost frightening to see how easily …

Having to file bankruptcy is one of the hardest financial decisions that you may ever make and some people feel it marks them as a financial failure. You are not alone in after a huge …

Paying off debt is, and always has been a lot more complex than balances. Priority debts should be paid first, which are mainly the debts that could land you homeless or in prison; things like …

Very few things can match the horror of being a victim of identity theft. When some stranger, posing as you, acquires credit cards, loans or other financial things in your name, running up large balances …

Considering the remaining ease of the alternative, why would you need good reasons to use online bill pay to pay your credit card bill? Modern-day life can be an exciting, fast-paced, mind-numbing experience highlighted by …

If you have found yourself recently unemployed you may be wondering will being unemployed affect my credit score? Unfortunately this isn’t a question that can be answered with a straight yes or no answer but the …

It’s been said that capitalism is a beast that feeds upon itself. Several articles posted on this site describe just such grisly doings. On one hand, creditors want to be paid off, but on the …

Every day you dread the trip to the mailbox as the number of bills continues to grow. In particular, your high interest credit cards increase your household debt by the hour. Consider looking at combining …

When you comparison shop online for credit card offers it pays to know two main things: what your credit score is and how you intend to use a credit card to find one suitable for …

A business credit card can be very convenient. The following are good reasons to use such a card. You do not have to shell out your own money and get reimbursed Without a business credit …

A prepaid credit card is a payment card that you preload with your own money. You can then use the payment card in the same way as you would a regular credit card. The prepaid …

It seems more people are struggling today to make ends meet. For the past decade or so, many people were living beyond their means. Many were living a luxurious life style. With the way the …

What is the best way to handle debt? Debt is what happens when you owe somebody money. There is good debt, and there is also bad debt. How you determine what is good debt and …

Money issues are at the forefront of many arguments and failed relationships. Handling the finances as a couple can be fraught with peril, unless you sit down together and have an open and frank discussion …

A credit report error is an informational and/or quantified inaccuracy on a credit report which is a financial disclosure document containing information regarding creditors, credit inquiries, and credit history. Errors in credit reports can affect …

In my opinion debt management companies don’t always work, although I am basing this on my own personal experience. At the beginning of last year I found myself in quite a bit of debt, totalling …

The downfall of society has probably already begun – credit is just one of the factors riding along the snowball. Credit seems strange to me – I understand its purpose and the justification for “running …

Since the beginning of our recession in the United States in 2008, the use of credit cards and the way consumers spend has changed to adapt to our new temporary means of living. While credit …

The current mortgage lending crisis will create an entire new generation of individuals with credit problems…. unlike this country has ever seen… So if you or someone you know has or will become one of …

An essential part of everyday life and responsibilities is personal financial planning.  This may involve both budgeting and saving.  To budget and save successfully, it is likely that you will need to set yourself financial …

Your credit score is the single most important record of information that exists about your financial situation. All lenders will check your credit score when you apply for a loan or a credit card. If …

There are many reasons people use debit cards, convenience being a major reason. For some people, it makes them feel important to have a plastic card that they can wave around and “charge” to their …

The answer to the above question, to a very large extent, depends on how and when credit is being used. For instance, if we take into consideration the negative effects of credit card usage (which …

We all hope to pass on something to our loved ones when we leave this world, but debt isn’t usually what we have in mind. When making out a will, it’s a question many of …

In case you are facing huge credit card debt, one of the best options is to look for zero percent balance transfers. But there are some rules you need to play by or you might …

Big Lots is one of the nation’s largest broadline closeout retailers.  Their products are the same brand name products you find at other retail stores, but you get them at substantially lower prices.  Big Lots is …

Do you have a credit card? The probable answer to that question is yes, but do you pay off that balance in full each month? While some people say that you should not pay off …

If your outstanding debt balance is quite high and you cannot pay them back in full, then you can get help from debt settlement. There are several settlement companies which offer debt settlement programs with …

Have you ever walked onto a university campus or into the mall and see the booths? The ones offering a free gift for applying for their credit card? Yes! Those are the ones. I constantly …

Unemployment has very little direct impact on your credit score. However, it could indirectly have a significant effect and cause your score to decrease. During periods of unemployment there is generally a significant reduction in …