Managing Credit and Debt Archive

Every year people spend more on Christmas than any other holiday.  It is a time to show our love and generosity to family and friends by buying gifts.  This often leaves many people with credit …

Using a credit card to purchase goods and services is impractical for consumers in today’s market because of risks to cardholders who own one or more credit cards. Purchases made with a credit card are …

When you lag behind your debt payments, your creditors are in position to notify credit bureaus about your situation causing your credit score to drop. With a settled debt account, your creditor agrees to accepting …

It was once said that it is easier to get into debt than get out of it.  And, it is always much easier to spend money that is not yours . Indeed, sometimes people do …

The nature of credit cards mean they cost all consumers, even those who do not opt to use them. Due to merchant fees applied by the credit card provider, the cost of all consumer goods are …

There are many benefits that suggest if you can, you should increase your credit limit. But how do you do it? Here are some tips that will help: – Call the credit card company – You will …

Your credit score rating is an important one to potential creditors as they can give a good assessment of how likely you are to be responsible with your money. A lender will determine whether to …

When someone is asked to endorse a product it has rather different connotations to endorsing a loan or a credit card. It would be so much simpler when the bank asks for endorsement before you …

If you have credit cards you are no longer going to use, then it is important to consider the difference between closing an account and cutting up the cards. There are benefits to cutting up …

If you are having problems with paying the bills, eBay can be a good way of making some extra cash. There are three way to use eBay. One, eBay is a good resource of goods at lower …

Many people have debt they need to pay. Whether they have a good or bad credit history, thousands of dollars are still owed. It makes a lot of sense if people avoid using credit cards without intending to pay …

Debt collection agencies are often relentless in pursuit of consumers. Collectors will call consumers at home, at work, on cell phones and send numerous letters filled with strong language regarding the disposition of the debt. …

Credit cards offer the lure of buy now pay later, and flourished as some kind of status symbol. There is no longer any shame in living on borrowed money which credit represents, whilst at one time …

Debit cards are a good thing in some ways. They come in handy when shopping online and it can be easier than carrying cash. There is a downside to using a debit card, especially in the …

For many, credit cards have become an indispensable part of life; a necessary, vital part of the big financial picture. For some of those people, credit cards have become the bearer of a burden of …

With nearly 90 percent of transactions taking place electronically these days, it is more important than ever to protect your identity. For many people, protecting their identity should involve never giving away personal information such …

Everywhere you turn today, there are companies who use advertising to tell you about the newest and greatest car, boat, television, computer and clothes. Credit card companies have slick advertisements showing happy people remodeling their …

Debt consolidation does work, but only as a short-term tactic to enable you to move towards a debt free financial position. The idea behind debt consolidation is that where you have debt in more than …

If you are a student you might be vulnerable to racking up some pretty big debts. Students tend not to be experienced with money, nor have they really had to be on their own much. …

A brief description and/or the scenario of having a bad credit is already an indication that making a personal loan is one of the worst decisions you’ll ever make in your financial life. Not only …

Credit cards issued by American Express are polled as the nation’s favorites due to the excellent benefits they offer to card holders. The American Express Blue card is no exception, offering a range of insurance …

Closing credit cards down can seem like a good idea when trying to keep finances in order. Old cards which are no longer used but still bring unwanted blumph mail can be a nuisance. Those …

The ease of student credit cards has led many a student into debt they were woefully unprepared to deal with. Over recent years this has been facilitated by the lure of credit cards promoted on …

Debt recovery services are collecting agencies assigned by your creditors to pursue and collect unpaid money from you. They are people who use all their means and resources just to get you pay your debts. …

Knowing how long to keep household records and receipts avoids problems such as inaccurate tax filings, inability to reconcile checkbooks or cash-flow, and inefficient financial management. Some documents are needed for a lifetime, others expire …

Bad credit can affect your life in many ways, such as: paying higher interest rate, failure to get a job, paying higher premiums on insurance, failure to get a loan or financing and massive damage …

Do you know how much money you actually have?  Can you name the amount of your fixed expenses each month?  If you are feeling extremely stressed about debt, there is a good chance that you …

It’s the new year and that means the holiday season is over and now it’s likely that millions are stuck with a tremendous amount of debt on their credit cards. After splurging on gifts, going …

There are many great ways to reduce your credit card debt. It is amazing the millions of dollars people borrow on their credit cards, only to pay even more as interest on that debt. However, …

The credit card has become an essential item in today’s world. Garbage you say? Pay cash for everything and you won’t get into trouble. Well that thinking is obsolete. How do you expect to pay …