Managing Credit and Debt Archive

What good is having money if you do not have a plan for it? Goal setting is crucial to long-term financial success; however, getting to goals takes some true grit and realism. Before you set …

Sometimes people can become seriously in debt from seemingly out of nowhere. They think their finances are fine, while they keep buying on credit and whipping out their credit cards. Then one day they realize …

Credit card debt has burgeoned in recent years, through a combination of irresponsible lending by financial institutions, the wider acceptability in society of maintaining high levels of unsecured debt and the economic downturn and virtual …

Credit Union credit cards are better than bank credit cards in the sense they have lower average interest rates and may be issued more responsibly. Since credit unions are non-profit organizations, the modus operandi is …

In the current economic climate, many people are moving away from using credit cards. There are however some times when you need to have a credit card in order to secure a reservation. Many hotels …

One excuse many people give for being in debt is that they have never been good with money. Personal finance has a lot more to do with discipline than how much money you have. There …

Folks shopping for a loan are in luck! Interest rates will never be lower than right now, but they are told to act now. That is because the Federal Reserve continues to waver on whether …

The phrase, “short sale” has quickly become a media darling and popular foreclosure avoidance tactic. In a nutshell, a short sale is a settlement agreement between a bank and a borrower to sell a home …

The security of credit card transactions is subject to stricter legal safety requirements and higher liability protection than debit cards. However, the security policies implemented by card networks and issuers differs leading to variance in …

Have you ever struggled to just keep your head above water? If you are anything like most Americans, the answer is probably yes. I’ve been there and now know the freedom that comes with being …

In the United States, very few types of debt are tax deductible. Currently, only mortgages, student loans, and some types of business debts can be used as a tax deduction. In fact, only the interest …

When it comes to your finances, there is no doubt you already know that finding the best deals will save you money. However, did you know that finding the best deal on a credit card …

Saving money can be a difficult and time consuming goal to achieve especially when you are trying to save larger sums of money. If you live in a big city then the harder it is. …

Having and maintaining a good credit score is a key part of handling your finances and will determine if you are accepted for credit, loan and mortgage applications. In the UK there are three main …

In a world where the internet is instantly available on your phone and your credit card is as seemingly an indispensable a financial tool as any other, more than ever are consumers confronted with the …

The real estate climate in today’s economy is one of the most difficult times to sell a home. It was recently estimated by the Wall Street Journal that one in four Americans is currently underwater …

The phone is ringing and the last thing you want to do is find a debt collector calling on the other end, trying to collect on a debt you can’t pay. The harassing phone calls …

Pay day loans may once have been the preserve of those with no other means of borrowing necessary funds to get by, but these days more people are turning to them. Those who once had …

Is your credit rating not where you want it to be? If this sounds like you, there are ways in which you can raise your credit rating to where you want it to be. It …

Over the years, credit cards have become a great convenience and, for some, a necessity. There are many beneficial reasons to use credit cards. When you want to make a purchase all you need to …

Credit cards: Whether you love them or hate them, credit cards are here to stay. Credit cards have become commonplace staples in the average person’s wallet, with some holding no less than 10 of these …

There are certain benefits that students can accrue from judicious use of credit cards, but the record of student use of credit cards tends to tip the balance against them. The majority of students lack …

During those tough economic times, everyone tries to make ends meet on a tight budget. Even those who haven’t lost their jobs or haven’t been asked to take  a pay cut have reached the painful …

The Fair Isaacs organisation which determines FICO credit scores assesses that one quarter of the US adult population lack any kind of traditional credit data. This makes them unable to obtain credit as they have …

Increased debt burden often has the capacity to magnify financial stain on household budgets. Tackling that increased debt before it gets out of control is assisted by recognizing the warning signs you are headed into …

How to reduce your debt fast seems almost impossible, right?  Not being able to control our finances, not being able to pay our bills anymore will, without a doubt, take toll on our health and …

No! No!  Kids should not have credit cards.   You are teaching your children at an early age that if you don’t have cash to pay for something, charge it.   Adults today are in financial situations …

The credit card industry proved incapable of regulating itself and complaints about unfair practices soared as high as charges and interest rates. Credit card providers are obviously in business to make a profit but some …

Credit cards can be a wonderful convenience, an extremely secure method of paying for goods and services, and even a way of obtaining cash-back or other benefits. It is unfortunate however, that credit card usage …

A poor credit rating can cause you issues in a wide variety of ways including: failure to get a job, inability to buy a home, inability to finance a vehicle, inability to receive any loan, …