Managing Credit and Debt Archive

Do you really want to know how a credit card works? So many people know the disadvantages associated with a credit card, but still continue to run up their credit. They spend and accumulate what …

“You may not know this, but over 90 percent of items on your credit report are either inaccurate, unverifiable or simply out dated”, according to the advertising which the ‘My Credit Shot’ credit repair organization …

There can be many contributing factors that cause personal debt.  Some top causes are self-inflicting while others can be avoided. First, being young and inexperienced at all facets of life can cause debt.  One has …

If you ever find yourself with an interest rate on your account that is less than desirable then by all means call up the company you are dealing with and request a lower interest rate. …

Most teens are not ready to have the responsibility of having and using credit cards, nether are millions of adults. Millions of modern day teens have spent their whole lives watching their parents abuse the …

I guess this article will be my admission and my catharsis. I have just recently taken steps to pay off my credit card debt. To say it is in the $50,000 range is generous. Although …

An Overdraft Agreement, also known as Overdraft Protection, is an agreement tied to your checking account which will allow you to draw upon it as needed, such as a line of credit. If your checking …

There are many factors that go into how large your credit limit is, whether it is high or low. For example, if you have a long credit history and are seen as someone trustworthy to …

Lenders never asked borrowers how much they know about debt management. As a matter of fact they penalize you with late fees and increased rates when you fail to comply with the rules. That is …

VantageScore Solutions has made significant progress since launching the Vantage credit score. It has proved particularly effective in making inroads into providing scores for many who were previously excluded from the credit scoring system due …

Every day, every hour, the talk about credit sores is all over the media. It has almost become impossible to live without a credit score these days. The sudden rise of the credit score to …

A responsible credit card holder with enough financial savvy to never carry a balance should ideally find that one credit card is sufficient. Opting for a card with a generous cash back scheme puts the …

The satisfaction and feeling of relief achieved by clearing down credit card debt can be immense, yet many people find it difficult to break the financial habits that caused their debt to accrue in the …

Student loan debt has become a fact of life for graduating college seniors. In 2012, about 2/3 of college students will take out some form of student loans. Among those who do borrow money to …

Many people find it difficult to spend less than they earn.With so much laxity in the spending habit,it is no longer a long time debt would start to crawl into the life of such an …

What good is a credit card when you cannot buy now and pay later? Therein is the difference between a secured credit card and an unsecured credit card. When you use an unsecured card to …

As hard as it is to get that perfect credit score, it can be even harder when you have errors on your credit report.  Unfortunately, errors occur all the time because some creditors and debt …

Prompted by mass complaints of extortionate charges and usurious practices the credit card companies were reluctantly subjected to new credit card reform laws in February of 2010. Changes were enacted to protect the consumers that …

Your credit score has a great impact on your lifestyle. If you have an excellent credit score of almost over 700, you will not have much financial problems even if you have a financial crisis …

How to Ask Your Employer For An Advance On Your Next Paycheck When times are tough and you find yourself living paycheck to paycheck, sometimes you need to borrow money to get by.  Many people …

In today’s economy it’s more important than ever to create and stick to a family budget plan. Creating a family budget plan is easy but it’s important to have the entire family on board with …

Personal debt grows because a credit based society encourages it.  Life is difficult and at times consumers have no choice but to take out that emergency loan to pay off a medical bill or unexpected …

Some credit cards are better than others. I got a 0% interest rate as an introductory offer – but all introductory offers disappear eventually, and then you’re stuck with their standard rate. The first thing …

Debt stress could be a most annoying thing whether at home or in the workplace if it is not confronted in good time.Most people lack the right approach,the professional tool to go about the problem …

Literally thousands of people are in over their heads in credit card debt. Many have several credit cards that are maxed to the limit. There is no money to pay bills, no money to buy …

Foreclosure is bad news for homeowners. It’s the legal process by which a lending organisation cancels the borrower’s right of redemption on the mortgaged property. Typically, a date is set by which the homeowner must …

Many consumers have succumbed to carrying far more credit cards than they need. When it comes time for a review of ones personal finances it makes sense to unload unnecessary cards, particularly if they levy …

Innovis Data Solutions is a less-well-known fourth credit bureau in the United States, owned by Ohio-based CBC Companies. Like its larger rivals, Experian, Equifax, and Transunion, Innovis gathers consumer credit information and reports it to potential …

Getting out of debt, besides being its own reward, offers several benefits: your money now belongs entirely to you, and you are not being charged interest rates. If an emergency occurs, and you suddenly have …

Of course I would say they should be legal, because in fact, I own one. But if you have answered no to this question, I plead with you to try owning a small business and …