Managing Credit and Debt Archive

These days Americans are being forced to deal with a number of economic plagues.  Perhaps the foremost is the largest unemployment in the history of our nation.  It is estimated that 14 million Americans currently …

Today, thousands or even millions of people or corporations owe money from another. In America alone, about 46% of their population has suffered the negative and stress-inducing effects of debt. Debt is seen as a …

The Consumer Credit Counselling Service in the UK is a charity which gives free advice to those with debt problems. It is subsidized in part by the main lenders and the bulk of their clients …

Most individuals get challenged on how to manage their debts. It is very important for you to know how to deal with urgent debts. The following are some of the strategies that you can use …

The ease of obtaining a first credit card will be determined by ones credit history. Although credit cards are one of the best ways of establishing credit it may well be that an applicant has …

If you find yourself in the catch 22 situation of being unable to obtain credit because you have never used credit, then secured credit cards are a good way to start to establish a good …

If you are considering making any type of purchase whether it’s a house, a car, or just automobile insurance, your credit score can either help or hurt you. Potential creditors review your score to see …

Many people correctly identify that their credit score is of importance when it comes to applying for loans and credit cards, rentals, employment and insurance. Yet studies show that the majority of people have only a …

More often than not, the government does some really screwy stuff which makes no sense to me and you. Usually I’m very vocal about my opposition to new federal laws and mandates telling us what …

You found the perfect apartment in the perfect part of town and are ready to sign a lease. The only problem is your credit; it’s awful, and it’s killing your chances of renting the perfect …

In the UK there aren’t many options for some people to fight their way out of debt beyond increasing their income. The logical ways of doing this are to find higher paying employment, take a …

Several years ago, credit card arbitrage was all the rage. It’s hardly original – traders have been seeking arbitrage opportunities for many more years than that, and today the big investment banks essentially run on …

Declaring bankruptcy should be the last resort in dealing with a substantial amount of debt. Typically those that file either chapter 11 or chapter 13 bankruptcies already have a low credit score due to delinquent …

With the widespread use of cards instead of currency, credit card theft or fraud is a prevalent crime in today’s society. There are a multitude of ways that a criminal can steal your credit card information and …

Having a mortgage lender foreclose on a property involves more than losing ownership of your home. It precipitates several negative credit consequences, which go far beyond a damaged credit reputation in some cases. While it might …

The U.K. offers a thriving sub prime market in products designed for those with bad credit. A number of products are marketed with the aim of improving bad credit, but on the whole the market …

I stared at the letter in my hand in disbelief. I’d never intended to be dependent on child support payments to make the bills. But over the years I’d let our budget slowly grow, until …

Because of the financial crisis occurring in today’s economy, many families are struggling with the inability to pay their bills. With the mounting debt in the homes of many Americans, there has been an abundance …

When it comes to protecting our personal identity and keeping our credit card information private, it is so reassuring to see that on the sales receipt from the store, there is only a line of …

Are you not being able to obtain loans at favorable terms since you do not have a good credit score? Do you know that you can repair bad credit record all by yourself without any …

Platinum credit cards are considered as the most reputed credit cards and to get a platinum card, one requires proving his or her credentials. They are generally offered to those individuals with good credit ratings …

The signs that an impending debt problem looms are unmistakable. As monthly bills arrive and are placed into separate stacks representing bills to be paid upon receipt, and bills to pay at a later date. …

Debt can be broadly defined as what you currently owe to creditors. Your debt payments may include your mortgage, your credit cards, your car loans or your student loans. These debts will be reported to …

The sub prime lending market took a heavy hit with the restrictions imposed under the Credit Card Act, which limits fees to 25% of available credit limits. The high fees not only meant high profits …

Bankruptcy is the most negative derogatory event for a borrower. For creditors, a bankruptcy filing clearly indicates: the debtor was not creditworthy in the past and did not pay his or her debt obligations. This …

There are many reasons why someone may want to increase their credit limit. They may know that it can help their credit score by lowering their credit utilization rate, or they may just want to …

The credit card market invariably has some very appealing credit cards on offer featuring generous cash backs and long term introductory zero percent interest rates. In an ideal world anyone looking for a credit card …

It is becoming more difficult in everyday life to function without access to credit. Most internet transactions are by credit card, phone orders are usually by credit card and booking a range of goods and …

Whenever a business wants to assess your riskiness as a customer, they look to your credit score. It provides them with a quick tool to determine how responsible you are with your finances. It has …

Debts are serious financial responsibilities that you must immediately settle and pay off. Debts, irregardless of how small or huge they are, can create a life of their own; and if left unsettled, can result …