Managing Credit and Debt Archive

Common Credit Card Traps to Avoid

Credit card is a convenient system of payment.  The credit card holder can use the card to buy goods or services and pay the credit card company later.  Credit cards have become very popular, with …

How to Fix Mistakes on your Credit Report

In 2004, U.S. PIRG, a consumer-advocacy group, conducted a study concerning the accuracy of information contained in credit reports.  What they discovered was shocking.  The group concluded 25% of the credit reports contained errors serious enough to lead to …

Tenant Credit Check Tenant Check

Why landlords run credit checks on potential tenants A popular adage says “those who do not remember the past are doomed to repeat it.” A landlord that does not check a potential tenant’s credit report …

Refinance Credit Card Debt

To refinance credit card debt means to take out a new loan usually with favorable terms to cover your credit card debts. This is one way on how to get rid of those credit card …

Benefits of Rewards Debit Cards

Most banks such as Citibank, Chase, and Wells Fargo give new checking account customers the opportunity to use a debit card that could, well, “give something back.”  That “something” may be points or even …

Simple Steps to Improve your Credit

Improving your credit score can be easy. A good credit score is above 700. Having a good credit score is important for several reasons: lower interest rates, getting a loan, and lower insurance premiums. Pull …

Improving your Credit

These days, having a good credit rating is essential.  You need credit to make major purchases like a home or car, to qualify for utilities, and to even get a job.  The better your credit …

How to Profit from the right Credit Card

The optimum way to astutely use credit cards is to view them as a convenient tool to bolster your credit rating, whilst offering an interest free grace period. This allows your money to be working for you elsewhere …

Factors that Affect your Credit Score

When considering your credit score the majority of creditors look at your Fico score issued by the Fair Isaacs corporation. Once secrecy surrounded their scoring algorithm but now there is transparency in how the score …

How to Fix your Credit Score

Lets face it, these days having a good credit score is essential in order to obtain even decent interest rates on credit. The days of instant pre-approval, no credit checks, and bad/ no credit accepted …

Why Bangladeshs Grameen Bank is under Threat

The Grameen Bank is a micro-credit lending institution located in Bangladesh, and the only business corporation in the world to have won a Nobel Prize for its work. However, two recent documentaries about the bank …

How to Improve Credit Score

Credit score is a numerical expression of an individual’s credit worthiness.  FICO score is the most widely used credit score model in the United States of America.  Credit score is a three digit number ranging …

Correcting Todays Familiy Finances

In the reality of today’s economic climate, getting along without a budget is sure to lead to insolvency. No one can afford the luxury of spending without thought as to where money goes. Those morning …

How to best use a Store Credit Card

Most stores that offer credit cards do so with an extremely high interest rate. When applying for a credit card take a look at the terms before you make the decision. If you cannot afford …

Tips for Avoiding Credit Card Fraud

Credit card fraud is a leading form of identity theft with the Internet Crime Complaint Center reporting that, “people lost $559.7 million to online fraud in 2009.” The media is packed with reports of people …

Hidden Costs of Credit Cards

Credit cards are a great tool which enable consumers to spread the cost of large purchases. Problems arise, however, when consumers begin to think of the credit available on their card as ‘free money’. Credit …

What to do if you can’t get Credit

In today’s economy, it has become increasingly hard to get credit. If you have a low credit score, it will be really hard to get credit, and you might be faced with a situation where …

Should Teens have Credit Cards – No

A teenager with a credit card! Let’s consider this for just a moment. On the plus side there is the fact that they won’t be asking for money practically every day leaving us parents with …

Tips for Improving your Credit Score

When you start digging your way out of debt, you also want to concentrate on improving your credit score. Having a good credit score helps you in many ways: lower interest rates, the ability to …