Managing Credit and Debt Archive

There is no doubt that stores do a hard sell with their own credit cards. They encourage their employees that often have little understanding of the product, to foist them off on shoppers. The tempting …

Errors are depressingly common on credit reports.  Credit bureaus often are working with ambiguous or incomplete information, and the best they can do is compile reports that are approximations of the truth.  There may be …

Becoming debt free is a dream that many people have but do not know how to earn the extra money to pay off their debt.  Writing online articles can be a great source of extra …

The Fair Credit Reporting Act, passed in 1970 and amended multiple times since, provides certain rights to credit consumers.  One of these is the right to obtain a copy of your credit report from any …

Credit cards can be a good thing, but are they really attractive? To analyze this, we need to look at the pros and cons of credit cards: PROS: -GOOD EMERGENCY FUNDSMany people live paycheck to …

Being a small business owner and truck driver, the financial crisis has negatively affected the trucking community in almost every way imaginable. The trucks I operate pull flatbed trailers, which haul everything from housing materials …

We are in the throws of an economic disaster. We are making history. Our children and grandchildren will read about the economic crisis of the thirtieth century in their history books. America has entered into …

What are some good reasons to carry a debit card? There are many advantages to carrying a debit card as opposed to a credit card or check book. If you make a lot of transactions …

Reasons why debt consolidation does not usually work. I’ll be clear to start out. Debt consolidation does not work well for the majority of people and their debt. Debt consolidation as it applies to this …

Credit cards offer convenience. It is because of that, that  they are preferred by many people and are used on so many occasions. Unless you learn how to use credit cards properly though, in all …

Getting into debt is all too easy these days, with all the literally thousands of credit cards, store cards and loans available. Of course the more debt you get into, the harder it becomes to …

Tips for managing your personal finances will come in many shapes and forms but the best tip of all for managing your personal finances is to keep an iron grip of control on them at …

At one time my husband and I were going out to the movies every weekend, literally each Saturday would arrive with the both us grunting about what to do, then: “Oh, maybe we can just …

A credit report is a great tool to monitor credit and figure out where an interest rate should be.  Sometimes, a credit report can have debt listed that is inaccurate, which obviously will hinder a …

Most people can always use a little extra cash. Unfortunately, unless you’re the heir to a fortune, set to receive a large inheritance or be offered a promotion, the chances of increasing your income can be …

It is more important that ever today to know how your credit score stands. If you have bad credit you cannot purchase a home, car or borrow on credit. With the economy as it is …

Down at the corner store they had a small pad with a handwritten list on it; these were the people they could trust; the people who could not pay today, but would tomorrow. The merchants …

Debt settlement is an effective strategy in ending creditor harassment in a scenario when you simply cannot afford to pay the balance of a debt, but that doesn’t mean it comes without negative consequences to …

More and more individuals are facing financial hardships today. Financial freedom isn’t going to magically appear. But with a “take action attitude” and a few tips on where to start, you can avoid extreme debt. …

With the economy in turmoil, many people have been made redundant leaving them penniless. As a result more and more people are borrowing money to put food on the table and pay essential bills.  People …

You know, advice is sometimes like a dose of medicine. When you first hear you have to take it, it brings on very unpleasant thoughts. But usually it Will bring good results in the long …

Mountains of unsecured and growing debt can bring tons of anxiety and many sleepless nights. These days, those in the debt relief business are sending out offers to help by the gross to any name …

It is advisable for anyone planning a major financial transaction such as a mortgage application, to obtain a copy of their credit reports prior to proceeding. It also pays to check the reports before applying …

Late payment of bills can have long term financial consequences, in addition to perhaps incurring a late payment penalty. Whilst utility bills and rent payments do nothing to build your credit score, late payments will …

In these troubled economic times it seems reasonable that those lucky enough to have a job might suffer a certain amount of job insecurity. That is to say, with the possibility of lay-offs and downsizing …

We live in a world where credit is a definition of who we are. Our credit is examined when we rent an apartment, when we want to hook up cable or Internet, when we want …

I use a credit card for EVERYTHING. However, it is usually my checking account card, so it comes straight out of my bank account. I have heard people say that you should always use cash …

Managing credit cards can be like playing with fire. Even in this economy, it’s far too easy to get credit cards. For years, the credit card companies have issued cards willy-nilly, practically giving one to …

During tough economic times, learning to manage your finances responsibly can save you from big trouble. While it cannot happen overnight, especially if you are used to a specific lifestyle, practice makes perfect, so giving …

A debt consolidation loan sounds like the ideal solution when you have bad credit. However, things are not always straightforward when it comes to getting a consolidation loan as it often involves a third party …