Managing Credit and Debt Archive

Many of the financial disasters that people experience today are because of their own actions or inaction on certain financial decisions in their lives. In some cases, this is because of ignorance of basic financial …

Simplifying the usual tiered interest rates which credit cards levy, the Clear credit card issued by the Co-operative Bank offers just one APR for all transactions. Cash advances, purchases and balance transfers each attract one …

Your credit score has gained importance in the last few years even more, and regularly used to determine your credit-worthiness. But if you think that only credit companies and banks do use and check your …

Worrying about meeting your mortgage payments and the possibility of default is a gloomy situation, compounded by the high levels of foreclosures across the country. Proactive steps need to be taken early to avoid default …

Stress is one of the unavoidable symptoms of dealing with debt, you do not even realize that your credit situation has changed, but when you do, it is an almost cathartic feeling, and makes you …

The simple answer to whether or not Obama’s Loan Modification Program can lower your score is yes. In many cases, taking advantage of this government assistant program has actually lowered people’s credit score. The Obama …

Are you in debt? If you are in debt, you should seriously consider some ways to get out of that debt as soon as possible. While not all debt is bad debt, there is rarely …

This is almost like saying should a drunk driver be allowed to drive? Or should a murderer be allowed to own a gun? How much less should someone who is – or has bad credit …

If you already have a good credit rating you may be wondering how to maintain it.  Luckily maintaining a good credit rating is not very difficult to do.  Keep Your Current Accounts Active It may …

Credit rating is an important part of consumer finance. The rating influences the interest rate charged on personal loans, borrowings on credit cards and on mortgage loans. When financial institutions arrange borrowing facilities they consider …

Oh no, you can’t find your credit card. Before calling the last stores you shopped in, before tearing your house and vehicle apart and before dumping your purse or wallet all over the floor take …

One of the obvious downsides to the holiday season is how easy it is to either get into credit card debt or add to the debt that you already have. No other time of year …

Methods of eliminating debt could involve cutting up the credit cards that are owed. That, for me is most vital in accepting that I have a problem with debt. Also any other debt amounts owed on …

Introduction Buying a car is a daunting task. Unless you have the cash, you will need a car loan. I am sure most of us will need that car loan. The car loan which you …

In August 2007, a fellow named Joseph Morse wrote a book entitled “How to Take Advantage of the People who are Taking Advantage of You (Credit Arbitrage).” A strange title indeed. But the book highlights …

Even a small amount owing on a credit card can rapidly balloon into a sizeable debt. As the outstanding balance grows so does the monthly interest charge and the situation can get out of control …

Moody’s Corporation (MCO) is the parent company of the Moody’s Investors Service bond credit rating agency. Like Standard & Poor’s, now owned by McGraw-Hill (MHP), Moody’s controls about two-fifths of the global market. Moody’s is …

Suggesting that it is possible to make a profit by having the right credit card and using it in the right way is likely to draw at best suspicious looks from many people. This is …

Do you own a small business?  Have you gone through struggling with trying to afford offering credit card payments from your customers?  Are you in the field quite a bit, or doing trade shows where …

In 1950 a group of diners met for their regular meal at a restaurant close to where they worked in the Empire State Building, they were tired of always carrying cash around and so together …

In creating a Debt Elimination Plan, you are saying that you now want to face your debts head on. In fact, what you are doing here is making a list of every single penny that …

6 Tips for Informed Debt Consolidation The debt consolidation industry has grown in leaps and bounds over the past couple of decades. If you are in over your head with excessive debt and are considering …

Many people know that having a low credit score may affect their lives in many negative ways but a lot of the people that have a low credit score are unaware that their credit rating …

The American Express Platinum cash back credit card is suited to big spenders seeking a good cash back return. However applicants should read beyond the headline advertised rates as the details are not completely transparent …

A credit rating is an evaluation of someones credit worthiness made by the credit bureaus. It is a snapshot of your credit history all found in one spot, your credit report. Having a good credit …

Those struggling to keep up to date with their bills should always prioritize their debts and concentrate on the most important ones first. Mortgages and rent are the highest priority debts, but the waters can …

There are many reasons why you may be having trouble paying your bills.  Most people have trouble making payments on their debts after their circumstances have changed.  These circumstances may be the dissolution or a …

Credit scores impact so many areas of life that it helps to be armed with the facts regarding how they are compiled, rather than falling prey to much of the erroneous information which is little …

Credit card use is on the increase amongst retired people for two distinct reasons. Some use them for the convenience and to maintain their credit scores. Others are becoming increasingly more reliant on credit to …

There is a whole industry of sub prime lenders ready to extend credit to those with bad credit. Pay day loan lenders have a bad reputation but often represent one of the best deals to …