Managing Credit and Debt Archive

People live in an electronic world where purchases are regularly made with a swipe of plastic through a little machine. It’s easy, convenient and simple. It can also be a recipe for disaster. When you …

Store cards, which often offer rewards, discounts, or points for your patronage, can be beneficial in many ways. However, not all of these cards are free, and not all deliver on the deals that they …

Are you not able to decide whether or not debt consolidation can be the suitable option to pay off your credit card balances? If yes, then you should analyze the advantages and disadvantages carefully so …

Your credit score is a number which is derived from the information held in your credit file; this number tells lenders how likely you are to pay a loan or credit card bill back on …

First of all, we must first understand by what is meant by ‘consumer debt’.  Consumer debt is any debt that has no interest attached to it.  So, for example, debt that would have interest attached …

Are you looking for the best ways to pay down debt? There are several options available and each depends on what the debt is, how much it is for and your ability to pay it …

You hear a lot about credit score, and the importance of them, but sometimes people can only get approved for cards with low credit limit. So, it’s worth asking the question as to whether low limit …

The answer has to be no.  Credit card debt among teenagers is growing, and this is in no small part to a society that seems to offer ‘free money’ to those who can ill afford …

A person’s credit score can be dependent on a lot of different factors, but few people realize that it is used by so many different businesses.  Credit scores can determine everything from if a person …

Creating a family budget plan is not quite as difficult as many would have you believe. It is simply a matter of setting priorities as to what your most important expenses are, and sticking to …

With a variety of credit cards in the market, making a choice can be quite difficult. While everyone has different needs and what works for someone may not work for someone else, there are some …

Frequent travelers can reward themselves with free hotel stays and an array of other benefits, by selecting the American Express Starwood Preferred Guest credit card. Although the card levies an annual fee of $65, waived …

Do you have a bad credit score? if this sounds like you, there are some things that you can do to get your credit score under control and get better credit. Getting a higher credit …

Debt management companies are on the increase. It is a growth industry which is never short of customers who are struggling to get a grip on their debts. Unfortunately many turn to these companies which …

For people who have watched their house price plummet, and their mortgage plunge deep underwater, a foreclosure may not just seem like an economic necessity but even a relief. In many places it is possible …

Debt consolidation offers a borrower an appropriate platform to put all of his or her debts into a single account,such that a worsening debt situation is reversed completely.With only one outstanding loan,the borrower is better …

Debt can be a dangerous thing, and with more and more young people taking credit than ever before, and even a current account yielding features such as an overdraft, it is more important than ever …

Knowing how to find the right credit card for you is absolutely imperative for two reasons. It will allow you to maximise any rewards available on the card and it will allow you to minimise …

Paying your bills on the due date or before, is one way of keeping your credit score from dipping. This is especially so with credit card payments, and higher purchase payments.  By always making sure …

Applying for credit in an environment where lenders are reluctant to be too free with their lending standards requires being smart about your credit history.  If you are getting ready to apply for a loan, …

In the past, before credit cards, people had to save for things that they wanted.  Now credit is readily available for many people. This can be helpful if you use credit responsibly, but if not …

Clearly the easiest way to save on credit card debt is not to have the card in the first place. However, with many stores ceasing to accept personal cheques, and the rise in internet purchasing, …

How would you react if you suddenly find yourself held hostage to your credit card? You could well find it happening sooner than you think, and exemplary card users who have never had a late …

A credit card can be many things. If you’re in a jam, it’s an emergency life-saver. If you’ve forgotten your wallet, it’s extra cash. If you see something you just have to have, it’s the …

The rationale for requiring credit scores in the tenant screening process is that presumably a prospective tenant who does not pay their other bills might not pay the rent either. However, a credit score does …

For those wishing to erase their credit card debt, they must first face up to the amount they owe. It is only by doing this, and not hiding away the credit card bill within dusty …

Federal laws and unauthorized use of your credit card remains a questionable situation to recover costs.  Stronger Consumer Protection laws are needed, with many new laws being added to make banks and credit unions react …

Proper planning is one of the keys to a financially healthy business or household. Knowing your debt-to-income ratio is one of the ways to make proper financial plans. Who need the debt-to-income ratio? Businesses, organizations, …

The Fair Credit Reporting Act, passed in 1970, regulates the collection, dissemination, and use of consumer credit information, and is enforced by the Federal Trade Commission (FTC).  Among its provisions, it entitles consumers to a …

If you have been searching for a loan or other financial product recently and have been unsuccessful, it is likely because you have a lower credit score than the lender will accept. Very few people …