Managing Credit and Debt Archive

Debt relief companies are businesses which require the business of those experiencing financial difficulties, in order to continue to receive either revenue from clients or funding from other sources. As such, they often make claims …

There are many reasons why credit cards are safer kept in your wallet. These reasons will relate both to the security and safe-keeping of the card as well as ensuring the card is less likely …

So many people are caught in the debt trap these days that many now aspire to be debt free.  There is such a thing as good debt though, strange as that may sound, and it …

1.) Start Young: When you are a wise and all powerful teenager you should apply for a credit card if possible. Try to get one with no more than $300 worth of credit and low …

For most people receiving the news that you have been refused credit can be devastating at first, but rest assured by understanding why you were denied your application you can help your future requests by …

If you haven’t heard about VantageScore you may perhaps receive a pleasant surprise when you pay for your credit score from one of the three major credit reporting bureaus. You could well receive a score …

Consolidating credit card debt will help you manage your debts. It will improve your credit record and will benefit you in terms of reducing the cost of interest you have to pay. It will also …

Individual voluntary arrangement What are Individual voluntary arrangements (IVAs)? In the UK they are a less restrictive alternative to bankruptcy, however they are only valid in England, Wales and Northern Ireland, the law in Scotland …

Your credit is tied to a profile called a credit score. It is a mathematical financial tool used by creditors to determine risk, and these creditors use this score to determine whether or not they …

A fraud or credit alert and a credit freeze both are means for dealing with identity theft and credit fraud by making it harder for someone to obtain credit in your name, but they differ …

Bankruptcy may seem like the perfect way to get out of debt sometimes.  In fact, sometimes, it may seem like the only way out of a financial death spiral that you may not have previously …

As the saying goes, “The devil is in the details.” For credit cards, this cannot be more true. Credit card companies are always sending out card deals that look too good to be true, and …

The credit score is similar to a black hole in out-space when it comes to understanding them. The entire credit scoring system and credit industry is very much a lawless place with a rule book …

If you are wondering why you were refused credit recently, and think that you do have an excellent credit score, think again! There are more than a hundred things affecting your credit file and there …

Debt is sometimes a necessary evil to help you get ahead. However, uncontrolled debt or chronic debt is something that holds you back. Any debt taken out should be for a fixed period of time …

Data on your credit report can be detrimental to your overall financial health. Your credit score assists potential creditors in computing loans like mortgage, car, etc. Some employers are judging prospective employees based on their …

Getting out of debt is a common goal for many people. A life free from the weight and stress of being in the red can sometimes slip out of being a reality and seem like …

Not all credit monitoring services are created equally. Each service offers different benefits even though they are quite similar. There are a few different things you need to look for when reviewing these different services. …

If you are currently in a debacle involving your credit, and you need a way to electronically pay for items, then a debit card is going to be the only resource for you to do …

Building a good credit rating is essential to many important things in life.  A good credit score can assist you in buying a car or home, renting an apartment, purchasing a good cell phone plan, …

A bankruptcy is probably the worst, one trick pony that can happen to your credit report. Before you decide to file for bankruptcy, you need to think long and hard about the benefits and penalties. …

How to consolidate credit card debt is one of the important things cardholders should know. Consolidation is perfect for those who are looking to improve their credit in the future. There are many benefits for …

So you go to answer the phone and you’re not really thinking too much about this weird number. By the time you get off you wish you had thought twice about that call. Your mad …

I like to buy stuff. Who doesn’t? But sometimes, after spending the time finding the stuff and often waiting in line, I find myself outside without the product. Two problems: first, I like to use …

Being in debt can cause unwanted stress and worry. You’ll be forced to live paycheck to paycheck as you struggle to keep up with current bills while paying what you can on old expenses. Your …

If you have never worried about your credit score before you should now. With identity theft becoming an increasing problem and interest rates rising your credit score is becoming more important. If you aren’t worried …

What you need to know about debt and compound interest is essentially the extent to which the latter can significantly add to the former. If debt is allowed to accumulate to a significant level, it …

With unemployment figures hitting a 16 year high in the US, fuelled by the worst economic crisis since the Great Depression of the 1930s, there are now more than 10 million Americans out of work …

The process of how to remove debt from your life is in the first instance about cataloguing your debt, prioritising your debt in the sense of which items should be repaid first and finally about …

As parents, we all want our kids to get the best possible education. A deficiency of the school system, however, is that it rarely teaches kids about the importance of money management and how to …