Managing Credit and Debt Archive

During the last two decades the majority of credit card users have never given a thought to annual credit card fees, as the card issuers were happily making their profits through less transparent fees and …

The days of easy access to student credit cards are over. Changes implemented in 2010 now require students to have either proof of an income, or a responsible co-signer, before credit cards are issued. The …

Owning a credit card gives the feeling of superiority and financial prosperity. While it’s easy to whip out a credit card, most people create a debt trap from which they find it difficult to extricate …

Let’s take a short look back at history. At the end of the depression of the 1930s, nobody trusted banks. That was because banks were failing, and if you put your money in one today …

Those looking for an excellent rewards card will find the Blue Cash Everyday from American Express is one of the best available deals. It offers an excellent rewards program in addition to a range of …

If you are not able to pay back your outstanding debts on your own, you can get professional help. You can go for credit counseling to repay your debts with professional guidance. Go through this …

When you are in debt you need to have a plan to help you get out of the deep hole you have dug yourself into. In order to this you need to budget.  One type …

Know Your Credit Score What is a credit score history and why is it so important? For the majority of us credit reports and scores remain a vast enigma, a puzzle filled with endless headaches …

No matter what type of retail therapy consumers prefer, there is almost certainly a store credit card available to entice. From the retail giant Walmart, to Big Lots, Macy’s, Ikea, Lowe’s, Gap, and a veritable …

Bankruptcy has a negative effect on your financial standing and it also affects your image as a business or individual. Many individuals get concerned about how the bankruptcy record will affect their credit score. The …

This is the time of merry making and being happy and enjoying the celebrating with family and friends. Months before this festive time, the shopping spree begins among family members. And at this point, people …

Maintaining a good credit score is very important and will make your life much easier. When you have a good credit score you are offered lower interest rates and it will save you a lot …

Just over a year ago; I would have responded to the question, “Should teens have credit cards?” with an astounding “Yes!” I thought that credit cards were great for teens and for young adults. After …

In today’s tough economic times, many people have found themselves in the unenviable position of being upside down on their home loans. They owe more than their house is worth, and this can cause many …

Universal default is a term used to describe the process that credit rating agencies use to determine your credit rating. If you default on a loan from a lender or miss several payments, the agency …

If you have credit cards, chances are you may run into some debt at some point. And if you run up considerable debt, an official debt collector may contact you. Do not be afraid. Debt …

Though technology is far from perfect and we all generally know we are taking some risk when utilizing just about any of it these days, many of us still do not think twice when we …

In this failing economy, it makes sense to understand all you can about a financial obligation before you sign on the dotted line. Yes, the advertisement says: “lowest rates” and “pre-approved”, but what it really …

It used to be that depending on the contract you had with your credit card company, they could increase the interest rate they charge you without notifying you.  However, due to credit card law reforms …

You don’t have to have bad credit. Let that sink in first. There’s hope for the “credit deficient.” Here are three simple ways to raise your credit score. Bear in mind these tips are simple, …

You can consciously do something to raise your credit score after a bankruptcy. The understanding of bankruptcy and how it affects the bankrupt can make one develop a mindset of never becoming financially stable again, …

The current economic problems have taken their their toll on most everyone in some way or another. Businesses have had to downsize and layoff employees because of the growing cost to run a business and …

So you are ready to repair your credit are you? Well, credit repair is easier than one may think. You must have a solid plan in place in order to remain on track. Repair your …

It was always inevitable that the credit card companies would look to recoup the massive amounts they would lose in fees following the credit card reforms of February 2010. The Credit Card Accountability, Responsibility and …

Improving and maintaining a good credit score is important for anyone who wants to participate in our financial system. A person’s credit score can be used to determine if you are eligible to take out …

Before you can repair your credit it is important to understand what a credit score is, how it is generated and why it is used. The credit score was originally created by a corporation called …

Good credit is important when it comes to getting a mortgage, a bank or car loan, a credit card or even renting an apartment. People can damage their credit in a number of ways, particularly …

Here are 6 ways to avoid credit card Late fees. While I was recently investigating automatic-withdrawal credit card and banking scams, speaking with a Consumer Protection Representative, we discussed basic credit card fundamentals an how …

You are at the car dealership and you have found the perfect car. It has good gas mileage, and the sweet satellite radio system. Just one problem you can’t get financed! As you sit there …

If you are tired of writing out a dozen checks to pay credit card bills each month it might be that you have trouble keeping track of when the various payments on these accounts are …