Managing Credit and Debt Archive

Bankruptcy can have a huge adverse effect over your credit score. It damages your credit reputation and makes individual creditors and lending institutions think twice before granting you a loan. Unfortunately, filing for bankruptcy is …

After years of mismanaging our money, and poor financial decisions, my wife and I found ourselves in a deep whole. We both have jobs earning a decent wage, but were still living paycheck to paycheck. …

If you find yourself in debt, it is important to make a plan to get out of it before it gets larger.  With interest charges and finance charges, your debt can grow out of control …

The way it used to be not too long ago… Credit card companies promising thousands of minutes of phone cards if the home-sick student signs up for a student Visa. Credit card companies approving applications …

Being able to draft an exceptional credit letter can save you time and money when you are able to fully explain your thoughts on paper. It will also save you from having to speak to …

There are two different ways that banks price loans. The first type of approach is that every customer gets the same interest rate, provided that they pass the bank’s credit score. A credit score is …

Having one or two credit cards which need your attention is commonplace. To have multiple credit cards which need paying off is a sign that things are out of control. Interest is charged on each outstanding card …

In modern business practices and in personal financing, business entities and persons alike may need additional funding than the funds that are actually available in a banking account. The requirements are often short term and …

Should you pay down debt or invest more? Well, it depends on your situation. Personally, I would invest rather than pay down debt. Your investment can always pay off your debt. If you choose to …

At times you can find yourself in a tough financial situation, perhaps you are unemployed due to a career change, or a new family situation; and you just need that extra help for a short …

Choosing the right credit card is a very difficult task with so many lenders willing to offer you one. You need to find out which one best suits you. Here are ten tips that will …

If you want to hamper your ability to get a consumer loan, dash your hopes of ever securing a mortgage, kill all chances of landing a job or even renting an apartment and in some …

Accumulatng debt is one of the easiest and one of the most dangerous things a person can do. You can show discipline and muddle through, but then you get hit by some emergency. The only …

The steps of becoming debt-free are simple by principle. But when you actually face the fact that there is debt in your name, everything becomes a bit more difficult in getting rid of that debt. …

There’s a storm coming to the United States. Actually, there are several storms, including a more than $1 trillion behemoth of student loan debt that has been inflicted upon the country’s youth and taxpayers. Canada …

It’s a sad fact that very many people these days are saddled with debt. This debt includes personal loans, credit cards, overdrafts and mortgages. Back in 2001, the total US household debt just from credit …

According to conventional wisdom it is desirable for anyone who wishes to take out a mortgage or borrow money from a financial institution to maintain a first class credit record. According to theory financial institutions …

Getting loans is a necessary part of anyone’s financial life. Because of this, it is important to understand the different types of credit available on the market today.  When looking for a loan, there are …

THE INS AND OUTS OF CREDIT SERVICES To the average consumer, credit services can appear complicated, confusing and foreboding. There are a multitude of options for consumers as well as merchants, in choosing which credit …

Clearly, abuse of credit has done serious damage to the American economy, but the sky isn’t falling. While bond insurer Ambac disappointed investors today, at least the poor saps who took directional positions, it has …

Who hasn’t heard those catchy TV jingles telling about all the problems that could have been solved with a free credit report? In a way it is true. If you regularly get free instant credit …

Until the 16th century and the reinvention of commercial or mercantile banking, the way to invest was to withhold some of your income from consumption, accumulate enough savings in the form of cash, then invest …

One worry that many people have when they contemplate bankruptcy is the effect it will have on their credit rating. However, if one has reached the point of considering filing for bankruptcy they either have …

Many people continue to believe that if you work really hard, you will eventually become successful. While there are many definitions for success, it is used here as it applies to increased income. However, global …

Debt consolidation is a good thing. Most of people hear “debt consolidation” and shudder at the idea. But I’m not sure if they’re shuddering at the idea of having to do it or the fact …

Everyone is entitled to a free annual credit report. There are plenty of advertisements online and on TV touting free ways to get your credit report; just look a the 2008 commercial in which a …

In this article, I want to briefly state the outstanding attributes, of the 11, currently available, Chase General Purpose Cards. Knowing that, let us look into the great deals and superior service the 11 cards …

Multiple credit card debts are a recipe for financial disaster, which are likely to result in penalty interest rates and late payment charges unless card repayments are properly organized. Anyone struggling with debt repayments will …

A PayPal user in the United States was shocked to discover $92,233,720,368,547,800 in his account, according to the National Journal (via Yahoo! News). Even if it was for a very brief time, Chris Reynolds of …

Bankruptcy is a harsh blow for anyone to go through. Despite the fact that a Chapter 7 or Chapter 13 can sometimes wipe the proverbial credit slate clean when it comes to creditor harassment and …