DEBT is the four-letter word no one wants to hear, let alone deal with. It’s easier and faster than you can imagine getting in over your head. While debt comes with a stigma of overspending, financial irresponsibility isn’t always the only thing that leads to debt. Major life events, like job loss, major medical illness, … Read more
Having bad credit means dealing with higher interest rates, credit card fees, and sub-prime loan rates, and loan applications being denied. Unfortunately, a history of late payments, debt collections, charge-offs, foreclosure, repossession, and bankruptcy have a negative effect on your credit score. Credit problems can last seven to 10 years. But there is something you … Read more
1) Check Your Credit Files The first step in building a better credit score should always be to ask for copies of your credit files from each of the major reference agencies, TransUnion, Experian, and Equifax. Carefully check the information they contain, making sure it’s all correct, up to date, and actually applies to you. … Read more
When it comes to borrowing money, a good credit score is everything. It’s one of the main factors lenders and financial institutions use to decide how much of a “credit risk” you are, meaning how likely is it that you will default on a new credit card or loan obligation. Credit Scores Are Influenced By … Read more
Debt is a serious concern for many American families. In fact, 80 percent of the U.S. population is mired in some form of debt including credit cards, mortgages and student loans.
Your credit report is one of the most important documents of your life. Banks, lenders, and other businesses use your credit report to make financial decisions about whether to do business with you and how much they will charge. A good credit report – contains positive information about your borrowing habits. It leads to a … Read more
A recent survey found that some 63% of Americans would be unable to handle an unexpected $500 expense, this information shocked many in the financial community. Americans themselves, however, were far less surprised. They know that they are living paycheck to paycheck, a lifestyle that more than three-quarters of workers freely admit to. It is … Read more
Whether anyone cares to admit it or not, the fact is that most people like to live in style with every modern convenience at their fingertips available to them right now, in the present. This outlook results in people leaving the “paying for it” part till tomorrow. The problem with this line of thinking is … Read more