Step by Step Guide: How to Get Out of Debt


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

4 Basic Steps to Repairing Your Credit


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

12 Steps to Building a Better Credit Score


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

What Is a Good Credit Score?

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

Creating a Strategy To Pay Off Your Debt


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

5 Steps to Break Free From Credit Card Debt


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