As a consumer, you need to be vigilant about protecting your credit and financial reputation. One of the best ways of doing this is to understand some of the basics of credit repair (e.g., monitoring, reporting, disputing errors). It would help if you also were careful that you don’t undermine your consumer rights when dealing …
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While you can get out of debt, you can’t do it quickly. Unfortunately, this isn’t what you want to hear when you find yourself living paycheck to paycheck. Big debts (e.g., student loans, home mortgages) don’t help. In fact, they frequently make the situation worse. The best ways to get out of debt are to …
Consolidating debt is something that is considered by many people who are struggling to pay back personal loans. It can be helpful in reducing stress and worry about your debts overall, but it can also have an impact on your credit score. Debt consolidation happens when a person has multiple loans that are owed to …
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Love them or hate them, credit cards are a huge part of millions of American lives. Most people hear the horror stories of mounting credit card debt, but in reality, credit cards can be good if handled properly. In this article, we will be discussing how credit cards may actually help you going into the …
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If you have recently experienced rejection with a credit application you may also be facing a poor credit score. There are several reasons for having a poor credit score such as delay in credit card payments, having some outstanding judgment against yourself, or being a victim of fraud or identity theft. For any reason, if …
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In the United States, a good credit score can be just as important as your social security number or money in your bank account. Your credit score is not just a number, it is an important factor of your financial health. In this article, we will discuss what is a good credit score, and some …
It is important to have good credit. It opens up avenues for lesser interests and it affects future loan approvals for larger purchases. Therefore, although having a bigger credit limit is better, here is what you must know for building your credit in the right manner. Two factors decide if a rise in credit limit …
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Your FICO score is a 3-digit number that you receive based on your credit report. The number helps the lenders in deciding the possibility of you returning a loan. It also affects the amount you can borrow, the number of months you get for repayment, and how much this loan is going to cost in …
When you stop the payments on your credit card, you can pretty much expect a poor credit score, charging of late fees, and increased interest. If you are facing some unexpected circumstances such as heavy medical bills or unemployment and you are faced with more debt than you are capable of repaying, it will be …
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Scam /skam/ noun informal 1. a dishonest scheme; a fraud. “an insurance scam” synonyms: fraud, swindle, racket, trick verb 2. swindle. “a guy that scams the elderly out of their savings” synonyms: swindle, cheat, deceive, trick, dupe, hoodwink, double-cross (Merriam-Webster Dictionary) The warnings are all out there – on the internet, in Public Service Announcements (“PSA’s”), …
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