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Being Prepared When Buying a New Car

Buying a car is a big deal. Whether you spend $2,000 or $20,000, a car is a big purchase. There are different things you might want to think about doing before you buy a car so that you are as prepared as possible. Doing some or all of the items below might save you some money and some time. How’s your credit score? If you know you have a car purchase coming up soon, then you might want to check out your credit score if you plan on financing your new vehicle. This is because your credit score might not be high enough to be approved for a car ...
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Four Myths and Facts About Credit Cards

According to NerdWallet, the average household in the United States has credit card debt of $15,607. That’s a lot of debt, and many people are way above that number. Some of this credit card debt is because people don’t fully understand how to use their credit card, and then everything just grows and goes crazy from there. It’s very easy to let credit card debt get out of hand and out of your reach. I believe that understanding credit cards and why debt can happen is very important and helpful in learning how to correctly use credit ...
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Six Biggest Credit Mistakes

The current economy has wreaked havoc on many people. Many people, even those who previously had stellar credit, have seen their credit scores plunge and they are still suffering the effects of bad times with bad credit. But there is hope. There are some things you can do to repair your credit. But first there are a few things that you should never do. In no particular order but numbered for efficiency sake below are some of the six worst mistakes. 1. Biggest Credit Mistake – Canceling your credit cards. It may seem counter-intuitive and if ...
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Your Credit Rating and Bankruptcy

There is a prevalent myth out there that bankruptcy is bad, really bad. Not to say that bankruptcy is good (of course it is not) but how bad is it really? The truth is that once you file bankruptcy, it can remain on your credit report for up to 7 years and 10 years in certain instances. According to FreeCreditScore: “Chapter 13 bankruptcy will remain on the credit report for seven years from the filing date. Under Chapter 7 bankruptcy, a person does not repay any of the debts included in the filing. Chapter 7 bankruptcy remains on the credit ...
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Online Safety: How to Protect Your Finances

The era when trips to the bank served as the key method of organising one’s finances is well and truly over. With huge increases in connectivity, greater computational power and advances in the field of online security, the majority of individuals are now well versed in the act of conducting one’s financial activities in a primarily online fashion. That would be completely fine, a mere aspect of human technological, social and economic advancement, however with the inexorable rise in cases of identity theft, privacy infraction and outright stealing ...
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