Credit

Credit Counseling, Debt Settlement Or Bankruptcy

December 24, 2010

If you have fallen behind on your credit obligations, you may feel like you are trapped and there is nothing much that you can do. And no matter what you do, your credit score and credit report will be affected. The question becomes how much will it hurt? While filing Bankruptcy can be painful and [...]

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Credit Scores Or Finances

December 21, 2010

Yes, it kind of is a “damned if you do and damned if you don’t” situation. And it is also true that doing what is best for you financially does not always equate to getting the highest credit score. For example, if you settle one of your past due debts for less than what you [...]

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Salvation Army Takes Credit Cards

December 8, 2010

Walking out of the store the other day, the person I was with remarked that the little red kettle from the Salvation Army must be hurting as not one person that was ahead of us in line used cash, everyone used a card of some sort. In the past the Salvation Army red kettles accepted [...]

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Debt Collectors Harassing You?

December 3, 2010

What are the rules for debt collecting? What can you do if you are being harassed? Check out this video fromFox Businessfor some good info. Tweet

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No Spending Limits May Be A Problem

December 2, 2010

Depending upon how the company chooses to report to the credit bureaus a credit card with no spending limits may be detrimental to your credit score. If the card is reported as “open” it probably will not affect your credit score, however, if it is reported as “revolving” and the balance is set for the [...]

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Credit Card Use Is Down

November 30, 2010

Over the past year more than 8 million consumers have eliminated their credit cards. Only about 62 million people have an active credit card now compared with 70 million a year ago. Some of the speculation is that people fell behind on their payments due to the recession and that the loss of the credit [...]

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Who Is Offering Financial Advice For Teens?

November 12, 2010

In case your teenager really believes that they may need to “Keep Up” the Kardashian sisters are offering up a Prepaid Debit Card under the pretense that they will be able to teach teenagers about financial and fiscal responsibility. Never mind that the Kardashian’s have zero financial credibility, never mind that a few of the [...]

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Responsible Credit Card Use

November 8, 2010

There are ways to use a credit card that is completely to your advantage. But when you are completely responsible with your credit card, the credit card companies are not making the profits they need and expect. So apparently it is a good thing that there are the irresponsible users also (makes it more beneficial [...]

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The Statute Of Limitations Regarding Negative Credit Reporting

October 28, 2010

Back in 1970 the Fair Credit Reporting Act or the FCRA was put into law in order to protect consumers from unfair and fraudulent credit reporting. Among the provisions of the law were some distinct limitations on how long negative credit can be reported. If you have mistakes and inaccuracies showing on your report, you [...]

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Money For Nothing…..

October 25, 2010

(and chicks for free…) Even though fewer people may be able to qualify, right now there is a plethora of “No Interest” credit cards being offered. The fact is that the credit card companies need to get more customers and increase their revenue. But if you can quality, is a no interest credit card a [...]

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