There are a lot of Americans who apply for credit cards just to build their credit status. However, as years progress, so do their debts. Credit card debt is one of the leading and most pressing issues in America today.Before you become one to fall prey to this ugly trap, follow our tips to safely navigate away from credit card debt. You'll thank yourself in the long run.The surest guarantee to staying out of credit card debt is to refrain from...more
It is estimated that Americans are $1.98 trillion in debt. For the consumer who is struggling to pay bills that might not be a lot of consolation, but it means that they are not alone. Many people decide to seek the advice of a credit counselor in an attempt to solve overwhelming debt. Understanding what debt counselors do is important knowledge for those planning to consult with one.Consumers are in various states of debt when they decide to...more
The third step in improving your credit score is to check your credit limits. Your scores might be incorrect if the lender is reporting inaccurate information on your limits, if your lender is showing a lower limit than you've actually got.Free Credit Help Specialist By: Jon Livingston About the Author If you are looking for...more
Many of us have recently noticed some changes with our credit cards. In an effort to protect consumers, the credit card industry has been forced to change.We saw how credit card cash advances and advance tax refunds brought money problems to many households. Fortunately, some of the changes coming with the CARD Act will help consumers avoid...more
Getting out of debt is tough work. It can be a long and arduous process, and for the consumer who is trying to decide what direction to take to do it, it can be full of misinformation. There are many kinds of debt relief, and knowing the difference between them all can help make a more intelligent decision.Consolidating bills through consolidation loans has been a very popular means of reducing debt in recent years, but it is also an option which isn't as economically healthy as it seems. The consolidation of credit debt entails trading unsecured debt - like credit card bills, department store card charges and local accounts - for a secured debt. Consolidation credit debt means taking out a large loan to pay off all of the bills, and in order to get one, the consumer must put up collateral. This generally means a home, real estate property or other expensive items. Since most consumers already have a mortgage, it means a second mortgage or a home equity loan. And that can be a dangerous financial place to be in.The future of the economy is full of uncertainties and added to personal ones like job loss, divorce or illness, betting that there will be ample income for years to...more
For those suffered serious credit problems and tagged as a poor credit borrower, they loose the flexibility of financial autonomy. Even if they do want to explore money from external resources, getting the same does not seem to be possible. Under...more
Living without a clean credit report (i.e. having bad credit) will make your life extremely challenging in today's environment. You'll struggle to upgrade to a car that doesn't break down every other week without at least a bit of established credit,...more
Being with an employer for a long time also scores big with FICO and of course, the more you make, the better. The type of credit you have will account for 10 per cent of your score while your current level of indebtedness will make up another 30 per...more
Not all loans require the borrower to produce an excellent credit report to qualify for approval. Instant payday loans offer a useful alternative for averting a temporary cash crisis and you can avail of them even if you have maxed out on your credit...more
For your city travel you can make use of your Indian Oil Citibank credit card wherein you will get free fuel worth Rs 300 (maximum Rs 600) on every spend of Rs 30,000 on the card. The free fuel would be credited as Turbo Points to your card and will...more
More than current years credit card debt has turn out to be a issue simply because they have become easier to obtain and tempting to use. Individuals now owe thousands to finance businesses simply simply because they do not recognize they're spending...more