Author: Hector MillaSo many offers claim to get rid of your debt. But they do not tell you what can happen to your credit scores. Settlement and negotiation may hurt your credit and may not even help you. Counseling and debt management may help you get your bills paid, but most creditors view it as a bankruptcy. Debt consolidation is one of the few settlement plans that does not have negative effects on your credit. There are several reasons for...more
Author: Hector MillaWhen you consider that your credit rating is already as low as it can possibly get because of being in debt, then it really should not matter if you credit score is affected if you use the services of a debt consolidation agency. What this means is; if you have already amassed so much debt from the money you owe to your creditors and bills then the chances are you will not get a loan or credit line from any bank or mainstream...more
Author: Sean TeahanCredit cards could mean two things to people: a burden or the best financial tool ever.Generally, these plastic cards mean no-sweat purchasing because one swipe means paid (at the counter), risk-free cash carrying because it is “cash” but in a more protected way, and credit score building because every credit accrued means points. These are some of the good things credit cards bring but along these privileges also come responsibilities.Credit cards, as the word credit suggests, are tools for quick borrowing of money without the hassle of frequent loan application every time a user needs to purchase. This borrowed amount comes with interest rate but usually only after a grace period had passed and the credit card user has still failed to pay what is owed. Doing the math, it means the user has to pay the cost of his purchase plus the preceding interest rate monthly.There are payment dates designated to which the user should pay his balance. But when he fails to do so, there are corresponding penalty charges. Therefore, after the payment date had passed, what he owes the credit card company are the balance of the original cost, the accrued interest rate, and the...more
These days where even your personal information can be accessed through various sources, especially through the internet, you are always at risk of identity theft. Credit reports are among the information about you that can be accessed on-line. In this case, how can you be safe from identity thieves and scammers? You are protected through the Fair...more
If you are a merchant that accepts credit cards then you know those fees ONLY seem to go up. Depending on the product and your customers you can easily be paying 3% or more in blended fees. Trying to figure out exactly what are paying by examining your merchant statement can be an exercise in futility. These statements are at best confusing and at...more
Author: Kris BickellAt some point or another, regardless of how much you budget and cut back on your spending, you may find that you are simply unable to make your debt payments each month. If you've tried talking to your lender and they refuse to compromise, it may be time to seek out help from a debt counselor or a debt assistance company. Here's what they can do to help with out of control credit card debt: Negotiate with creditors on your behalf: Credit card companies frequently work with counselors and debt assistance companies, and phone calls from these third parties will likely be more effective than personal calls from you. By talking with your creditors, counselors and companies may be able to get your interest waived or reduced, get any late or over-the-limit fees waived, or even get your creditors to accept less than you owe to erase the debt. Creditors will likely be willing to negotiate if they know you are considering bankruptcy, which can mean that they will receive nothing at all. Help you set up a realistic repayment plan: Using your financial information, credit card debt assistance companies and counselors will help you figure out how much you can afford to pay...more
Author: John WilloughbyIf you are shopping for a mortgage in the next few months, you should have a pretty good idea how your credit looks before you apply. The 3 national credit repositories, Trans Union, Equifax and Experian, are required to each...more
It is very important for one to set up a credit card payment option after creating a merchant account. This is defined as that type of bank account launched by the company one is associated with to help the owners receive the payments made by others...more
Author: howard SnyderIf you have been thinking about the process of consolidating credit card debt, then you should learn all the truth and get all your facts straight before you do it. You need to learn all the implications and consequences in order...more
Author: howard SnyderAmericans are suffering a tough economic crisis. People have lost their jobs and their livelihood and have been forced to use credit cards to pay for daily expenses like bread and milk. No wonder the average credit card debt is...more
Author: Hector MillaWith the economy the way it is today many people are turning to debt consolidation as a means of getting their financial affairs in order. If you’re considering this, and many people today are, you may also be wondering if it...more
Do you need to get some quick cash? Of course everybody would like to have more cash in your pocket but you really need to determine if getting a payday loan online is a wise financial decision for you. Online payday loans are an expensive form of...more