When you’re trying to clean up your credit score, you can’t help but want to pay things off. But that may not be a good idea. Keep in mind that when you’re not paying, the lender isn’t happy. So, you actually have an upper hand in this situation with negotiating power. After all, they do...
The short answer is no. It’s best to skip borrowing money to buy things that will depreciate such as vacations, cars and clothes. When possible, it’s best to pay cash for cars because when you borrow, you’re paying someone to temporarily use their money. If what you buy with that money goes up in value...
If you’re recently divorced, you have to make some new adjustments in your life. And if your ex used to make all the financial moves, you’re really in for a major adjustment. One of those adjustments being getting a credit card. If you’re looking for a solid rewards credit card that still has the training...
There are plenty of sources to find obtain your credit scores. However, the scores created by Fair Isaac Corp., aka FICO, is most commonly used. This is what you want to go by when checking out your credit report. Credit scores through this system range from 300 to 850 and are broken down into these...
This month, make it a point to start improving your credit score. First step, check your credit report, especially if you haven’t checked it in a while. Where to check? The three national credit reporting agencies are a great start. Check Equifax, Experian and TransUnion. They all keep credit reports on consumers. You can obtain...
If there is a delinquency on your credit report, all hope isn’t lost. There are ways to negotiate to get it removed. It may not work with every lender all the time, but it’s definitely worth a try. Call the lender and offer them a certain amount of money to settle the account, provided they...
If debt collectors have been threatening you, don’t worry. To get into your bank account, the creditor must get a court order. That means the creditor must sue you, take you to court and win. After a judgment enters against you, a creditor can have access to your bank account. If you owe the federal...
Do you want to pay down your debt fast without going broke? Here are two strategies to try: •Debt avalanche: Here’s how the debt avalanche strategy work: You pick the debt with the highest interest rate and pay that one off first. From there, you work your way down to the next highest interest rate...
A personal loan with a set payoff period is a great option to choose if you want to consolidate debt and there are many great deals out there, if you’re willing to shop around. Benefits include: •One monthly payment •A set interest rate •You don’t need a perfect credit score During this process, it’s best...
So, you want a credit card. Have you ever asked yourself, why? Knowing the answer to this question will determine the kind of credit card you should get. For instance, are you looking to earn rewards? If so, you should look for credit cards that offer great reward points. Do you need extra money? If...
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