Habits that Keep You in Debt

Human beings are often referred to as “creatures of habit”.  That is because we enjoy routines, certainty and patterns.  Most people pick up a range of habits for everything, including — how they eat, how they they get dressed, how they shower and how they spend money. Poor financial habits that you may have picked up over a number […]

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American Households Take on More Debt

In a sign that many Americans are feeling more comfortable about the condition of the economy, U.S. household debt has risen by $78 billion in the last quarter.  The data comes from a survey by the Federal Reserve Bank. The primary drivers of the increase in debt were student loans, auto loans and credit card […]

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Saving Money in Your 20s

Most people struggle to manage their finances when they are in their 20s. They have just entered the workforce, probably have a low paying job, have many bills and have little experience organising themselves. People in their 20s also have many credit card companies throwing easy money at them. It’s not hard for someone just […]

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Simple Tips For Improving Your FICO Score

Some recent changes in the way the FICO score is calculated have opened up some interesting opportunities for credit score improvement!  Some of these changes pertain to medical debt and for people with a settled debt collection on their record. It’s important to note that the general mix of FICO credit score remains the same, approximately: 35% Payment […]

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14 Worst Credit Card Mistakes

The road to a mountain of debt is usually littered with a trail of maxed out credit cards. Credit cards are very easy to use incorrectly and can quickly become a major financial problem. Unfortunately many people use their credit cards in ways which lead them towards financial disaster. They can often look like the […]

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Simple Tips for Managing Your First Credit Card

Getting your first credit card is an exciting time, particularly for a young person. You suddenly have the ability to buy items whenever you feel like it, even when you don’t have the cash available. You can also take advantage of online shopping more easily. Before you rush out and start madly using your credit […]

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Settling Old Credit Card Debt

There is actually a right way and wrong way to settle old credit card debts. Some people end up paying too much to creditors or pay off old debts which they didn’t need to pay off at all. Make sure the debt is yours The first thing you need to do is make sure that […]

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Using Credit Card Transfers to Lower Repayments

Many people consider credit cards to be all alike. They understand that different credit cards have different interest rates but don’t fully understand that different cards have different abilities. You can take a look at your own financial situation and tailor a credit card to match that situation. If you are a frequent spender, perhaps […]

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Credit Card Debt Law Changes

Contemplating either signing up for a charge card credit card debt relief program or filing for bankruptcy? Are the legal effects of your steps causing some degree of anxiety? After all, possessing a financial debt problem is bad enough without having to contemplate legal actions over missed charge card payments. One good thing is, new […]

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How Long Can A Bad Debt Be Collected

You’ll find a variety of views on just how long an unsecured bad financial debt is collected. For the debtors they’ll rely on the statute of limitations where by just after seven yrs the creditors will not be capable to go after the debts any more. On the creditor’s part, they will still have options […]

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