Credit and Debt

Are you losing control of your credit card debt? Are your finances in a mess? Follow these 7 steps to help beat credit card debt. 1] Start a budget and track what you spend your money on. This is really going to help you gain control of your finances by seeking exactly what you’re buying each month. Begin your budget by keeping track of income and expenses; if you stick to it you’ll know exactly where your hard earned dollars are going and where to cut back. 2] Put your needs before wants. Spend your money on what you need each month, there are ... Read Full Story

by Jay Peters While some surveys show that 9 out of 10 consumers are unaware what their credit score is, I'd like to quickly share with you how your credit score could be costing you a fortune%u2026 in more ways than you can imagine. We all know a low credit score will make everything in the world of finance more expensive because of higher interest rates from lenders due to being considered a greater credit risk (i.e. higher interest rates on car, homes and credit cards). While this may be considered common knowledge by some, it's truly devastating effects are understood by few. For ... Read Full Story

All consumers, in one way or another, have to deal with lenders. In some cases, when a borrower fails to respond immediately or when debts are long overdue, lenders pass on the collection of debts to a debt collection agency. However, a debt collector may resort to harassment or unfair tactics to force a borrower to pay. Although you - the borrower has the responsibility to pay, this doesn’t mean that you should be treated unjustly. Borrowers still has the right to privacy and fair treatment. The Fair Debt Collection Practices Act (FDCPA) was passed in 1978 to protect consumers against illegal debt collection ... Read Full Story

Starting or expanding a business usually involves debt.   You expect it and you plan for it. If your business takes off like you hope, then that debt was a smart investment in your future. For many small businesses and new businesses, the business credit card is the easiest way to purchase what you need to operate.   In that sense, the business credit card is like the line of credit that banks give to larger business customers. Applying for a business credit card online is the fastest way to get approved and start buying what you need for work.   Just like a ... Read Full Story

Trying to get free from debts can be frustrating. Fortunately, there are steps that you can take to recover from this financial burden. The common solution recommended for people in debt is consolidation. Usually, if you seek debt help from a credit counseling agency, you may be advised to enroll in a debt consolidation program . Is debt consolidation really the answer? Debt consolidation is often done by acquiring a loan to pay existing debts. Afterwards, the borrower must submit his payments to only a single lender- the debt consolidation company. Thus, instead of paying different creditors with multiple interest rates, debts are combined ... Read Full Story