-You’re never too old: you can always get start building an emergency fund regardless of your age. The purpose is to make sure you have backup money in case something bad or unexpected happens. This can happen at anytime regardless of age. -You’re not too young: Bad things also happen…

Declaring bankruptcy can be a good safety net when debts get out of control, but here are a few things to consider before doing so: -Some people are too poor to declare bankruptcy: Chapter 7 or Chapter 13 bankruptcy basically means that a person doesn’t have enough money to pay…

A new credit card chip technology known as EMV (Europay, MasterCard, and Visa), meant to protect against data hacks has been introduced in the US. This has resulted in longer lines at checkouts because consumers are adapting to the change. These cards have been used in Europe for many years,…

Investors regularly request business credit reports. It is important to understand how business credit reporting agencies work, and to monitor your company reports regularly. Your company reports list what types of credit your company has, the length of time the accounts have been opened and if bills are being paid…

There are many credit score models in the US which means your score could fluctuate 100 points or more. Ever wonder why they car dealership’s credit score came back 50 points lower than you had initially expected? Many consumers who monitor their scores on free credit reports are often confused…

Paying down debt is a very popular goal. Getting to that zero balance takes hard work, but here’s4 ways to make the task easier: 1 Don’t forget your other resolutions – Reevaluate your budget – are there things you can cut out in order to free up more cash which…

1 Pay bills on time: Other than paying bills on time, developing a plan to stay out of debt is important. Late payments stay on your credit report for about 7 years and cause damage to your credit score. This also includes student loan debt. Report rent payments: Rent payments…

A higher credit score saves you money! Did you know that your low credit score is costing you money? Having a good credit score gets you the best rates for car loans, credit cards, mortgages and more. You can also get pretty good credit sign up bonuses. But you have…

This is partly due to increased use of credit cards, resulting in higher consumer borrowing. This has offset slower growth figures in auto and student loans. Consumer borrowing rose by $14 billion, the Federal Reserve recently reported. It is believed that improvements in the labour market will boost consumer confidence,…