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 their bills. The process of…

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, and involves putting the card…

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 on time. This information is…

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 when lenders pull different figures….

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 can go toward debt repayment?…

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 can help establish credit history….

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 to put in some work…

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, resulting in households taking on…

In the months following the holidays, many companies are offering numerous credit card deals. You can achieve a good credit rating by managing your credit cards well and avoiding some costly credit card mistakes 1. Focusing on freebies It may be time to rethink if you should get that credit card because of the exciting…

For many people, the holidays can result in a lot of debt. Reports estimate that the average American spent $805 on gifts. To many people, the new year brings extra motivation to tackle debt. In the bid to do this, many consumers reach out for 0% balance transfer credits. When transferring balances, pay attention to…