Debt management

With Tax Return Day just a few days behind us, those who filed on time are more than likely already thinking about what they will get back.  Statistics show that approximately two-thirds of Americans who file taxes on time will receive a refund.  While most consumers make plans for how they are going to spend the money on vacations, home improvements, a new car, consider using your income tax refund to improve your credit.  

23 May, 2018

One of the most frequently asked questions when a loved one dies is “does my loved one’s debt live on or die with them?”  While mourning the loss of a loved can be difficult, the added stress of dealing with their debt can exacerbate these feelings of loss. Are you responsible for what your loved one left behind?  Does your loved one’s debt live on or is it buried with them? The simple answer……it depends.

16 May, 2018
The first thing any consumer should do when hearing from a collector is to determine if the debt is time-barred.  That is, did the statute of limitations expire on this debt. The statute of limitations, as we have blogged in the past, is the limit of time that the collector/creditor has to file a lawsuit in court seeking recovery.  Each state’s statute is different, and some states provide that a payment on the debt can restart the statute. Thus, before you agree to pay the debt, your first task is to find out when the last payment was made on that account, and what your state’s statute of limitations is for that particular kind of debt.
09 May, 2018

When applying for a credit card it seems fairly obvious that you cannot get approved with a poor credit history.  However, consumers with a good credit score are denied for a variety of other reasons.  Here are seven of the top reasons credit card companies may deny your application.

26 January, 2018

An Inquiry is created when your credit report  is accessed by a business. With that being said. have you heard of Hard Inquiries? Soft Inquiries?

You may have heard that a hard inquiry can hurt your credit score. But you may not be sure what that means — what is a hard inquiry anyway? Hard inquiries are created when you apply for credit. They can potentially drop your credit scores, which can result in higher interest rates when you borrow. On large loan, like those for a car or home, a drop of even a few points can mean a higher interest rate. And that may mean you’ll pay more over the life of the loan.

18 December, 2017

Unfortunately, there is no quick fix to eliminate debt. Not only does it take patience, time and diligence, but also a clear understanding of why we get ourselves into debt in the first place.Was it that our wants were greater than our means? Was it...

24 May, 2013

5 Ways to Deal With Past Due AccountsOnce an account goes past due, the creditor will intensify its collection activity. When your account is only a little past due, collection efforts are mild. For example, you may get a friendly phone call or past due letter...

15 April, 2013

First we have to know how the whole credit industry works…Credit bureaus are companies that gather and sell information about a person’s credit data. They sell credit data on consumers to banks, mortgage industry  credit card companies, department stores, auto dealers, insurance industry, property owners, and...

15 February, 2013

http://www.youtube.com/watch?v=X-03uNmQengYou can use a credit card in ATM if you get a pin number....

15 February, 2013

http://www.youtube.com/watch?v=J4qU5NHWS90I think it is like any thing else in life that you can do yourself, but if you want to usea third party first check them out and do not pay any money upfront....

15 February, 2013

How to Manage Your DebtAll of us have to manage our finances especially when we are in debt. If youOnly have a small debt, you have to keep up with your monthly payments andMake sure you are not late. Otherwise, when you owe too much...

01 February, 2013

The first step for  improving credit score is to get  your reports and many sites have hidden fees , I have worked with the following sites and my favorite is Wells Fargo ( I am not getting any commissions from any of them ) $1.00 for 3 reports now ($12.99/$15.99 a month, you can...

28 January, 2013