Debt management and debt reduction efforts can be difficult for many people. You may find it challenging to pay your bills on time and reducing debt balances can be even more difficult. If you have researched debt reduction strategies in the past, you have found that paying more than the minimum monthly payment required can […]
Continue ReadingTag: fees
Can You Go to Jail Because of Outstanding Credit Card Debt?
People have loaned each other money for thousands of years. As a way to hedge against risk and make money, lenders charge borrowers money through the power of interest. Historically, if borrowers didn’t pay lenders back, lenders would primarily be responsible for recouping their losses. In today’s civilized society, we have courts of law that oversee arguments between people. […]
Continue ReadingHelpful Tips on How to Use a Credit Card Responsibly
There are some people that refuse to use credit cards thinking that if they don’t use them, they won’t get into difficult situations. The truth, however, is that credit cards can be powerful tools if they are used properly. They can help you build up your creditworthiness and increase your credit score if you use […]
Continue Reading7 Reasons To Get Rid Of Your Credit Cards
If credit card companies had it their way, consumers would charge any and every purchase they make every single day of their lives. Unfortunately, that would only be fun until it came time to pay the enormous bill. While it can be difficult to resist temptation from time to time, there are a few excellent […]
Continue Reading6 Things You Need To Know About Interest Rates
Interest rates are an important factor to consider when buying expensive items with a line of credit, applying for a loan, or just using any credit card. In general, those with higher credit scores tend to qualify for a better interest rate than those with lower credit scores. The following are six things consumers should […]
Continue ReadingThe Best Way To Handle Payday Loan Debt
More than 12 million Americans take out payday loans every year, and a significant number of these advances go into default. It is estimated that borrowers pay more than nine billion dollars in loan fees and are more susceptible to suffering the snowball effect when accepting the terms of a short-term loan such as a […]
Continue ReadingDo You Need Help Building Your Credit Rating?
An individual’s credit rating is an important factor that significantly contributes to their financial well being. Whether an individual is applying for a loan or a new job, their credit rating will be evaluated and could be used for making a final decision. Given the major impact that a credit score has on a person’s […]
Continue ReadingTips to Avoid Late Fees
One household alone can have a dozen or more bills that come in each month. Each bill has a different due date that must be followed or else a penalty occurs. These charges can be more than $25 for each occurrence, and the tardiness is quickly recorded on your credit history. We all know that […]
Continue ReadingHow to Get Out of an Upside Down Car Loan
Next to mortgage or rent payments, owning an automobile is the second largest household expense in the United States today. Gas, maintenance, repairs, and insurance can hit our wallets hard each month in addition to regular loan payments on the vehicle itself. Also, hidden within those loan payments, one cost that many of us may […]
Continue ReadingThe High Cost of Leasing a Car
If you are in the market for a new car, you have likely wondered whether you should buy or lease. Many people find leasing appealing because they can drive a new car all of the time, and it even allows them the opportunity to drive a luxury or higher-end vehicle that they would not be […]
Continue Reading