Posts tagged as:

personal finance

Thumbnail image for How Debt Struggles Impact Credit Scores

How Debt Struggles Impact Credit Scores

May 14, 2010

One of the most common questions when considering the different debt reduction programs available to consumers is how will they impact your credit score. This is an important issue to keep in mind when determining which debt reduction strategy is the best fit for your particular situation. “FICO” score FICO is the most widely used [...]

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Math Benefits Of Debt Settlement

April 13, 2010

Yesterday we examined why a popular debt settlement myth isn’t true in this post. Now let’s take the same example we looked at yesterday and take it a step further to explain the benefits of the debt settlement approach in easy to understand math. I know, you hated math in school. But for those of [...]

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3 Reasons To Get Your Credit Report

April 9, 2010

The majority of consumers are not proactive about reviewing their credit report and becoming familiar with all that is on there. Most of us only learn what our credit score is when we go to make a large purchase (like a car, for example) and the finance person has to run our credit to see [...]

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3 Credit Card Mistakes To Avoid

April 6, 2010

Rising credit card debt is an epidemic that is affecting more people today than ever. Legitimate financial hardships like the loss of a job, the onset of a medical condition or a divorce are causing thousands of Americans to fall behind on their credit card debt payments. On the other hand, there are others who [...]

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4 Steps To Budget Effectively And Eliminate Debt

April 5, 2010

In today’s world of financial uncertainty, it’s more important than ever to examine your finances carefully. This is especially true for anyone who is struggling with high debt balances and wondering what is the best solution to address their debt. Before you consider all the debt reduction strategies available to you, you must analyze your [...]

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Secured Credit Cards: The Preferred Way To Rebuild Credit

March 1, 2010

The other day we talked about why subprime credit cards should be avoided by those with bad credit. The good news is there’s a much better alternative that you may not have heard as much about: secured credit cards. They’re referred to as “secured” because the credit card’s limit is secured by a checking or [...]

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Avoid Subprime Credit Cards

February 26, 2010

You don’t have to look far to find someone in the midst of some sort of financial crisis. Unemployment, divorce, unexpected medical bills and paycuts are the most common reasons that people fall on hard times, and they can happen to anyone. And most people will suffer damage to their credit rating as a result.  [...]

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How To Pay Off Credit Cards With Debt Snowball Method

February 25, 2010

Yesterday we talked about how to to pay off credit cards with minimal interest, and if you’re the type that’s motivated by paying as little interest as possible, then you’ll love that strategy. But there’s another credit card pay off strategy that some personal finance experts endorse which many consumers have had success with. It’s [...]

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How To Pay Off Credit Cards With Minimal Interest

February 24, 2010

The typical person has several credit cards and carries balances on them from month to month. And with ever-increasing interest rates, paying off your entire balance is more difficult today than ever. The current average interest rate for new credit card offers is climbing towards 20% and interest rates are certainly higher for current cardholders [...]

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