Everyone’s getting tons of fees tacked on to their credit cards, especially if they have bad credit. The fee-happy creditors aren’t just stopping at the consumer, though – they’re also hitting businesses. “So what?” you’re thinking. “If they have to pay some fees, maybe the credit card companies will get off my back for a [...]
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Continue ReadingSee, the last 10 years for My Credit Group have been spent trying to help people get control of their credit. Most of the time, people think that means just clearing out all the bad credit and helping them build up new. And sure, that’s a part of it, of course it is. That’s what [...]
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Continue ReadingSorry, but even those shmancy office chairs from Sharper Image can’t compete with our new credit repair support desk. We realize it doesn’t make for as much of a relaxing visual, but let’s face it – your credit took a much harder hit last year than your back did. So, let’s put the support where [...]
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Continue ReadingYou may have seen some changes on the MyCreditGroup website. That’s because we’re building interactive tools to help you manage your credit better and have easier contact with your advisors. This is good change, not the big scary asteroid about to crash into the earth sort. The sliced bread sort of change. The pizza-is-available-by-delivery change. [...]
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Continue ReadingHere’s how credit used to work in olden times. You had a small property, a nice middle-income household, in a little town. You also had a name. It was a good name. You could use your good name anywhere, to help you get stuff. You’d head on over to the general store and say, “I [...]
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Continue ReadingCredit card companies have been abusing their cardholders for years, encouraging them in bad credit habits and recouping tons of money in fees. In an attempt to curb these practices, President Obama recently passed the Credit Card Accountability, Responsibility, and Disclosure Act (also called the Credit CARD Act, because legislators can be clever too). The [...]
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Continue ReadingWe talk a lot about taking a common sense approach to repair your credit, but we’ve never really laid out our basic do-it-yourself version. We thought we’d remedy that today. You know, just for variety. 1. Make a Plan Get all your credit reports, your bills, and your bank statements out on a table and take [...]
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Continue ReadingThere are a kajillion and one tips out there to save a few dollars every month. We talk about them, other people talk about them, Oprah talks about them. In all likelihood, so do the guys who run things over at Buckingham Palace. Not the Queen, but the Queen’s people. They probably trim the fat [...]
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Continue ReadingAs everyone tries to monitor their budgets and save money, there’s probably not been enough discussion about what to do with the money you save. Most Americans right now have huge amounts of debt and no savings to speak of. When you only have enough money to put toward one or the other, which is [...]
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Continue ReadingYep, it's that time again. Another round of Ask My Credit Group. This one is one of my favorites, and I'll tell you why. I really REALLY love it when we get questions from people who have done their homework. People who are taking their credit and budgets seriously. Most of the questions we get are the [...]
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