This Week in Credit News Take care with credit reports “If you spend any time on the Internet, you’ve probably seen ads for “free” credit scores. They usually appear alongside ads promising to make your belly fat disappear. There are two problems with these promotions. First, you usually have to sign up for credit monitoring, [...]
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Continue ReadingOne question on a lot of people’s minds when it comes to credit repair options is how best to establish new, positive lines of credit when you either have a bad history of credit use, or no history at all. While you might think establishing new credit can be downright impossible when you have no [...]
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Continue ReadingYou might be wondering how having a low credit score can really hurt you; how one number can make or break your financial future. Speaking as the voice of credit repair services (well, this one anyway), I can tell you from experience that bad credit closes a lot of financial doors that would have otherwise [...]
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Continue ReadingThis Week’s Credit News Credit card debt declines as consumers pay down cards “In the first quarter of 2011, the average credit card debt reached a 10-year low of $4,679, because in recent years people have made it a priority to pay off the cards during uncertain economic times.” Why U.S. credit rating doesn’t matter [...]
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Continue ReadingWe all know how important your credit is for your financial situation and how you should try and improve your credit score if you want the best rates on loans. We also know how important it is to save as much money as you can while on a fixed budget, or striving for credit repair. [...]
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Continue ReadingLiving in southern California, I know how important it can be to stretch a monthly budget out for all it’s worth. When you’re working towards improving your credit, one thing that’ll make the journey easier is learning how to stretch your purse strings as far as they’ll go. Finding debt relief is an important part [...]
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Continue ReadingThis Week’s Credit News U.S. indicts three Credit Suisse bankers “U.S. authorities indicted three Credit Suisse AG private bankers, one a senior executive, on Thursday, toughening their stance against the bank for allegedly helping wealthy Americans to evade taxes.” Consumers in U.S. Relying on Credit as Inflation Erodes Incomes “Consumers in the U.S. are increasingly [...]
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Continue ReadingOften times when looking up credit repair articles online, a common thread of advice is to build up a decent savings account to help you pay your debts down and then cut up your credit cards; all of them. Why is that? As I’m sure anyone who’s ever read any financial blog that has been [...]
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Continue ReadingThousands of Americans are looking for some form of debt relief these days, if your typical financial blog or news story is to be believed. With so many people living from paycheck-to-paycheck and swimming up to their eyes in unpaid debts, it can be hard to even begin to swim towards drier land. To better [...]
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Continue ReadingThis Week’s Credit News Markets Shrug After S&P Says 50% Chance of U.S. Credit-Rating Downgrade “A 50 percent likelihood that the U.S. will lose its top credit rating from Standard & Poor’s even if Congress reaches agreement on raising the debt ceiling left markets little changed.” Economists Warn Of ‘Turmoil’ Amid Threat Of U.S. Credit [...]
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