August 6, 2010
Author: William M. Davis
A credit history is a record of how responsible you have been in repaying your debts. This credit history is used to help creditors to determine what level of risk you pose if they were to give you a loan. Many may think that the best option is not to have any credit history. However, the truth is much to the contrary, as financial institutions will be less likely to give you a loan if they have nothing to reference their risk. Therefore, control is the operative word to indicate your maturity in dealing with your financial obligations.
March 18, 2010
Author: William M. Davis
The race goes on to find ways of reducing debt and increasing our credit scores. This illusive feeling of being debt free has grown to be big business and financial professionals now charge individuals to give them advice of how to increase their credit score. Here we will break this mold and divulge some of the secrets that we hope will help in improving your credit score.
Pay down the Credit Cards: An effort to pay down your credit card gives an indication that you are willing to manage your debt. Although you may not clear your credit card debts, it …
March 10, 2010
Author: William M. Davis
Bankruptcy is never the first choice of any individual or company who is facing a financial crisis. However, every year thousands of individuals are faced with this choice of filing for bankruptcy due to the protection it gives them to reorganize their lives and businesses. This may sound good on the face of it, but in reality, filing for bankruptcy severely restricts your purchasing power, as individuals must make stringent changes to get out of debt. In addition, filing for bankruptcy remains on your credit record for at least ten years.
There are some …
March 2, 2010
Author: William M. Davis
A lot of folks are carrying large amounts of debt nowadays. The global economy is now in recession, and this does not look like it will be changing in 2010. There are many methods smart people use to be debt free.
The Worst Debt
The kind of debt that the average person carries is credit card debt and it is probably the most damaging. The interest rates and hidden fees are a real crippler. These cards can be flipped out on a whim, and it is very easy for this debt to stack up. A $20.00 meal can turn …
February 9, 2010
Author: William M. Davis
Credit cards play a vital role in helping millions of Americans and small businesses to get by with daily life and daily business activities. For years consumers have been complaining about the unfair credit card practices and wanted a change. The new credit card law, which promises that consumers will be treated fairly and credit terms would be made easier to understand and not mislead consumers, should put an end to the frustration most consumers have had to deal with for years-at least for now.
As president Obama stated “The law is for people who found out those credit cards …
February 8, 2010
Author: William M. Davis
What was your New Year resolution for 2010? At the beginning of each year most of us make new year resolutions like, spend less, lose weight, cut back on eating out, save money and the list goes on and on, but our ultimate goal really is to get more money or at least save more money.
Well, if you haven’t find a way to make more money by now, then your next best bet is to find ways to spend less and save more.
Saving money is not an easy task, especially when we are used to a certain lifestyle. However, …
December 24, 2009
Author: William M. Davis
Bankruptcy is one of the worst things you can have on your credit report. However, almost anyone can get credit after filing for bankruptcy. It’s just a matter of knowing how to do it.
Two Things to keep in mind after you Filed for Bankruptcy:
Use credit to get credit – Buying everything with cash will not help you to rebuild your credit score, but it is definitely a smart choice. However, if you want to rebuild your credit, you have to get credit and use credit to rebuild your credit score. If you make your minimum monthly payments on …