We all tend to be overly concerned about our credit score, and for good reason. From securing a mortgage loan to simply getting the best out of your credit cards, your credit score is highly important. While many of us are aware of the damaging effects of missed payments and high balances, some of us  … Read more

Whether you are applying for a credit card or mortgage loan, getting the best deal on the terms of your line of credit is important. No one wants to waste hundreds to thousands of dollars in outrageous interest rate fees, but getting a good deal isn’t always easy. The credit system is extremely sensitive to  … Read more

Many people assume that they cannot get a mortgage loan if they have bad credit or recently filed for bankruptcy. While lending standards are not what they used to be, it is still very possible to get a mortgage loan with less than perfect credit. The trick is representing yourself in the best light possible,  … Read more

One of the biggest concerns people have about filing for bankruptcy is the effect on their credit. Most people don’t realize it is not the bankruptcy that damages their credit, but their high debt balances and the delinquent status on accounts. However, anytime major changes have taken place regarding your debts it is important to  … Read more

Many people worry about their credit score and look for easy ways to improve their credit standing. This is especially true for someone who has filed bankruptcy, as their credit probably took a hit when their payments became delinquent prior to filing. While there may be some legitimate ways to give your score a boost,  … Read more

Bankruptcy can provide great relief from unsecured debts such as credit cards. However, the help offered by bankruptcy should not be abused and is typically reserved for those experiencing financial hardships. After a bankruptcy, borrowers should proceed with caution when seeking to obtain a credit card or line of credit. Becoming A Responsible Borrower Some  … Read more

As credit card debt continues to soar, the average credit score has begun to drop. Once a common source of pride among many Americans, a credit score says a lot about your financial situation. Too much debt or delinquent accounts lowers your score flagging you as a potential credit risk. It seems as though many  … Read more

It seems odd to think that a lender would be cautious to give out a loan to someone who had a paid off their mortgage. A  lower debt burden should mean less risk, right? Unfortunately, this isn’t always the case. Paying off your mortgage is great in the sense that you no longer have to  … Read more

The USPS has been experiencing financial challenges for years now. The advancement of technology has reduced the need for paper and pen mail, and the USPS has had to increase consumer costs in efforts to stay profitable. With so many people depending on postal services to transport mail each day, the threat of bankruptcy puts  … Read more

Credit scores can be a sore subject for many people. People often are surprised to find out their score is lower than expected, mainly because they simply don’t know what all their score is made of. When it comes to managing your money and staying out of debt, the best tool you have is to  … Read more