As the number of credit card holders increases, so do the number of complaints against credit card companies. Consumers have been experiencing a high number of scrupulous business practices by credit companies, leaving many in debt beyond their means of resolution. Forced to seek debt settlement options or bankruptcy, many consumers have fought for years  … Read more

In general, co-signing on a credit card is not a good idea. If the first responsible party defaults on the debt, you will be held liable for repayment. However, there are times that offering up yourself as partially responsible for the line of credit is needed. Many first time borrowers, such as college students, may  … Read more

As college students are flooding college campuses, credit card companies are filling mailboxes with enticing offers for first time credit applicants. Many young adults today haven’t been taught how to use credit wisely and stay out of debt. With the new freedom of entering adulthood come many responsibilities first time borrowers may not be prepared  … Read more

People experiencing financial hardships are caught between a rock and a hard place. When creditors are calling or sending threatening letters, a debtor may have little recourse to protect themselves. Filing for bankruptcy provides protection against creditors while working towards debt resolution. An automatic stay is an order issued to cease all collection efforts when  … Read more

Many of us try to stay in touch with our credit score. For those that have had financial troubles in the past, monitoring your Debt To Income Ratio One of the most overlooked aspects of your credit standing is the amount of debt you are carrying in relation to the amount of income you have.  … Read more

Filing for bankruptcy does affect your credit. A bankruptcy can stay on your credit report for up to 7 years. This does not mean that you will have to wait 7 years to obtain credit again, or that you will be suffering from credit damage after bankruptcy. Many credit companies are willing to provide people  … Read more

If you have any past due accounts, you have experienced the torment of a creditor.  Harassing phone calls, notices marked with a scarlet stamp reading “Past Due” and threatening collection letters.  Many people are sinking further into debt and trying to make minimum payments to avoid defaulting on their accounts, while worrying about the next  … Read more

  We often hear new stories about someone becoming a victim of identity theft and the importance of keeping vigilant against this terrible crime. To prevent us from having our identify stolen, credit reporting agencies suggest checking your credit report often to monitor any changes in your credit activity. Companies offer shredding services to help  … Read more

Summertime is one of the biggest seasons for retail stores and tourist destinations. People are buying clothes to keep them cool in the warm weather, and popular vacation spots are sold out of hotel and lodging accommodations. Families tend to overspend each year on vacation buying expensive hotels, fancy meals and lots of souvenirs. To  … Read more

When you fall into debt there are many ways creditors can try to claim their money. Creditors often bombard debtors with harassing phone calls, threatening letters and negative hits to their credit report. But did you know that creditors have a legal right to claim your paycheck before you see a dime of it? It’s  … Read more