Credit counseling is a service offered by nonprofit organizations, called credit counseling agencies, or credit counselors. Credit counselors work with you to develop a plan to reduce and repay your debt. These plans can be tailored to fit your situation and are often free. Credit counselors often work to negotiate lower interest and fees with  … Read more

This New Year is one like none other. For most people, improving their finances is a resolution that is set this time each year. However, this year a record number of Americans are facing higher than ever before credit card balances and problems making ends meet. Fortunately, there are some solutions to wipe out those  … Read more

With employment numbers looking positive across a number of sectors in addition to lower taxes, numerous Americans have found themselves with extra money. For those who are carrying credit card debt, you may be wondering whether you should place it in saving or pay down that credit card balance. While every person’s financial situation is  … Read more

A credit counseling agency is sometimes sought out as an alternative to filing for bankruptcy. When you go to a credit counselor, you can expect them to review your financial situation and help you structure a plan to completely pay off your debt. A credit counseling agency will work to set up what’s called a  … Read more

In the past the question of whether or not filing for bankruptcy could impact your career would be a non-starter. Very few job postings would entail the process of a credit check. Unless you were attempting to secure a position in a bank, money management or government position that held responsibilities for the disbursement of  … Read more

After filing for foreclosure, it is important to understand the effects it will have on your credit score and future financial situation. While you won’t be knocked down forever, a foreclosure will put a pretty serious dent in your score. Speaking to a financial adviser can go a long way in helping you understand and  … Read more

For too many people, credit score is some arbitrary number that exists somewhere out in the cosmos and comes down from time to time to affect their ability to get a loan. In fact, your credit score is a derived formula from a number of different credit factors, and knowing where the number comes from  … Read more

Applying for new credit can be an intimidating prospect. Many people know that each time your credit history get checked, it affects your overall credit rating in the negative, so it’s understandable to have a little trepidation about what credit you apply for. Here are some credit tips that will have you applying for new  … Read more

If you are stuck with a heaping helping of credit debt and don’t have the appetite for it, you may not be able to see your way past the mountain to a time when you will want to get your credit score back to respectability, let alone perfection. But the fact of the matter is  … Read more

Too many people seem to see their credit score as an arbitrary number, unconnected to financial reality, too complicated to understand. Nothing could be further from the truth; and the fact is that this number, your credit score, influences many major financial events in your life, not least among them your mortgage and the interest  … Read more