Every body remembers the Bankruptcy reform act of 2005. It was supposed to severly cut back on the amount of bankruptcies and make it harder to file for one. But did it work?
Credit Slips has a powerful article on that very subject. As we can see from their inset table and the text, bankruptcy filings [...]
Ever catch yourself looking for a credit card besides the ones you get offers for in the mail? A really good card with great rewards? Great cash back? Amazon Points? 12 months no interest on Balance transfers?
You can visit each credit card site individually and do your research. Or you [...]
We’ve all heard it about a million times. If you write “CID” or “Check ID” on the back of your credit cards, the person taking the card is supposed to check for a signature and see that then check your ID to verify it’s you.
In actuality, by doing so, you’ve made your credit card [...]
Chances are you’ve heard the advice a couple of hundred times that if you call a credit company and threaten to close your account, they will try and keep you by reducing rates and increasing credit limits. When did that become a myth?
In the past week, my wife and I have closed three of [...]
So, you’ve toiled and toiled to improve your credit score and it doesn’t seem to be helping. You’ve made more money. Made bigger payments. Still the score just crawls up. Wanna know the thing that will improve your credit score the most? Of course you do. I did.
30-40% of [...]
The big three credit reporting agencies agreed to implement a unified credit scoring system today.
Dubbed “VantageScore”, it should start being used later this year. The new system has 5 tiers and a letter grade that is associated with each ranging from A at the top down to F at the bottom. Like often happens E [...]
My wife and I finally decided that if we didn’t replace the fridge that came with our house, that it would fail at the most inopportune moment. Since we live in an extremely limited town and only really had one choice for appliance shopping, we headed up to Sears to make the purchase. [...]
Officially launched on February 5th, 2006, Prosper.com is the U.S. sister site of London, U.K. based Zopa.com. Prosper can be defined as a Social Lending Marketplace.
A snippet from the Techcrunch Review:
It generally takes 2-4 days to close a loan, according to Prosper. However, a borrower can request an expedited loan, which will take the first [...]
Debt consolidation is one of the most popular topics on the web. Nearly everyone has debt and nearly everyone has debt in more than one place. So why not consolidate all that debt into one payment to one place? Obviously the benefits are many. You get the added advantage of having [...]
What do your minimum payments have to do with your Credit? First if you make your minimum payments all the time and they are on time, your credit will increase slightly. The problem is that it will only increase slightly.
Use the credit system to your advantage. Pay more than the minimum payment. [...]
