You probably know by now that your credit report is one of the most important financial documents in your life – the contents of your credit report can determine whether or not you can qualify for a loan, get a job, sign up for a cell phone plan, and more. The good news is that [...]

A debt settlement is an agreement between a borrower and a lender which allows borrowers to repay a lender less than the amount they owe, and the creditor considers the debt paid off.  This might sound like a good way to pay off all your debts and quickly improve your financial situation, but it can [...]

Your credit report contains a variety of personal information about you and your credit history. Where you live, how promptly you pay your bills, and legal information such as whether or not you’ve ever had a judgment filed against you or filed for bankruptcy. But it is possible for incorrect information to be input into [...]

When a lender examines a loan application they look at several factors, among them the applicant’s credit score, income, and debt to income ratio (DTI). These numbers are important indicators of a person’s ability to repay the loan. It is easy to see why an applicant’s income is examined, and the applicant’s credit score is [...]

Did you know that many credit card companies will allow more than one person to use the card for purchases?  There are two primary ways this is done: via joint credit cards, and when a primary card holder allows another person to use the card, which is called an authorized user. The difference seems subtle, [...]

Do You know what is considered a good credit score? Your credit score is used by lenders to determine whether or not they want to risk lending you money. It’s also used by some employers when they’re deciding who to hire; landlords who are looking for tenants; and even the calculation of your car insurance [...]

My first experience building credit was with a credit card that I opened while I was attending college. Thankfully, I avoided the classic college mistake of maxing out the card in the first month of ownership, then living with debt for the next 10 years. My goal was to apply for the credit card, make [...]

Credit card debt can be a budget killer, especially with many credit card companies raising interest rates.It’s not uncommon for credit cards to come with interest rates around 15% or higher. It can take 10 years to pay off your credit card debt if you only pay the minimum on each card. Even if you [...]

Your credit report is one of the fundamental financial documents that represent your overall financial health. Your credit report is used whenever you apply for a loan, credit card, mortgage, and sometimes even a job or security clearance. Having a clean credit report, and a high credit score can save you thousands of dollars in [...]

Welcome to this week’s Carnival of Debt Reduction! For those not aware, a blog carnival is a gathering of top notch articles under one topic. The goal is to bring readers relevant and timely content so they don’t have to go searching through the web to find it. The Carnival of Debt Reduction is a [...]