New credit card rules went into effect in 2010, requiring that your monthly credit card statement include important information about how long it will take you to get out of debt if you only pay the minimum payment and what payment you need to make to become debt-free in three years. We show you how to use this information to your advantage to help you come up with an actionable “get out of debt plan” for the next three years.
Tag: consumer credit
More Americans are swimming in debt than ever before because of the struggling economy and a high national unemployment rate. Because of the increase in financial problems, there is also an increase in the demand for debt consolidation loans and the services of debt consolidation companies. The question is: should you be turning to these companies for help or is debt consolidation something you can tackle on your own?
Welcome to Quizzle’s Top Money Tips Roundup, where you’ll find this week’s top five most interesting, helpful and unique personal finance articles from around the Web. This week’s edition covers debt – how to get out of debt, how to break the debt-cycle, how to avoid getting into debt in the first place and how to wrap up your year financially.
Personal loans are unsecured forms of credit available to consumers for use in various circumstances. You can use them to pay bills, medical expenses, to make an investment, for leisure activities such as a vacation or honeymoon, for education, debt consolidation, home or car repairs; and the list goes on and on. While things are said to be getting better economically, there are still consumers who will need to take out a personal loan to secure their financial well-being. Here are some tips to better understanding how to know when your personal loan is a good fit.
Your credit score has never been so important. Lenders will check your credit score to determine whether or not you qualify for a new line of credit. Before lending you money, creditors want to know how risky you are as a borrower and how likely you are to pay back a loan on time. A tarnished credit score can be both stressful and costly. If you have already hurt your credit score with some wrong financial moves, then read on to learn about credit repair.
Chapter 7 bankruptcy can help end your financial nightmare, but also can bring new problems of its own once a judge finalizes your request. Learn how to start rebuilding your credit score right away so you don’t have to spend the next 10 years simply waiting for that dreaded bankruptcy notation to fall off of your credit reports.