Credit and debt are central to a modern economy. For better or worse, when borrowing is robust, other financial indicators often follow suit. However, debt that is unmanageable can seriously disrupt--if not destroy--household solvency. For this reason, as well as for their own protection, financial institutions carefully underwrite loan applications, determining whether or not a borrower can comfortably absorb monthly … [Read more...]
What Is the Fair Debt Collection Practices Act?
What Is the Fair Debt Collection Practices Act? In an era where consumers rely heavily on credit for purchases, it is no surprise that a number of them fall short on making the required payments. Among high finance charges, unexpected outlays and unstable employment, borrowers come under increased pressure to gather enough money for both existential needs and debt satisfaction. In the face of hostile and aggressive … [Read more...]
Buying a house after Bankruptcy
Buying a house after bankruptcy is very possible Buying a house after bankruptcy can be a tremendous task for those who are just coming of out a financial disaster. There are many hurdles that need to be addressed concerning credit recovery. One question that seems to remain on people’s minds, is will they be able to purchase a home after filing for bankruptcy? For most people coming out of bankruptcy the goal is to … [Read more...]
The Best Financial Goals for Your Financial Freedom
The Best Financial Goals for Your Financial Freedom In order to achieve total financial freedom and independence, there are a couple of financial goals that you will need to set yourself to accomplish. Financial freedom is fully reachable for anyone who determines in their heart to get there, and it is wise to set goals for yourself to have a sense of success along the journey of getting there. In this article, we … [Read more...]
My relative has bad credit – Should I cosign?
My relative has bad credit - Should I cosign? Should I cosign? Before you cosign on a loan let's be clear what it is. What is cosigning? It is the act of signing on another person's debt with them, (a car, house, any type of loan) guaranteeing that the cosigner will make the payment in case the buyer cannot. In this article, you will learn the pros and cons of cosigning, what a cosigner does, and why someone needs a … [Read more...]
Estimate Your Taxes With A Tax Bracket Calculator
Estimate Your Taxes With A Tax Bracket Calculator Know Before You File With A Tax Bracket Calculator Uh-oh, It's the end of the year or worse yet April 15th is creeping up on you may be wondering, what is my tax liability for last year and how can I lower my tax burden to the IRS. Well, with a tax calculator and a little understanding about deductions you will be in a much more informed and strong position figuring … [Read more...]
Debt Management For Veterans
Debt Management For VeteransVeterans Have Access to Great Debt Management Options Debt consolidation statistics show that Americans have a long history with debt, while veterans and military personnel are no exception. The studies show that military personnel generally carry more personal debt than civilians, with a quarter of military personnel with credit card debt owed of $10,000 or more, compared with only 11% of … [Read more...]
Should You Get Secured Credit Cards?
Should You Get Secured Credit Cards? Secured credit cards can be a valuable tool in building credit Secured credit cards, also known as no credit credit cards, are an excellent option for a person who has no credit or is establishing credit. For many people in these situations, a secured credit card is their only option. Over time, a secured credit card will make it possible for people with credit issue to qualify for … [Read more...]
Can You Get Unsecured Loans with Bad Credit…
Can You Get Unsecured Loans with Bad Credit... Unsecured Loans Money and creditors are tight these days and with the number of jobs going away and downsizing putting many out of work. It is sometimes necessary for you to get a little help in the form of a loan. However, with the financial climate being what it is today. Banks are very reluctant to unlock the doors to their vaults and release their cash to the … [Read more...]
Unsecured Credit Cards for Bad Credit
Unsecured Credit Cards for Bad Credit A bad credit score has the ability to harm a person's financial security and overall value of life. Most people might not realize this but their credit rating reflects their financial reputation. People with a bad credit score are probably not good at managing money or have had a major unexpected shock to their economy. Once a lender finds out about this, chances are they will not … [Read more...]