Credit/Debt Management: Most Popular Articles
Keep your online account safe. If you're using any of these terrible passwords for your online credit card account, change them right away.
If you're suffering with bad credit, you're not alone. Many people with bad credit have a hard time finding a credit card. Here's how you can get a credit card even if you have bad credit.
Getting your first credit card is a big step, that's not as easy as you'd think. Here are some tips on how and where to get your very first credit card.
Renting with bad credit can be easy or hard depending on where you're looking. Find out how to get around the credit check and rent an apartment even with bad credit.
Each state has its own statute of limitations on debt - the amount of time you can be sued for a debt - that can help you decide whether to make a payment or arrangement with a debt collector.
The statute of limitations on a debt keeps debt collectors from winning a lawsuit. The limit varies by state and depends on the account's last date of activity.
Use this sample pay for delete letter to negotiate removal of negative collection accounts and charge-offs from your credit report. Customize the letter to fit your situation.
Bad credit isn't permanent. There are things you can do right now to improve your credit score. Get tips to raise your credit score from bad to good.
Collectors hassling you for payment? There are consequences to ignoring their attempts to collect. Learn what happens if you don't pay a collection.
A credit card charge-offs is one of the worst things that can happen to your credit. When you're working on credit repair, taking care of charged-off accounts helps improve your credit score.
After repairing bad credit, you need to rebuild it, prove to your creditors that you can pay your bills on time. Learn what it takes to rebuild bad credit and improve your credit score.
Technically, debt collections are supposed to stay on your credit report for seven years. But, there are a few ways to remove debt collections before that time comes.
You can use a goodwill letter in credit repair to request a creditor make a courtesy update to your credit report. Learn how to create your own goodwill letter.
Before you pay off a collection account, first negotiate with the debt collector to have your credit report updated to something that works in your favor. As you work with debt collectors to negotiate a payment, keep in mind what you and the collector want from the deal.
Being able to rid your credit report of negative credit report information can help improve your credit score by dozens of points or more. Here are some techniques for removing negative information from your credit report.
Getting a credit card with no credit history is tough, but not impossible. Find out how to get approved for a credit card when you have no credit.
Guidelines for using credit cards the right way. Learn the way to use - and not to use - your credit card.
I've been using Credit Karma for years to get my free credit score. I've never given my credit card number and never paid for the free credit score. Learn how you can get yours.
There are many different types of loans. When you're shopping for a loan, it's important to know the types of loans that are out there.
Your credit card comes with the ability to take out a cash advance, but this type of transaction might be the worst of all. Learn why you should avoid a credit card cash advance.
Making late credit card and loan payments will definitely hurt your credit score, but there are some late payments that will never see your credit report. Learn what things won't hurt your credit score.
Debt collectors don't always follow the rules. Here's some information that will help you deal, or not deal, with collection agencies.
Closing a credit card might seem like a solution for a problem with your creditor or the card itself. But closing the wrong card could hurt your credit score.
The Credit One Bank Visa Platinum Card charges high fees and high interest rates. It is aimed at people with poor credit or limited credit history.
Find out how to remove your name from a cosigned loan, even if your name was forged on the loan.
Payment history is 35% of your credit score, but does that include bank overdrafts? Learn whether overdrafting your bank account will hurt your credit score.
You have the right to dispute credit report errors with the credit bureaus. Learn how to submit a credit report dispute to clean up your credit report.
To stop debt collection calls, you must send a cease and desist letter. Use this cease and desist letter template to stop debt collection calls.
Debt validation is your right question the validity of a debt collection. If the collector can't validate the debt, they can't collect from you.
A written contract is an agreement made on a printed document that has been signed by both the lender and the borrower.
An open-ended account is an account that has a varying, revolving balance, like a credit card, for example.
Your debt to income ratio indicates your level of debt. Learn how to calculate and analyze your debt to income ratio.
There are a few ways you can find out which collection agency you owe. If you can't find them, they'll eventually find you.
Your credit score moves up or down based on the information on your credit report. Here are some actions that can hurt your credit score.
Some debts may still appear on your credit report even after the statute of limitations has expired. You may be able to remove them if the credit reporting time limit has also passed.
Student loans are a heavy burden for many college graduates. There are many student loan forgiveness programs that might eliminate some or all of your student loan debt.
Here are a variety of sample credit letters you can tailor and send to credit card companies, debt collectors, and other credit bureaus.
Credit repair isn't a secret skill or process only available to credit repair companies. You have the power and the right to repair your own credit.
Customize this sample goodwill letter to ask creditors to remove negative information to from your credit report.
How worried do you have to be about a call or letter from a debt collector or a debt collection on your credit report?
Opening a new credit card account may have a negative effect on your credit score. However, the point loss may be temporary.
There are hundreds of credit card pay off calculators on the internet. Here is a list of the best.
If you want to avoid credit card charges from FreeCreditReport.com, you have to cancel your account before the trial period ends.
There are many possible reasons a credit card application could be denied. Your credit card application could be denied because of your credit or because of something that's not even on your credit report. Here are some possible explanations for your credit card application being denied.
Debt collection calls are usually unwanted and can border harrassment. The FDCPA, a federal law, give you rights that help you stop debt collector calls.
How long does negative information stay on my credit report? The credit reporting time limit keeps negative information on your credit report for a minimum of seven years, with some exceptions.
Whether to pay an old debt is a common dilemma. If it's still on your credit report, there are more reasons to pay the old debt than there are to not pay it.
Finding the right credit cards for rebuilding bad credit is key to improving your credit score.
Be careful about taking certain actions on a dormant account. You could restart the statute of limitations and give creditors more time to sue you.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Missing credit
The statute of limitations on debt in Florida limits the amount of time a consumer can be sued for a debt.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >If you're wondering
The California statute of limitations on debt limits the amount of time you can be sued for an overdue debt
Don't be confused by all the different credit cards. Get familiar with the different types of credit cards to choose the right one for you.
Answers to some of the most important questions about the statute of limitations on debt and how long certain debts can be collected.
The minimum age to get a credit card is an important thing to know. Technically, you can get a credit card at 18, but you may have to wait a little longer than that.
Credit card issuers have criteria they use to decide which applicants qualify for a credit card.
Trying to figure out why your credit score dropped? These are some possible explanations for a drop in your credit score.
The Fair Debt Collection Practices Act, FDCPA, dictates how debt collectors can act when collecting a debt from you. Find out what debt collectors can and cannot do.
Debt validation requests should be made in writing. Here is a sample debt validation letter you can send to collectors.
Your credit history affects everything from buying a home to financing your education and even getting a job. Do these things to build good credit.
Maxing out your credit card happens when your credit balance is very near, at, or above your credit limit. Here's why a maxed-out credit card is such a bad thing.
You can prevent identity theft by freezing your credit report. You must freeze your credit report at each credit bureau as there’s no centralized way to freeze all three credit reports.
The period of time between your credit card billing statements is called a billing cycle. Billing cycles may not necessarily line up with calendar months.
There are generally two ways to avoid paying interest on your credit card. You can avoid paying interest if you pay the balance in full at the end of the month or if you have a zero percent interest rate promotion.
Having a credit card application denied is discouraging, to say the least. If your credit card application is denied, here are some things you can do to improve your chances at getting a new credit card.
There may come a month when you don't have enough money to make your credit card minimum payment. Find out what you can do to maintain your credit score, interest rate, and relationship with your creditor.
There are three major credit bureaus that compile your credit report information.
How to apply for credit for the first time. The steps you should take and what to watch out for.
Bankruptcy is notorious for being one of the worst things for your credit, but just how far will your credit score drop if you file bankruptcy?
Even though debt settlement may promise to reduce your debt, they can't promise to keep your credit in tact at the same time. Find out how debt settlement works and why it may not be the best solution.
Get a better understanding of how the credit card billing process works from making purchases to making payments.
Not every credit card issuer charges an annual fee and some let you get the fee waived. Don't automatically walk away from a credit card with an annual fee - the cost may be worth it.
Several things will happen if you stop paying your credit card and, in the long run, none of them will be good. Before you stop paying your credit card, look at some alternatives.
Stumped on how to pay back your credit card debt? Here are two methods that will work.
Missing credit cards should be reported as quickly as possible to reduce your liability. Find out what steps you should take when your credidt card has been lost or stolen.
The crucial factor in figuring out whether the statute of limitations has expired is to determine when the clock started ticking.
The Capital One Classic Platinum Credit Card is for people with weak credit. It charges relatively low interest rates but a high annual fee.
A promissory note is a written contract that includes a specific promise to pay.
Secured loans are different from unsecured loans in one key way. Secured loans require you to use an asset to secure the loan.
Your credit card balance has a big impact on your credit score. Learn what happens when you have a big balance and find out the ideal credit card balance for a good credit score.
Follow these steps to remove old, outdated information from your credit report after the 7- or 10-year credit reporting time limit has expired.
LifeLock's identity theft protection service is an alternative to credit monitoring and costs $10 a month or $110 a year. Is it worth the money?
Debts can fall into one of two categories: secured and unsecured. It's important to know the difference before you borrow.
Personal loans are unsecured loans that have a fixed amount, interest rate, and repayment period.
The FDCPA is a Federal law that dictates when debt collectors can legally call you.
Since so many businesses now judge you based on your credit score, having bad credit can make life extremely difficult from getting a job to getting a place to live. Here are some of the most common side-effects of bad credit.
If you spot unauthorized credit card charges, you should report them immediately, regardless of the amount, even if you haven't lost your credit card.
Credit utilization is the ratio of your credit card debt to credit limits. It has the second biggest factor influencing your FICO score.
The average daily balance method is one of the ways your creditor might calculate your finance charge. Find out how the calculation works.
Use this free debt-to-income ratio calculator to tell whether you have too much debt.
Prepaid credit cards are simply Visa, MasterCard, or American Express branded gift cards that are loaded with money and used as credit cards where credit cards are accepted.
If you haven't used your credit card in awhile, here's why your credit card issuer might close your account and what you can do about it.
Funding your debt plan might be hard if you depend on your current income. Here are some ways you can come up with extra money to get out of debt.
The statute of limitations limits the amount of time you can be sued for a debt, but it's up to you to prove the SOL has actually expired.
You can use this letter to close your credit card.
The two major types of personal bankruptcy for consumers are Chapter 7 and Chapter 13. Chapter 7 allows you to discharge debt after some assets have been liquidated. Chapter 13 allows you to discharge debt after completing a payment plan.
The minimum payment is a convenience credit card issuers give, but it can come at a high cost. Paying more than the minimum is always better.
Wage garnishment is when your employer withholds part of your paycheck to satisfy a court order requiring you to repay a debt. The Consumer Credit Protection Act regulates wage garnishment and limits the amount you can be garnished.
Not all credit report inquiries have an effect on your credit score. Learn the different inquiries and what they mean for your credit.
The mini Miranda is a statement debt collectors are required to use when they contact you about a debt. Mini Miranda isn't the official name of this section of the Fair Debt Collection Practices Act.
A sample credit report dispute letter you can use to dispute information from your credit report with the credit bureaus.
Credit reports aren't very easy to understand. Use this sample credit report to help you learn how to read a credit report.
You have several options to deal with medical debt that you can't afford to pay in full. Explore your options to avoid filing bankruptcy.
The First Premier Bank Gold MasterCard, Centennial Gold MasterCard, Aventium Gold MasterCard, Applied Bank Gold Visa Card, Applied Bank Gold Match Plus Visa Card, and Credit One Bank Visa Platinum Card charge high interest rates and fees to people with bad or poor credit.
Once you make your way to a good credit score, keep it is important. Here are seven ways to maintain a good credit score.
If you don't like your current credit standing, check out this list of things that can boost your credit score.
Ever wondered what all types of information appear on your credit report. Here’s a list of ten things that are on your credit report.
Many credit scores range from 300 to 850, but what does your credit score mean? Learn how to read your credit score.
Depending on who you ask, the best number of credit cards ranges from none to a wallet full of them. Here are the signs that you may have too many.
If you haven't used your credit card in a long time, you may wonder if your credit card is still active. Here's how you can find out whether your card issuer has deactivated your credit card.
Scammers may use text messages to steal your credit card information. Here are a few ways to quickly spot a text message credit card scam.
an oral contract is an agreement that was made verbally
If you want to pay off your debt but you don't know where to get started, follow these seven steps to get out of debt.
Learn how to order your credit report for free and with a credit card. Discover how to watch out for free credit report scams.
A secured credit card can help you re-establish your credit history if you have bad credit and you find it hard to get approved for a credit card.
Federal law limits the amount your wages can be garnished. Make sure your wage garnishment doesn't exceed the maximum allowed limit.
A secured credit card is a alternative for people who can't get approved for a regular credit card. That includes those with bad credit and brand new credit.
If you want a lower rate on your credit card, but can't figure out how to ask for it, here are five things you can ask to ask for a lower interest rate.
Even though the statute of limitations has expired on a debt, you are still legally responsible for paying the debt. However, the creditor or collector no longer has the liberty of using the court to force you to pay.
Understanding your credit score calculation can help you use credit wisely. Find out what goes into calculating your credit score.
A balance transfer can come in handy when you want to pay a lower interest rate on your credit card balance. However, a balance transfer could affect your credit score. Here's how.
The statute of limitations on debt in Georgia puts a time limit on the amount of time you can be sued for a debt.
The Wells Fargo Secured Card is for people who don’t have a credit history, have been turned down for credit card or are rebuilding their credit history.
When a debt collector calls, it's not the time to get angry or defensive. Stay calm, get ready to take notes, and only talk when it's convenient for you.
Work to rebuild your credit after a serious delinquency like a collection or charge-off.
Credit card skimming is a type of credit card fraud that can be difficult to detect until fraudulent charges have been made. Learn how to avoid credit card skimming.
Credit card fraud can a be time consuming to get over. You can avoid credit card fraud by following steps to keep your credit card information safe.
The Arizona statute of limitations on debt limits the time you can be sued for a debt.
There are two types of credit report inquiries - hard inquiries and soft inquiries. Soft inquiries don't hurt your credit score while hard inquiries do.
When you put in a credit card application, you want to receive a decision as quickly as possible. While you may sometimes get a decision instantly, that's not always possible.
Most credit cards come with a monthly finance charge. Learn more about this common credit card fee.
Many loans offered to people with bad credit are actually scams that can leave you out of hundreds or even thousands of dollars in fees. Some bad credit loans actually never come through.
You've heard the late-night jingles about going to freecreditreport.com. Is it a scam or do you really receive a free credit report?
The Capital One Secured MasterCard has a high annual fee and a high APR. You might choose the Capital One Secured MasterCard if you have bad credit or no credit that keeps you from getting a standard credit card
Making a budget is the first step to paying off your debt. You won't be able to get out of debt and stay out if you're not good at managing your money.
Before you call your credit card company, learn what will happen to your credit score if you close the card.
The Capital One Standard Platinum Credit Card is for people with poor credit. It carries a low annual fee that is waived the first year but has high interest rates.
You can remove a closed account from your credit report by disputing it if the account is actually open or if the account includes negative information that's passed the credit reporting time limit.
Here are a few ways to get a free credit score no credit card, no subscription, no strings whatsoever.
The statute of limitations on debt in Alabama puts a time limit on the amount of time you can be sued for a debt.
Once you pay a debt collection take a few extra steps to make sure the collection account is completely satisfied.
The statute of limitations on debt in Texas limits the amount of time you can be sued for a debt.
There are certain things you need to know before you start using credit cards. Here are some tips to prepare for a credit card.
Debt collectors might continue to contact you after the statute of limitations has passed on a debt. However, you can stop them from calling by sending a letter. Be careful not to acknowledge ownership of the debt as that can restart the clock on the statute of limitations.
Making your child an authorized user on one of your credit cards can help boost their credit score. Consider these things before you call your card issuer to change your account.
Whether you're engaged, already married, or just thinking about marriage, you should know how marriage affects your credit and the credit of your partner.
Here are some tips to get you started with your first credit card.
Federal law gives you the right to order a free annual credit report from each of the three credit bureaus. Learn the right way to order your annual credit report and avoid free credit report scams.
The best student credit cards come from Wells Fargo, Capital One, Discover, U.S. Bank, Bank of America and Citigroup. These best student credit cards carry no annual fees, low APRs, and some have good rewards programs.