Credit / Debt Management: Most Popular Articles
These articles are the most popular over the last month.
50 Statute of Limitations
Each state has its own statute of limitations on debt - the amount of time you can be sued for a debt. Before you respond to a debt collection find out the statute of limitations for your state
Each state has its own statute of limitations on debt - the amount of time you can be sued for a debt. Before you respond to a debt collection find out the statute of limitations for your state
Statute of Limitations
The statute of limitations on a debt keeps debt collectors from collecting on it forever. The limit varies by state and depends on the account's last date of activity.
The statute of limitations on a debt keeps debt collectors from collecting on it forever. The limit varies by state and depends on the account's last date of activity.
Rent With Bad Credit
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.
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.
Credit Report Dispute
You can remove credit report errors by submitting a a credit report dispute to the credit bureaus. Find out how to submit a credit report dispute to clean up your credit report.
You can remove credit report errors by submitting a a credit report dispute to the credit bureaus. Find out how to submit a credit report dispute to clean up your credit report.
Closing Credit Cards
Closing credit cards might seem like a solution for credit card problems. But closing the wrong card could hurt your credit score.
Closing credit cards might seem like a solution for credit card problems. But closing the wrong card could hurt your credit score.
First Credit Card
It can be tough finding that first credit card. Don't worry, there are many credit card companies who are willing to give credit to first timers.
It can be tough finding that first credit card. Don't worry, there are many credit card companies who are willing to give credit to first timers.
Credit Repair
There is nothing a credit repair company can do to fix your credit that you can't do yourself. Save your money and repair your credit yourself.
There is nothing a credit repair company can do to fix your credit that you can't do yourself. Save your money and repair your credit yourself.
Sample Cease and Desist
To stop debt collection calls, you must tell the debt collector in writing. Federal law requires that debt collectors stop attempting to contact you as requested by a cease and desist letter.
To stop debt collection calls, you must tell the debt collector in writing. Federal law requires that debt collectors stop attempting to contact you as requested by a cease and desist letter.
Stop Collection Calls
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.
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.
Rebuild Bad Credit
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.
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.
Charge-Off Explained
Ever see the words "charge-off" on your credit report and wonder what they mean? When your account has been charged off, it's the creditor's way of saying it doesn't believe you're going to repay the balance.
Ever see the words "charge-off" on your credit report and wonder what they mean? When your account has been charged off, it's the creditor's way of saying it doesn't believe you're going to repay the balance.
sampledispute
A sample credit report dispute letter you can use to dispute information from your credit report with the credit bureaus.
A sample credit report dispute letter you can use to dispute information from your credit report with the credit bureaus.
Pay Off Collection
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.
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.
Pay Old Collection
When a debt collector contacts you to pay an old collection, you might wonder if it's worth paying, especially if the statute of limitations has run out.
When a debt collector contacts you to pay an old collection, you might wonder if it's worth paying, especially if the statute of limitations has run out.
Debt Validation
Debt validation is your right to have the debt collectors prove you owe what they say you owe. If the collector can't validate the debt, they can't collect from you.
Debt validation is your right to have the debt collectors prove you owe what they say you owe. If the collector can't validate the debt, they can't collect from you.
Open-Ended Account Definition
an open-ended account is an account that has a varying, revolving balance
an open-ended account is an account that has a varying, revolving balance
How To Get Credit
Guides first time credit applicants through the steps of obtaining new credit including where to look and things to watch out for.
Guides first time credit applicants through the steps of obtaining new credit including where to look and things to watch out for.
Hurt Credit Score
Your credit score is an important number. It's how creditors and lenders quickly decide if you are creditworthy. Even though there are quite a few things that can hurt your credit score, those that occurred most recently have the greatest effect on your score. Once activity falls off your credit report, it no longer effects your credit score. In the meantime, these 15 things will cause some damage to your credit score if they appear on your credit report.
Your credit score is an important number. It's how creditors and lenders quickly decide if you are creditworthy. Even though there are quite a few things that can hurt your credit score, those that occurred most recently have the greatest effect on your score. Once activity falls off your credit report, it no longer effects your credit score. In the meantime, these 15 things will cause some damage to your credit score if they appear on your credit report.
Secured Credit Card
Secured credit cards are good for establishing or re-establishing credit. Before you apply for a secured card, make sure to get the important facts about the card.
Secured credit cards are good for establishing or re-establishing credit. Before you apply for a secured card, make sure to get the important facts about the card.
Written Contract Definition
a written contract is an agreement made on a printed document that has been signed by both the lender and the borrower
a written contract is an agreement made on a printed document that has been signed by both the lender and the borrower
Worst CR Entries
Certain things you never want to appear on your credit report because they damage your chances of getting applications approved. Find out six of the worst credit report entries.
Certain things you never want to appear on your credit report because they damage your chances of getting applications approved. Find out six of the worst credit report entries.
Minimum Payment Increase
Chase recently announced a minimum payment increase to some credit cardholders. More card issuers could follow. Here's what you can do about an increased minimum payment.
Chase recently announced a minimum payment increase to some credit cardholders. More card issuers could follow. Here's what you can do about an increased minimum payment.
Statute of Limitations FAQ
Answers to some of the most important questions about the statute of limitations on debt and how long certain debts can be collected.
Answers to some of the most important questions about the statute of limitations on debt and how long certain debts can be collected.
10 Things To Improve Credit
Steps you can take today to improve your credit score.
Steps you can take today to improve your credit score.
Remove Collection
Having a debt collection on your credit report hurts your credit score. Since collection accounts stay on your credit report for seven years, your best option to repair your credit is to have it removed.
Having a debt collection on your credit report hurts your credit score. Since collection accounts stay on your credit report for seven years, your best option to repair your credit is to have it removed.
Pay for Delete Letter
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.
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.
Closed Cards and Credit Score
Thinking about closing a credit card? Before you pick up the phone to call your credit card company, take some time to learn what will happen to your credit score if you close the card.
Thinking about closing a credit card? Before you pick up the phone to call your credit card company, take some time to learn what will happen to your credit score if you close the card.
Deal With Collectors
In 2007, the FTC received more than 70,000 complaints against debt collectors - the third parties who collect debts for banks and other businesses. It goes without saying that debt collectors don't always follow the rules. Here's some information that will help you deal, or not deal, with collection agencies.
In 2007, the FTC received more than 70,000 complaints against debt collectors - the third parties who collect debts for banks and other businesses. It goes without saying that debt collectors don't always follow the rules. Here's some information that will help you deal, or not deal, with collection agencies.
FDCPA
Debt collectors aren't free to take whatever means necessary to collect a debt. In fact, they are governed by federal laws. Being aware of these laws helps protect you from the unscrupulous practices of certain debt collectors.
Debt collectors aren't free to take whatever means necessary to collect a debt. In fact, they are governed by federal laws. Being aware of these laws helps protect you from the unscrupulous practices of certain debt collectors.
FDCPA Violations
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.
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.
Late Payments
Missing a credit card payment may not seem like a big deal, but it definitely can be. Find out what your creditor does when you miss a credit card payment. Hint: the answer isn't "nothing."
Missing a credit card payment may not seem like a big deal, but it definitely can be. Find out what your creditor does when you miss a credit card payment. Hint: the answer isn't "nothing."
Credit Card Payback
Stumped on how to pay back your credit card debt. Here are two methods that will work.
Stumped on how to pay back your credit card debt. Here are two methods that will work.
Money for Debt
Making the decision to get out of debt is one thing. Coming up with the money to do it is another. Tap into all the resources you can to fund your get out of debt plan.
Making the decision to get out of debt is one thing. Coming up with the money to do it is another. Tap into all the resources you can to fund your get out of debt plan.
Credit Reporting Time Limit
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.
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.
Credit Score
Understanding your credit score calculation can help you use credit wisely. Find out what goes into calculating your credit score.
Understanding your credit score calculation can help you use credit wisely. Find out what goes into calculating your credit score.
Repair Charge-Off
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.
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.
Correctly Close Credit Card
How to cancel a credit card account the right way
How to cancel a credit card account the right way
Florida SOL
The statute of limitations on debt in Florida limits the amount of time a consumer can be sued for a debt.
The statute of limitations on debt in Florida limits the amount of time a consumer can be sued for a debt.
Do's And Don'ts
Guidelines for using credit cards the right way. Learn the way to use - and not to use - your credit card.
Guidelines for using credit cards the right way. Learn the way to use - and not to use - your credit card.
Rebuild With Secure Credit
If you’ve run into financial difficulty that resulted in damaged credit, you might find it hard to obtain new credit. A secured credit card can help you improve re-establih your credit.
If you’ve run into financial difficulty that resulted in damaged credit, you might find it hard to obtain new credit. A secured credit card can help you improve re-establih your credit.
When Can Collectors Call
Debt collectors seem to call at the most inconvenient times, don't they? What times are debt collectors really allowed to call you?
Debt collectors seem to call at the most inconvenient times, don't they? What times are debt collectors really allowed to call you?
Fix Bad Credit Report
The specific steps to credit repair depends on what's on your credit report. Here are some of the most common credit blemishes and information on fixing them.
The specific steps to credit repair depends on what's on your credit report. Here are some of the most common credit blemishes and information on fixing them.
Sample Validation Letter
Debt validation requests should be made in writing. Here is a sample debt validation letter you can send to collectors.
Debt validation requests should be made in writing. Here is a sample debt validation letter you can send to collectors.
Score Match
Score Match lists credit cards based on your credit score.
Score Match lists credit cards based on your credit score.
Respond to Rate Increase
When your interest rate increases, you’ll typically have an opt-out period allowing you to reject the interest rate change. There are some cases you might not want to close your credit card account because it will hurt your credit score. Here's what else you can do.
When your interest rate increases, you’ll typically have an opt-out period allowing you to reject the interest rate change. There are some cases you might not want to close your credit card account because it will hurt your credit score. Here's what else you can do.
Free Credit Report
Step by step instructions for ordering a a free credit report granted by the Fair and Accurate Credit Transaction Act
Step by step instructions for ordering a a free credit report granted by the Fair and Accurate Credit Transaction Act
Zombie Debt
The term "zombie debt" is often used to refer to old debt that's been brought back to life by debt collectors. Collection agencies purchase these old debts from companies in hopes of intimidating consumers like you into paying the debt.
The term "zombie debt" is often used to refer to old debt that's been brought back to life by debt collectors. Collection agencies purchase these old debts from companies in hopes of intimidating consumers like you into paying the debt.
Worst Credit Cards
There are a lot of bad credit cards out there. Learn to recognize the features of the worst credit cards.
There are a lot of bad credit cards out there. Learn to recognize the features of the worst credit cards.
Remove Collections From Report
Can I remove debt collections from my credit report? Find out if you can remove collections from your credit report.
Can I remove debt collections from my credit report? Find out if you can remove collections from your credit report.
Build Good Credit
Your credit history affects everything from buying a home to financing your education and even getting a job. Learn how to build a good credit history starting with your first credit card.
Your credit history affects everything from buying a home to financing your education and even getting a job. Learn how to build a good credit history starting with your first credit card.
Reporting Lost Credit Card
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.
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.
Debt Plan
Successful debt reduction starts with a plan. Learn how to put together a plan to get out of debt, decide which debts to focus on, and how to create a budget to get out of debt.
Successful debt reduction starts with a plan. Learn how to put together a plan to get out of debt, decide which debts to focus on, and how to create a budget to get out of debt.
Texas SOL
The statute of limitations on debt in Texas limits the amount of time you can be sued for a debt.
The statute of limitations on debt in Texas limits the amount of time you can be sued for a debt.
Make a Budget
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.
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.
Credit Bill of Rights
Signed by the President on May 22, 2009, the Credit Cardholder's Bill of Rights Act of 2009 will ban numerous predatory practices in the credit card industry, such as double cycle billing finance charges and interest rate increases on pre-existing balances.
Signed by the President on May 22, 2009, the Credit Cardholder's Bill of Rights Act of 2009 will ban numerous predatory practices in the credit card industry, such as double cycle billing finance charges and interest rate increases on pre-existing balances.
Debt To Income Ratio
Your debt to income ratio indicates your level of debt. Learn how to calculate and analyze your debt to income ratio.
Your debt to income ratio indicates your level of debt. Learn how to calculate and analyze your debt to income ratio.
Oral Agreement
an oral contract is an agreement that was made verbally
an oral contract is an agreement that was made verbally
Promissory Note Definition
A promissory note is a written contract that includes a specific promise to pay.
A promissory note is a written contract that includes a specific promise to pay.
Lower Interest Rate
Want a lower interest rate? Here's how to get your creditors to lower your interest rate.
Want a lower interest rate? Here's how to get your creditors to lower your interest rate.
Read Credit Report
Credit reports aren't very easy to understand. In this article, you'll find a detailed description of the information contained in your credit report.
Credit reports aren't very easy to understand. In this article, you'll find a detailed description of the information contained in your credit report.
Debt Validation FAQ
Debt validation is how you get debt collectors to prove you owe them the debt. Get answers to common questions about how debt validation works.
Debt validation is how you get debt collectors to prove you owe them the debt. Get answers to common questions about how debt validation works.
Dept Store/Gas Cards
Department store credit cards and gas credit cards are good for establishing credit. But, the terms and conditions make it hard to use these cards to your advantage. Find out how and how not to use department store and gas credit cards.
Department store credit cards and gas credit cards are good for establishing credit. But, the terms and conditions make it hard to use these cards to your advantage. Find out how and how not to use department store and gas credit cards.
Califoria SOL
The California statute of limitations on debt limits the amount of time you can be sued for an overdue debt
The California statute of limitations on debt limits the amount of time you can be sued for an overdue debt
Can't Make Payment
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 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.
Stupid Debt Payoffs
The easiest way to recognize a “stupid” debt repayment method is to think about whether the debt is actually paid off when the method’s complete. Here are some of the worst (and most costly) ways to “pay off” your debt.
The easiest way to recognize a “stupid” debt repayment method is to think about whether the debt is actually paid off when the method’s complete. Here are some of the worst (and most costly) ways to “pay off” your debt.
Debt Settlement
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.
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.
Credit Beginnings
Tips for first time credit card users
Tips for first time credit card users
SoL & Credit Reporting
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.
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.
Contact FTC
When your rights under any of the several consumer credit laws have been violated, like a FDCPA violation, you should contact the FTC to let them know.
When your rights under any of the several consumer credit laws have been violated, like a FDCPA violation, you should contact the FTC to let them know.
Inquiries & Credit Score
Not all credit report inquiries have an effect on your credit score. Learn the different inquiries and what they mean for your credit.
Not all credit report inquiries have an effect on your credit score. Learn the different inquiries and what they mean for your credit.
Marriage and Credit
Married or thinking about getting married? You’re probably wondering if and how getting married will affect your credit score. Will your spouse’s credit will affect yours or vice versa? In marriage, much of your life is combined; does that include your credit?
Married or thinking about getting married? You’re probably wondering if and how getting married will affect your credit score. Will your spouse’s credit will affect yours or vice versa? In marriage, much of your life is combined; does that include your credit?
Choosing Credit Cards
There are certain factors to consider in choosing a credit card. Get these key questions answered before you fill out that credit card application
There are certain factors to consider in choosing a credit card. Get these key questions answered before you fill out that credit card application
Sample Close Letter
You can use this letter to close your credit card.
You can use this letter to close your credit card.
How Many Credit Cards
The truth is, there's no single number of credit cards to prescribe to consumers. Instead, you have to think about your ability to pay your debts and manage your credit card payments.
The truth is, there's no single number of credit cards to prescribe to consumers. Instead, you have to think about your ability to pay your debts and manage your credit card payments.
FCRA
The Fair Credit Reporting Act is a federal law that details how consumer credit information can be collected, given out, and used
The Fair Credit Reporting Act is a federal law that details how consumer credit information can be collected, given out, and used
Sample SOL Letter
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.
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.
Credit Card Types
Learn about the different types of credit cards to choose the right one for you.
Learn about the different types of credit cards to choose the right one for you.
Garnished Wages
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.
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.
Lower Debt Payments
If your debt looks like a mountain and your budget feels like a shovel,at least one of these, possibly two or three, will work in your favor and help you get those debt payments to a manageable level.
If your debt looks like a mountain and your budget feels like a shovel,at least one of these, possibly two or three, will work in your favor and help you get those debt payments to a manageable level.
Close Paid Card
Paying off a credit card is a great accomplishment, especially if you worked long and hard to do it. What now? Do you leave the card open or should you close it?
Paying off a credit card is a great accomplishment, especially if you worked long and hard to do it. What now? Do you leave the card open or should you close it?
Double Billing Cycle
Explains the double billing cycle method of computing finance charges and demonstrates how it can be more costly for cardholders who want to pay their balance off quickly.
Explains the double billing cycle method of computing finance charges and demonstrates how it can be more costly for cardholders who want to pay their balance off quickly.
Non-Garnishment States
All states allow wage garnishment for child support and unpaid tax debts. Some states don't allow wage garnishment for creditor debts - North Carolina, Pennsylvania, South Carolina, and Texas.
All states allow wage garnishment for child support and unpaid tax debts. Some states don't allow wage garnishment for creditor debts - North Carolina, Pennsylvania, South Carolina, and Texas.
Average Daily Balance
The average daily balance method is one of the ways your creditor might calculate your finance charge. Find out how the calculation works.
The average daily balance method is one of the ways your creditor might calculate your finance charge. Find out how the calculation works.
Credit Card Tricks
Credit card companies look for sneaky ways to charge you more money, while you’re stuck wondering what happened. Here are some of their dirtiest tricks.
Credit card companies look for sneaky ways to charge you more money, while you’re stuck wondering what happened. Here are some of their dirtiest tricks.
Credit Karma.com
Credit Karma offers free credit scores. Learn how you can access your score through the site.
Credit Karma offers free credit scores. Learn how you can access your score through the site.
Rent After Foreclosure
Unfortunately, many homeowners are having their homes foreclosed leaving them to rent. Even though some landlords turn down renters with past foreclosures, there are ways to get around it.
Unfortunately, many homeowners are having their homes foreclosed leaving them to rent. Even though some landlords turn down renters with past foreclosures, there are ways to get around it.
Avoid Charge-Off
A charge-off is one of the worst things that can happen to your credit report. Find out how to avoid a charged-offs credit report entry.
A charge-off is one of the worst things that can happen to your credit report. Find out how to avoid a charged-offs credit report entry.
Georgia SOL
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 statute of limitations on debt in Georgia puts a time limit on the amount of time you can be sued for a debt.
Credit Card Payments
If you ever wonder the best way to pay off your credit cards, here are some tips to help you make those decisions each month.
If you ever wonder the best way to pay off your credit cards, here are some tips to help you make those decisions each month.
Ohio SOL
The Ohio statute of limitations on debt limits the amount of time you can be sued for a debt.
The Ohio statute of limitations on debt limits the amount of time you can be sued for a debt.
Wage Garnishment Limit
The Consumer Credit Protection Act puts a federal limit on the amount your wages can be garnished. That limit is the lower of two amounts.
The Consumer Credit Protection Act puts a federal limit on the amount your wages can be garnished. That limit is the lower of two amounts.
Credit / Debt Management - QuickTips
An index of QuickTips for the Credit / Debt Management guide site.
An index of QuickTips for the Credit / Debt Management guide site.
Credit Repair Foreclosure
A foreclosure will remain on your credit report for seven years. It will have the most significant impact on your credit in the first few years. There are things you can do to soften the blow of a foreclosure and even to rebuild your credit after a foreclosure.
A foreclosure will remain on your credit report for seven years. It will have the most significant impact on your credit in the first few years. There are things you can do to soften the blow of a foreclosure and even to rebuild your credit after a foreclosure.
Three Credit Bureaus
There are three insitutions - credit bureaus - that compile your credit report information.
There are three insitutions - credit bureaus - that compile your credit report information.
New Credit Card Rules
On December 18, 2008, the Federal Reserve approved sweeping new rules for the credit card industry. Get details on the changes and how they affect you.
On December 18, 2008, the Federal Reserve approved sweeping new rules for the credit card industry. Get details on the changes and how they affect you.
What is a Collection?
At some point, you may have pulled your credit report and noticed an account labeled collection. If you're like many others who've never heard this term, you undoubtedly wondered what is a collection, how did it get on your credit report, and what does it mean.
At some point, you may have pulled your credit report and noticed an account labeled collection. If you're like many others who've never heard this term, you undoubtedly wondered what is a collection, how did it get on your credit report, and what does it mean.
Too Much Debt?
Taking the time to determine whether or not you have too much debt can provide confirmation that you are doing things right or the realization that some financial changes are needed.
Taking the time to determine whether or not you have too much debt can provide confirmation that you are doing things right or the realization that some financial changes are needed.
Credit Card Process
Get a better understanding of how the credit card billing process works from making purchases to making payments.
Get a better understanding of how the credit card billing process works from making purchases to making payments.
Cash Advance
Taking out a cash advance on your credit card is risky, expensive, and carries the potential for debt. Find out the right way to take out and repay a credit card cash advance.
Taking out a cash advance on your credit card is risky, expensive, and carries the potential for debt. Find out the right way to take out and repay a credit card cash advance.
Debt Independence
Debt will continue to plauge your life until you do something about it. Here are the steps to take to get out of debt and stay out.
Debt will continue to plauge your life until you do something about it. Here are the steps to take to get out of debt and stay out.
SoL Definition
the amount of time a creditor or third-party debt collector can sue you for a debt
the amount of time a creditor or third-party debt collector can sue you for a debt
Credit Utilization
the amount of credit purchasing power you have, accounts for 30% of your credit score.
the amount of credit purchasing power you have, accounts for 30% of your credit score.
FICO Score Estimator
Review of the free FICO score estimator found on www.myfico.com
Review of the free FICO score estimator found on www.myfico.com
Pennsylvania SOL
The Pennsylvania statute of limitations on debt limits the amount of time you can be sued for a debt.
The Pennsylvania statute of limitations on debt limits the amount of time you can be sued for a debt.
Hope for Homeowners
The Hope for Homeowners Program will help homeowners save their home from foreclosure by allowing them to refinance their mortgages into more affordable, government insured mortgages.
The Hope for Homeowners Program will help homeowners save their home from foreclosure by allowing them to refinance their mortgages into more affordable, government insured mortgages.
Credit Counseling
Consumer credit counseling is a viable option for managing your debt. Learn more about consumer credit counselong to determine if will work for you.
Consumer credit counseling is a viable option for managing your debt. Learn more about consumer credit counselong to determine if will work for you.
Prepaid Credit Card
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.
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.
Illinois SOL
The statute of limitations on debt in Iowa limits the amount of time you can be sued for a debt.
The statute of limitations on debt in Iowa limits the amount of time you can be sued for a debt.
Credit Repair Mistakes
If you’re thinking about repairing your credit, or even if you’re going through the process now, there are some things you shouldn’t do. Here are 10 credit repair mistakes you want to avoid.
If you’re thinking about repairing your credit, or even if you’re going through the process now, there are some things you shouldn’t do. Here are 10 credit repair mistakes you want to avoid.
Avoid Bankruptcy
It's no secret that filing bankruptcy is a detriment to your credit. If you're thinking about filing bankruptcy, first consider these options that will allow you to avoid bankruptcy.
It's no secret that filing bankruptcy is a detriment to your credit. If you're thinking about filing bankruptcy, first consider these options that will allow you to avoid bankruptcy.
Bad Spending
Avoid the spending habits that can cause you to be overloaded with debt.
Avoid the spending habits that can cause you to be overloaded with debt.
Michigan SOL
The statute of limitations on debt in Michigan limits the time you can be sued for a debt
The statute of limitations on debt in Michigan limits the time you can be sued for a debt
Credit Letter Tips
Sending letters can be a powerful tool in dealing not only with with credit businesses, but businesses in general. Whenever you send a letter, make sure you follow these tips to get the best results.
Sending letters can be a powerful tool in dealing not only with with credit businesses, but businesses in general. Whenever you send a letter, make sure you follow these tips to get the best results.
Bankruptcy Types
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 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.
Idaho SOL
The statute of limitations on debt in Idaho puts a time limit on the amount of time you can be sued for a debt.
The statute of limitations on debt in Idaho puts a time limit on the amount of time you can be sued for a debt.
Colorado SOL
The Colorado statute of limitations on debt limits the amount of debt you can be sued for an overdue debt
The Colorado statute of limitations on debt limits the amount of debt you can be sued for an overdue debt
Debt Habits to Change
Getting out of debt is not easy. If it were we'd all have our debts paid off. Fortunately, "not easy" doesn't equal impossible. If you've decided to pay off your debts, or even just thinking about it, here are some things that must happen first.
Getting out of debt is not easy. If it were we'd all have our debts paid off. Fortunately, "not easy" doesn't equal impossible. If you've decided to pay off your debts, or even just thinking about it, here are some things that must happen first.
Pay Charge-Off?
When your credit card balanced gets charged-off, are you still responsible for paying it? The answer is yes.
When your credit card balanced gets charged-off, are you still responsible for paying it? The answer is yes.
Missouri SOL
The statute of limitations on debt in Missouri limits the time you can be sued for a debt
The statute of limitations on debt in Missouri limits the time you can be sued for a debt
North Carolina SOL
The statute of limitations on debt in North Carolina limits the time you can be sued for a debt
The statute of limitations on debt in North Carolina limits the time you can be sued for a debt
Nevada SOL
The statute of limitations on debt in Nevada limits the time you can be sued for a debt.
The statute of limitations on debt in Nevada limits the time you can be sued for a debt.
Time-Barred Debts
Time-barred debts are those that are no longer collectible through the court because the statute of limitations on these debts has passed. Creditors and debt collectors can still try to collect time-barred debts.
Time-barred debts are those that are no longer collectible through the court because the statute of limitations on these debts has passed. Creditors and debt collectors can still try to collect time-barred debts.
Debt Management Watch Outs
Know what to stay away from when you're choosing a debt settlement, debt consolidation, or consumer credit counseling agency.
Know what to stay away from when you're choosing a debt settlement, debt consolidation, or consumer credit counseling agency.
Why Interest Rate Increase
Creditors have a slew of reasons for increasing your interest rate. You can usually call to find out why your rate got increased. Based on a 2008 survey by Consumer Action, your credit card might have been closed for one of these reasons (note that not all of the reasons are in your control).
Creditors have a slew of reasons for increasing your interest rate. You can usually call to find out why your rate got increased. Based on a 2008 survey by Consumer Action, your credit card might have been closed for one of these reasons (note that not all of the reasons are in your control).
Good vs. Bad Debt
Did you know there was a such thing as good debt? There's a big difference between good debt and bad debt. How much of each are you carrying?
Did you know there was a such thing as good debt? There's a big difference between good debt and bad debt. How much of each are you carrying?
Credit Report and Score Basics
Your credit history is compiled in a single credit report and used to calculate your credit score. Learn your credit report and score affect you as a consumer.
Your credit history is compiled in a single credit report and used to calculate your credit score. Learn your credit report and score affect you as a consumer.
Charge-Off
debt that has been determined uncollectible by the original creditor, usually after the debtor has become seriously delinquent
debt that has been determined uncollectible by the original creditor, usually after the debtor has become seriously delinquent
Pay High Interest Rate First
When you're paying off your credit card debt, it's a good idea to pay high interest rate credit cards off first. That's because that high interest rate debt costs more.
When you're paying off your credit card debt, it's a good idea to pay high interest rate credit cards off first. That's because that high interest rate debt costs more.
Minimum Only Payments
If you only make the minimum payment on your credit card, it could take years to pay off the balance. Not even that, you could end up spending hundreds, possibly even thousands, in interest by the time the balance is repaid.
If you only make the minimum payment on your credit card, it could take years to pay off the balance. Not even that, you could end up spending hundreds, possibly even thousands, in interest by the time the balance is repaid.
Arizona Statute of Limitations
The Arizona statute of limitations on debt limits the time you can be sued for a debt.
The Arizona statute of limitations on debt limits the time you can be sued for a debt.
Credit Card Fees
Credit cards aren't free. Find out some of the most commonly charged credit card fees.
Credit cards aren't free. Find out some of the most commonly charged credit card fees.
Pros and Cons Secured Card
A secured credit card lets you make a deposit against the credit limit on the card. If you're not able to get approved for a traditional credit card a secured credit card is a good option.
A secured credit card lets you make a deposit against the credit limit on the card. If you're not able to get approved for a traditional credit card a secured credit card is a good option.
When To Check Credit Report
Some information suggests checking your credit report once a year. There are some other situations that might require checking your credit report more often.
Some information suggests checking your credit report once a year. There are some other situations that might require checking your credit report more often.
Is Bankruptcy Right?
It’s always better to pay off your debts rather than file bankruptcy. Credit implications aside, a bankruptcy filing could have an impact on your emotional life, too. People who’ve filed bankruptcy report feelings of regret and failure for years after filing. As you consider bankruptcy, here are some things to think about.
It’s always better to pay off your debts rather than file bankruptcy. Credit implications aside, a bankruptcy filing could have an impact on your emotional life, too. People who’ve filed bankruptcy report feelings of regret and failure for years after filing. As you consider bankruptcy, here are some things to think about.
Maryland SOL
The statute of limitations on debt in Maryland limits the time you can be sued for a debt
The statute of limitations on debt in Maryland limits the time you can be sued for a debt
FICO vs FAKO
There are a lot of different credit scores out there. Are they different from FICO scores? Which scores matter most?
There are a lot of different credit scores out there. Are they different from FICO scores? Which scores matter most?
Choose Credit Counseling
Before you choose whether to enroll in consumer credit counseling, there are some key criteria to consider. These credit will help you make your decision.
Before you choose whether to enroll in consumer credit counseling, there are some key criteria to consider. These credit will help you make your decision.
Credit Business Complaint
When your rights are violated by a business in the credit industry - whether it's bank, credit bureau, collection agency, or credit repair company - there are several legal entities you can complain to.
When your rights are violated by a business in the credit industry - whether it's bank, credit bureau, collection agency, or credit repair company - there are several legal entities you can complain to.
SOL Clock Start
The crucial factor in figuring out whether the statute of limitations has expired is to determine when the clock started ticking.
The crucial factor in figuring out whether the statute of limitations has expired is to determine when the clock started ticking.
Dispute Billing Error
The Fair Credit Billing Act, FCBA, gives you the right to have credit card billing errors corrected. Find out how to properly respond to incorrect credit card charges.
The Fair Credit Billing Act, FCBA, gives you the right to have credit card billing errors corrected. Find out how to properly respond to incorrect credit card charges.
Close Card Without Number
How do you close a credit card when you don't have the credit card number? There are a few ways you can access the credit card number to close the account.
How do you close a credit card when you don't have the credit card number? There are a few ways you can access the credit card number to close the account.
Washington SOL
The statute of limitations on debt in Washington limits the time you can be sued for a debt.
The statute of limitations on debt in Washington limits the time you can be sued for a debt.
Skipping Bill Payments
Under a tight budget, many people choose to skip their credit card payments over other monthly bills. Is that such a good decision?
Under a tight budget, many people choose to skip their credit card payments over other monthly bills. Is that such a good decision?
Taxable Income Cancelled Debt
When a lender cancels your debt, you may have to report this as taxable income on your federal income taxes, unless there is an exception. If you're required to report the cancelled debt, the lender will send IRS Form 1099-C to you.
When a lender cancels your debt, you may have to report this as taxable income on your federal income taxes, unless there is an exception. If you're required to report the cancelled debt, the lender will send IRS Form 1099-C to you.
Credit Card Features
Explanation of the most common features of a credit card including types of credit cards, interest rate, grace period, fees, and finance charge.
Explanation of the most common features of a credit card including types of credit cards, interest rate, grace period, fees, and finance charge.
Why Pay More
Credit cards give you the convenience of paying just a small percentage of your balance each month. This minimum payment is easier to make, but can come at a higher cost. Here are a few reasons you should pay more than the minimum on your credit card.
Credit cards give you the convenience of paying just a small percentage of your balance each month. This minimum payment is easier to make, but can come at a higher cost. Here are a few reasons you should pay more than the minimum on your credit card.
CROA
The Credit Repair Organization Act was put in place to protect consumers from unscrupulous practices by organizations who claim to repair credit. The Act seeks to ensure that consumers who decide to use credit repair services are aware of their rights and are able to make an informed decision about choosing to pay a credit repair company.
The Credit Repair Organization Act was put in place to protect consumers from unscrupulous practices by organizations who claim to repair credit. The Act seeks to ensure that consumers who decide to use credit repair services are aware of their rights and are able to make an informed decision about choosing to pay a credit repair company.
Kentucky Statute of Limitation
The statute of limitations in Kentucky limits the amount of time you can be sued for a debt.
The statute of limitations in Kentucky limits the amount of time you can be sued for a debt.
New York SOL
The statute of limitations on debt in New York limits the time you can be sued for a debt.
The statute of limitations on debt in New York limits the time you can be sued for a debt.
New Jersey SOL
The statute of limitations on debt in New Jersey limits the time you can be sued for a debt.
The statute of limitations on debt in New Jersey limits the time you can be sued for a debt.