All Posts Tagged With: "credit"
Customer Defaults Decline Again for Bank of America (NYSE: BAC)
Customer payments for Bank of America (NYSE: BAC) credit cards have become more steady throughout the month of February. The bank said credit card debt write-offs were down from the month previous. The 2011 reports for February are the lowest numbers the bank has seen since the same month of 2009. Generally, credit card companies [...]
Citigroup (NYSE: C) Ready to Lend To Small Biz
Citigroup (NYSE: C) has announced they are holding a $200 million dollar fund to help small businesses stay afloat in low income areas of the United States. With the state of the economy, many small business owners are going under without access to proper financing avenues. Citigroup is working in association with the Calvert Foundation and [...]
Are Social Networking Sites Hurting Your Credit?
Banks may be using social networking sites to determine whether to extend, take or deny you credit. If you have these social networking sites you use often, you may actually be doing more damage to your credit. Managers and coworkers may also be using these sites to determine “problem” workers. In these hard economic times [...]
Extreme Measures in Tough Economic Times
When times get tough, the tough get going. How often have you heard a statement like that? It is a play on words that is made to show the mettle that some have in dealing with difficult circumstances. And, we have plenty of those right now. There are signs that some are taking extreme measures [...]
Is it Possible to Live a Life with No Credit?
In today’s society, we are inundated with commercials showing us how great life can be if only we bought this kind of car, had this type of appliances in the kitchen, or the thousands of other products on the market we probably just do not need. Most of the “must-have” items consumers will purchase do [...]
How to Thoroughly Check Lenders on the Web
If you have been considering a loan and have been bombarded with online advertisements that make it seem “just that easy” to get a loan, you may want to think twice and be sure you do your research. There are several ways to assess the reliability of an online loan provider. What you may think [...]
5 Money Tips for Financial Smarts
While there is often a consistent theme when it comes to financial advice for living paycheck to paycheck, there are some other tips not often included in common methods for hanging on to your money. Those now living paycheck to paycheck, may not be used to having such tight reigns on their cash. Here are [...]
Lenders Still Making the Same Mistakes Which Caused the Sub-Prime Mortgage Mess
If you were a lender of mortgages, would you give out a loan to someone who doesn’t have any documentation to prove how much money they make? Would you provide a loan where the person isn’t even required to pay off the interest each year? How about a loan that would take 50 years to [...]
Responsibilities of Paying a Charged-Off Debt
In an effort to clean up your credit score, you may be faced with some charged-off debts on your credit report. It is important to know what a charged-off debt is and how to deal with it. For some people, it seems like it is just a forgotten debt they are no longer responsible to [...]
RAISE YOUR CREDIT SCORE 200 POINTS IN 30 DAYS: Part 3 – Clean Your Credit Report
Over the last ten years, I have helped many people fix their own credit, and each time I do, I am amazed at the credit myths and the false beliefs that are out there. There is just so much incorrect information circulating, that many people begin to believe that repairing their credit is a long [...]
What Mortgage Lenders Look For
Obviously, potential mortgage lenders look at your income for the last two years and your credit score when determining if you are “home loan-worthy.” However, income can now be “stated,” and bad credit does not mean you will be unworthy in getting a loan. Bad Credit is just as attractive to many lenders as good [...]
RAISE YOUR CREDIT SCORE 200 POINTS IN 30 DAYS: Part 2 – Get Out of Debt Fast
If I were to rename this series, I would use the phrase “The Good, The Bad and the Ugly.” Thus, last week’s article “Manipulate Your Credit” would become “Changes for Good Credit.” Next week’s “Cleaning Your Report” would become “Erasing the Bad Credit.” And this article would become “Alternatives for Ugly Credit.” The first half [...]
21 Ways to Stop Identity Theft
The United States Post Office released a brochure this month on “Fighting Back Against Identity Theft.” According to the Post Office, a recent Federal Trade Commission survey reported that 2% of identity theft was connected to the mail. They list twelve ways that anyone can protect themselves from identity theft, but there are many more [...]
RAISE YOUR CREDIT SCORE 200 POINTS IN 30 DAYS: Part 1 – Manipulate Your Credit
This article is the first in a three-part series on things you can do today to bring your score up as much as 200 points in 30 days. You see, creditors report your accounts to credit reporting agencies every 30 days like clockwork, so by completing a few simple steps now, you can bring your [...]
Protect Your Small Business from Embezzling Bookkeepers Part 2: Credit Cards and Identity Theft
Having been in the bookkeeping and retail business for more then ten years, I have seen a lot of credit card theft on both sides of the Office Door. I have seen credit cards pull a disappearing act, employees buy unauthorized items on company credit, and tens of thousands of dollars charged within a thirty-day [...]
CHECKING OUT COUNSELORS OF CREDIT
Every morning, I turn on the radio and hear at least one commercial announcing a phone number for a debt solution counseling company. Many days it’s never the same company being advertised though each promises to get you out of debt in what sounds like an instant. How can you be sure? How can you [...]
Looking to Buy a Home? 5 Tips to Improve Your Credit Score to Get a Better Mortgage
When most people go to purchase a home, they take whatever deal the mortgage lender will give them. Many get “house fever” and want to pursue the American dream so badly that they’ll sign whatever’s put in front of them so they can own their very own home. Many consumers have gotten themselves in real [...]
I agree. If a local business is the one offering the sale price I will buy it from them. ...
We are retired and live on a grocery budget of $200 a month for 2 people in the Midwest. That ...