By Lashon Fryer
The only collateral between a consumer and his credit card company is his word. The consumer backs his word with his signature on the written credit card agreement. Beyond that, there is no car or home to be repossessed if the consumer defaults, because the debt is unsecured. However, if the consumer fails to make good on his word, he has essentially breached his contract with the credit card...
By Chris Beazer
Your FICO score is a credit score based off of the information contained in your credit report. This score is used to tell lenders whether or not you are eligible and trustworthy enough for them to extend you credit. This score is used to determine credit worthiness for everything from mortgages to credit cards. Your FICO score is divided by percentage into five main areas. These areas are each...
By Shawn Bryan
The worst thing about a recession is--regardless of what those in Washington tell us--there is no certainty as to when it will be over. While many people (in fortunate circumstances) can take advantage of a recession to put themselves in a prime position to cash in when it is over, everyone else is more concerned with how to make it through without drowning. Here are some of the best ways to do...
By Chad Hagy
Paying off your credit cards should be a priority on everyone's list, especially in a climate in which consumer and federal debt is out of control. There are things you can do if you can't pay your credit card debts and, believe it or not, credit card companies will work with you to help you pay your debts if you know how to approach the situation. The first thing you should do if you...
By Cynthia Wren
Having a high interest rate on your credit card can make paying off the balance much harder in the long run. Fortunately, with some planning, there are several steps you can take to get and maintain lower interest rates on your credit card. Simply calling the lender and requesting a lower rate is often successful if you have been diligent about your payments in the past. The following methods...