Bad Credit Forum- Re: Best Way To Pay Down Debt and Raise Credit ScoreAlso be sure to check your credit report for errors. They really do happen. I had 2 entries for one credit card, for example, which made it look like I had more outstanding credit than I did. I disputed it, and it was quickly fixed. […]
- Re: Best Way To Pay Down Debt and Raise Credit ScoreThere is a decent article on credit card payoff strategies: http://www.over50web.net/finance/save-money-finance/credit-card-payoff-strategies/ The comments actually give some good information. Basically, you should pick a stategy that works well for you. That said, I do believe that paying off cards that are close to their limits will have a quicker impact o […]
- Re: Renting With Poor CreditAbsolutely, your best bet is to long for somebody who needs a room mate in their own home - if you need very cheap rent, there are older people who need some help around the house or transportation - and they may be willing to give you a big break on rent (or even free rent) in exchange for some services. Of course, you have to be responsible and do what you […]
- Re: Best Way To Pay Down Debt and Raise Credit Score
Monthly Archives: October 2008
Lower Credit Limits Can Mean Lower Credit Scores
OK, so I am just another ticked off consumer some days. I can’t imagine that it is any fun to work for a credit card company these days. I mean, I do feel some sympathy for the people who are having to talk to the public every day and explain that while the federal government keeps slashing interest rates, credit card interest rates keep going up.
Surviving A Recession
We are all facing tough economic times. There is not denying it, though it seems like until the last few months, the politicians and big business leaders have tried! But now that everybody is forced to face reality, let us look at a few things that consumers can do to survive these days of a falling stock market, tight credit, and bank instability.
Largest US Job Cut in 5 Years Fuels Worries
September, 2008 Job Cuts Top Expectaions
Most people were expecting about 100,000 jobs cut from the US market, but the bad news is in. The labor department reported that 159,000 US jobs were cut in September of 2008. This is another worrisome sign that the economy is headed for a deep recession.
This is the 9th month in a row that jobs have been cut, and it is a symptom of the housing market woes, combined with tight credit. Tight credit affects business as well as consumers. Many small businesses are doing very well, but are having trouble with their day to day operations because of tight credit.
How Much Is The Bailout — Measuring 700 billion dollars
Are you having trouble wrapping your brain around the concept of 700 billion bucks? Me too. Just how much money is that, anyway? I mean, the obvious answer is that is is $700,000,000.00, but that is such a big number it is really hard to grasp. It is certainly a lot more than I have in my savings account!
Well, you have heard of NASA, right? In 2009 they plan to launch a lot of people into outer space, and to keep space stations running. They have a planned budget of less than 18 billion dollars. That number looks a lot smaller than 700 billion dollars. So the bailout plan money could keep NASA going for about 4 decades at the current space program budget.
