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
Category Archives: Credit
No Fee 0% Balance Transfers Are Still Out There
See How A Low or 0% Interest Balance Transfer Can Save You Money
We posted before on the advantages of a 0% balance transfer from a higher interest rate credit card. You may think that you cannot find one any more since the card companies have cracked down on credit applications. But there are plenty of offers out there for people who have decent credit.
How the New Obama Credit Card Bill Will Affect Us
Will Obama’s New Credit Reform Bill Change Much?
Well most of us are pretty sick of paying our bills only to have our credit limits dropped while our interest rates are raised. It seems that once we sign up with a credit card company, they pretty much have the right to treat us as badly as they want to treat us. And we may have changed companies in order to let the market speak, but it seems like those great offers evaporate in a few months, and we are no better off.
Repair Your Credit and Keep More Of Your Own Money
Are Poor Credit Scores Ruining Your Life?
A few mistakes can really damage a credit report, especially these days when credit companies are so eager to lower credit scores because of the tight money situation But a poor credit score can cost you money as everything from auto loans to auto insurance will cost you more! You should keep your own money, and you can do it by repairing your credit.
Credit Card Balance SmackDown – Higher Fees + Lower Limits
Happy Holidays. Just when we enter the spending season, families are likely to see their budgets strained by another complication. The citigroup buyout is likely to cause a ripple effect that will get passed on to… guess who! … consumers!
Many major credit card companies will pass on costs by:
- Raising Credit Card Fees – Some companies may even impose a monthly fee on cards that did not have one before!
- Lower Credit Limits – Watch this one, because you may not notice your limit has been reduced, and can overspend it, and then of course, you will get hit again with a penalty. Ouch!
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.
