Monthly Archives: October 2008

Bankruptcy Advice You Might Find Helpful

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Bankruptcy advice varies, depending on who you ask. A credit card debt reduction company might say that it’s better to just stick it out, settle your debts and establish a monthly payment schedule, even if it takes you five years to finish it! Needless to say, many of the debtors set up on such plans drop out and file for bankruptcy anyway. If you were to ask a lawyer, then they might say that bankruptcy is the only option for you, while asking for more than $250 just to file. Many people find they can’t come up with the lump sum to go through with it and feel they are beyond all hope.

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Knowing What To Look For When Choosing A Credit Card

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James Bond Visa Credit Card Video

Through out the United States, there are hundreds of banks and credit card issuers competing to get you to sign up for a card. All the banks and credit companies are always in competition with each other, offering you different incentives, rewards, and rebates.

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How Important Is It To Understand Your Credit Report?

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You almost certainly know only too well that the information which is contained in your personal credit report is used by the loan and credit card companies when deciding whether to extend credit to you, but do you know what is actually in your credit report? For instance, did you know that the information which are contained in your credit report could affect whether or not you are able to buy that new home or are going to need to continue to live in your present ‘shoebox’?

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0% Interest Credit Cards – Are They Really Fact, Fiction, Or a Trap?

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There are many credit cards with a 0% APR being touted on the news, almost on a daily basis, but are they really telling you the whole story?

As interest rates steadily climb, an increasing number of consumers find themselves leaning towards 0% interest credit cards in an attempt to keep their debt to a minimum, while still enjoying the benefits of a line of credit. The question being raised by many, who are skeptical, however, is what they aren’t being told about these alleged miracles of modern credit.

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Seeking good credit advice? Here are the cardinal rules of credit

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When the economy gets as tight as it is today, so do banks. We hear news reports that the credit crunch has now hit the banks. Banks are no longer keen to extend the philanthropic credit limits of the past.

Your APR may rise overnight due a late or skipped payment, no matter how long you’ve maintained a gleaming payment record. Plenty of folks find themselves taking a cash advance on one credit card, to make the minimum payment on another. Cash advances mean a transaction fee, while making the minimum payment on the other barely keeps you afloat until the next payments are due. This type of activity can put you in a downward spiral which ends unhappily. Your credit rating goes down, your rates go up and you’ve got a mess on your hands.

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