Posted date: July 7th, 2009 | Posted in Personal Finance
If you are drowning in debt, getting a professional help will be a good option since the financial over-stress condition might causes you run out of idea on what to be done in resolving your finance problem. But, where to get helps? Although there many are debt consultation companies that you can approach to get helps, some of them may just want to take opportunities to earn your money than honestly want to help you in resolving your debt issues. Getting helps from wrong resources may get you into deeper debt problem instead of resolving it.
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Posted date: June 4th, 2009 | Posted in Debt Management
If you spend more than what you earn, you are creating debt. The debt will keep snowballing from month to month if it is not being managed properly. It can become financial burden when it hits the level beyond your financial affordability. Therefore, you should get rid of it as soon as possible while it still at a manageable level. Here are the 4 tips that can help you to shrink your debt.
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Posted date: May 28th, 2009 | Posted in Credit 101
New credit card act called CARD (Credit card Accountability, Responsibility and Disclosure) Act had been approved and signed by President Obama in year 2009. The purpose of this credit card act is to protect consumers by avoiding them to swiping the card worry-free. However, as a consumer, you still need to watch some potential credit card traps to may badly hurt you in term of new fees and high interest rates. Moreover, the new act tries to reduce the usage of credit cards; therefore, there will be less generous reward and fewer promotions that you can get when you want to apply for a new credit card.
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Posted date: May 13th, 2009 | Posted in Credit 101
“I don’t need a credit now, why should I care about my credit score?” Many people tend to have this thinking, and they don’t care if they are having bad rating until the day they really need to apply for a credit but find their options for good deals are limited. At this moment, they start to realize the important of having good credit rating, but it might be too late as rebuilding it needs time & efforts. That’s why you should always maintain it at good level and if you have damaged it, you should take actions to restore it, starts from today, not the day you need it.
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Posted date: May 6th, 2009 | Posted in Debt Management
Credit card has been part of the necessity for most people because it provides the convenient in purchasing almost anything at anywhere. But, not all consumers will pay in full amount on what they have spent every month when they receive their credit card statement; instead, they just pay the minimum. The balance will become their debt for next month. The debt keeps rolling and snowballing month by month until they feel the pressure when it becomes a financial burden. Do you know the true cost of just paying the minimum on your credit card debt? You will surprise when you make the true calculation on how much the costs in term of dollar and time you need to pay for the convenient of using credit card.
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