Over Fifty and Overloaded With Debt?
In a recent article for AARP, Lucretia Marmon says older Americans are going deeper in debt!Did you know that 450,000 of them filed for bankruptcy in 2003? This makes older Americans the fastest growing age group in bankruptcy. It seems that a down-turn in economic times and todays easy credit ... more...

Why Your Credit Score Matters
Among the many innovations that emerged after World War II, credit use has become a major factor in our entire economic profile. As a result, your credit rating is the most important factor in determining your credit APR when you apply for any type of credit: credit cards, 0% APR transfer offers as ... more...

What is Credit Scoring?
Have you ever wondered what is credit scoring? Credit scoring is a system creditors use to help determine whether or not to give you credit.How does a creditor decide whether or not to grant you credit? Creditors use credit scoring systems to determine if you'd be a good risk for credit cards and ... more...

Not Every Debt Negotiation Company Is Right For You - And That's The Truth
For those outside of the wide breadth of consumer and credit card debt knowledge inner circle, the debt negotiation truth is this: not even the best debt negotiation companies may be right for you.For starters, debtors have differing situations one may be falling behind on his monthly mortgage ... more...

The Business Failed, But Did You?
Q: After years of dreaming about starting my own business, I finally took the plunge a little over a year ago. To say the least, my dream quickly became a nightmare. The business didn't do nearly as well as I had hoped. I ran out of money within six months and had to take out a second mortgage on ... more...

Take Careful Consideration Before Filing Bankruptcy
Filing bankruptcy is not fun! It is a last resort if you are interested in keeping an active and acceptable credit report. Bankruptcy is the condition of bringing all your assets and deficiencies into an insolvent state. It is a state of financial loss, where your debts are canceled and it will ... more...

Debt Consolidation Loan
Debt Consolidation of Different LoansDebt consolidation refers to the restructuring of a large number of unsecured debts into one low monthly payment, while eliminating interest and reducing the total amount owed to creditors. Debt consolidation has become popular with people as they cope with ... more...

Credit Repair - Understanding The Basics
What is Credit?Credit means that you are using someone else's money to pay for things. It also means that you are making a promise to repay the money to the person or company that loaned you the money.Whenever a person applies for a loan, mortgage, a credit card or for any other purpose for which ... more...

My Own Online Business After A Divorce And Almost Bankruptcy
When I got divorced, I didn't know how I was going to be able to cope with my financial responsibilities which included mortgage, car, my kids's private school plus all the other expenses related to having a family without a husband's salary.I had recently lost my full-time job, had managed to find ... more...

The Five Debt Triggers for Women
The average American is over $7,100 in debt (not including a mortgage) and three out of five families can't afford to pay off their credit cards each month.Still, as a culture we keep spending-on clothing, luxury cars, gourmet meals, electronics, CDs, you name it-and some would surely argue that ... more...

Bankruptcy - Your Fresh Start
Most American consumers are living too close to the edge. They are carrying too much credit card and mortgage debt and have too little in the way of savings. When the inevitable unexpected crisis comes along, they have little left to handle it and quickly slip into a critical financial state ... more...

Your Credit Report After Bankruptcy-What To Look For
Do you KNOW what is on your credit report? Even if you have just filed bankruptcy it is EXTREMELY important that you KNOW how it is reported on your credit report. It is NOT the credit reporting agencies responsibility to make sure that your credit report is accurate. It is YOURS, and only you can ... more...