The moment you say enough is enough, be prepared to fight a long, hard battle. Getting out of debt is not an easy process. You’ll have to make sacrifices everyday to make sure you’re watching your budget, as well as
1. Potential Lenders Can’t Properly Evaluate Your Application Turns out having no credit is just as bad as having poor credit. Reasoning: lenders use your credit profile to gauge your credit risk based on several factors, such as payment history.
You spend hours perfecting your resume and cover letter for your dream job. The interview goes smoothly and the employer wants to offer you the position. But there’s one more hurdle to pass: the background check, which includes a credit
Getting into debt can happen almost without thought or effort. It’s so easy to convince ourselves that we need the latest and greatest of everything, from smartphones and tablets to clothes and even cars and homes. In a culture that
One of the most stressful feelings you can have is realizing that you’ll be making a late credit card payment. No one ever has the intention of paying late on a bill but surprisingly it happens all the time. You
“Debt.” It’s a financial four-letter word that you’d rather not talk about. But you know it’s time to face the music and get real with your money. That means doing something about your debt. Hey, I get it. Life is
Now that you’ve acknowledged your fear, allow it to be relieved by the fact that this is not your debt. Of course, when you love someone and see a future with that person, you may feel like it is your
1) Real American problems. Roughly two-thirds of American households carry credit card debt and two-thirds of American adults are overweight or obese. Chances are that you or someone you know is struggling with with at least one of these issues.
1. Freeze the Cards While this technically isn’t a way to get out of the hole, it’s the first step towards eliminating credit card debt. Reasoning: if you continue to swipe away, any payments made will only offset the balance
1. Credit card applications are bad for my credit score. Whether you’re seeking a temporary money fix or looking to take advantage of an irresistible introductory offer, chances are you’ve been warned to proceed with caution when applying for credit
