Yes, it possible for anyone to repair their own credit. You can get one free credit report a year with AnnualCreditReport.com, getting a copy is the first step you should take. Then, you should check for any mistakes on your credit report. Mistakes on your credit report isn’t an uncommon thing unfortunately, which is why it’s important...
There’s probably two things America’s dread the most poor credit scores and debt. Debt is a big issue but nowadays it’s becoming easier to pay them off than ever before. Many credit card issuers now offer cards that make it easier to pay off your debt in no time with no interest, no balance-transfer fees,...
Credit cards aren’t always the best option when it comes to making purchases. The reason being is that it can put you in a heap of debt. For this reason, you should never pay your household bills with a credit card. If you don’t pay the full price each month, the price of interest can...
There are so many factors that can decrease your credit score. One in particular is your credit utilization rate. Your credit card utilization rate is the ratio of your credit card debt to your total credit card limits. Now, if you decide to close any of your credit cards, it could cause your ratio to...
If you’re thinking about canceling old and unused credit accounts, that could be a great idea. Especially the ones that are still charging you fees. But, before you just up and close your accounts, there are a few “don’ts” to consider. For instance… You don’t want to cancel the oldest account on your report. This...
In some cases it can be a great idea to cancel old and unused credit accounts. Especially the ones that are still charging you fees. But, before you just up and close your accounts, there are a few “dos” to consider. For instance… You should close the card that you aren’t using that is costing...
There’s a rumor floating around that you need to carry over a balance from month to month on your cards in order to build credit. That’s not true. If you want to build credit, you should aim to pay your credit card bill on time. The danger of carrying a balance month to month means...
Debt avalanche is a debt repayment strategy where you pay off your balances with the highest interest rates first. Debt snowball allows you to focus on smaller debts to get them out of the way, so you can focus on larger ones. From a financial standpoint, the debt avalanche technique is always going to cost...
Debt Avalanche is a debt repayment strategy that involves you paying off your balances with the highest interest rates first. This strategy saves you money and time in the long run. Because interest rates eat at your pockets, the sooner you can get rid of debts that have high interest rates the better. It also...
If you’ve been looking for ways to pay down your debt, you may have heard of the term “debt avalanche” before. It’s a method that involves paying off your balances with the highest interest rates first. This plan prioritizes efficiency and is supposed to be the cheapest and fastest way to get out of debt....
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