Credit cards

Low interest credit cards: what benefits you will get

Today you can see ads about credit card companies that propose credit cards with low interest rate. And this is an attractive option. However, with low percentage, best credit cards offer combinations More »

Credit card

Using of a credit or debit card has advantages and disadvantages

There are many decisions for a small business owner in our fast developing world. When it adverts to different budgets for advertising, inventory, travel and more, every decision is important. A major More »

credit cards

What can rewards credit cards offer you?

Using rewards credit cads, you will find rewards everywhere: gasoline stations, groceries, supermarkets and restaurants. They all want to reward you just for buying. Similarly, the credit card providers have their own More »

Credit Cards

A bad credit credit card: types and advantages

It is easy to obtain credit cards, even with a low credit score. Interest and fees will be higher, but your application will be approved. Start rebuilding of your credit now. The More »

Category Archives: Credit Cards

Former NBA athlete struggles with bankruptcy

January 06, 2012  |  Sofia Tuckson

Retired NBA star Antoine Walker has been accused by his daughters mother of failing to pay child support and tuition for his 13 year-old daughter. Walker appeared in court last week, but a federal judge will have to decide whether or not the case can proceed since he has filed for Chapter 7 bankruptcy.

Along with $117,000 in unpaid child support and nearly $28,000 in school costs for his daughter, the 35 year-old owes $1.2 million to casinos and $2 million on a house he bought his mother. Walker is on probation after pleading guilty to not paying $750,000 he owes to three different Las Vegas casinos.

During his 13 year career in the NBA, he is estimated to have earned $110 million.

If you or someone you love is struggling with the difficult realities of heavy levels of debt,

 
Tags: Nba, Nba Athlete
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Post Bankruptcy Time Periods for Auto Loans

December 30, 2011  |  Sofia Tuckson

Because of the national economy many businesses and individuals are still not capable of operating without some sort of governmental financial assistance. So, the number of folks with poor credit or bankruptcies seeking auto loans are surging like a tsunami. And many lenders have stepped in to fill that need. Time periods for auto loans may mean something to traditional lenders, but not online lenders.

Time Periods after Bankruptcy for Auto Loans

Many folks think that after successfully filing bankruptcy, that they must wait any number of years before applying for any sort of loan, especially a car finance loan. This is not often the case. Because of the number of people who have had to abandon a life fueled by credit cards and other financial debt, many prospective lenders have stepped in to fill the gap. Even bankrupt folks need transportation.

Two to Three Years Could Help

Post-bankruptcy borrowers may be helped by waiting a few years before attempting to land a car loan. Full post…

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A Holiday, Charge-Card Reminder …

December 13, 2011  |  Sofia Tuckson

Just a quick reminder

Don’t get carried with your credit cards when shopping for holiday presents. Remember that one of the keys to a high credit score is to keep a balance that is no higher than 30 percent of the limit.

This means that if you have a $2,000 limit, your balance should not exceed $600.

Ever. Not even for one day. Even if you pay your bill in full each month.

You see, 30 percent of your credit score is based on your outstanding debt. And in large part, your outstanding debt includes something called the “utilization rate,” which is your balance as a percentage of your limit.

Credit bureaus give higher scores to people with low utilization rates, and they give lower scores to people with high utilization rates.

So keeping the right credit card balance is one of the most important things you can do this holiday season to protect your credit score.

Click here for the holiday book about preventing real store credit card scams.

 
Tags: Reminder
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What You Should Know About Auto Finance

December 05, 2011  |  Sofia Tuckson

Buying a car is one of the dreams that many people have had since childhood. The dream may have never faltered but the circumstances have changed. The economic conditions are harsher now than ever before making it almost impossible to live the dream. However, there is hope in auto finance for everybody.

Auto finance is a loan offered to individuals to help boost them in their pursuit of buying a car. Just like any other loan, this finance requires an individual to exhibit certain characteristics. For instance, your credit rating should be acceptable to the lender, otherwise you are doomed. A good credit works well with all loan providers while a bad credit is only accepted easily by special lenders.

The lenders of auto finance include banks and other financial institutions, credit unions, car finance companies and car dealers. Each of them has a specific rule of operation which includes the requirements and the rates charged.

Full post…

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Personal bankruptcy down in October

November 28, 2011  |  Sofia Tuckson

Personal bankruptcies were down in October for the fourth month in a row, according to the National Bankruptcy Research Center and American Bankruptcy Institute.

From September, personal bankruptcies decreased by 2.1 percent in October.  Compared to October 2010, personal bankruptcy filings filed last month were down by 19.6 percent.

Executive director of the ABI Samuel Gerdano said of the drop in personal bankruptcy filings, The declining filings correlate to tightened consumer spending and the overall pullback in consumer credit associated with a stagnant economy.

Credit use decreased last year and the year before.  As of August of this year, consumer credit was declining at a 4.5 percent annual rate.

 
Tags: October
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Advantages Of Buying A Home After Bankruptcy

November 22, 2011  |  Sofia Tuckson

When you have gone through a Bankruptcy process, your ability to get finance is shattered. Then, restoring your credit is the first measure you need to take. Resorting to a mortgage loan in order to buy a home can be the solution to this problem and it will bring along other benefits.

After Bankruptcy Is Discharged

Immediately after bankruptcy is discharged your credit score is bottom low. What you need to do is start preparing for applying by increasing your credit score as much as possible. To do so, you need to meet all your payments on time, and start building some credit.

Small steps to improve your credit score can be taken safely. Get a secured credit card and start using it to buy what you would otherwise pay in cash. The Credit Card issuer will inform credit agencies of your timely payments and this will increase your credit score. You can then request small personal loans or get an unsecured credit card to keep improving your credit score. Make sure to pay your balances in full and never miss payments. Full post…

 
Tags: Bankruptcy
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Is Refusal to Renew a Lease Retaliation?

November 16, 2011  |  Sofia Tuckson

It’s important to consider your actions as well as your landlord’s when determining whether a landlord’s decision not to renew your lease is retaliatory. For example, some tenants may face retaliation for requiring their landlord to fulfill the terms of their lease. In any case, check with your local tenants’ association to find out what laws are in place to protect renters from landlord retaliation before taking any legal action against a landlord.

Your state may have a law that specifically addresses landlord retaliation. For example, the Tenant Resource Center in Madison, Wisconsin, indicates that Wisconsin has a law that prohibits landlords from retaliating against tenants by refusing to renew their lease or taking some other action against them. However, the law also states that the tenant must have a “preponderance of evidence” that an action took place because of retaliation. In legal terms, that means the evidence must be convincing if a tenant sues the landlord. Full post…

 
Tags: Lease, Lease Retaliation
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