If you're able to somehow successfully negotiate your debt to zero and you thought you were in the clear. Think again!
The unexpected will always occur; however, if we prepare better for them, we won't have to react drastically.
When many people plan to buy a house, they know part of the plan will be to get a mortgage. After all, not many people have the money to pay cash for a house. They think that a mortgage is good debt, because the value of the house will be increasing while the amount they owe on it will be decreasing as they pay the principal.
Sometimes life brings you embarrassing moments; these are the times you wish you could evaporate. Here are suitable reactions for those less-than-ideal moments when you find out in public that your credit is not exactly stellar.
I know it's tempting. You get that check in the mail from your credit card company. They tell you to use it to pay your bills or use it to go and splurge. Don't do it! If you read the fine print, you'll find these checks are just like a cash advance on your credit card. A cash advance can have a sobering affect on your credit card balance.
Believe it or not, it may be because of your credit history.
Yep, increasingly employers are checking credit reports before they hire.
Just like everything else in life, such as prioritzing our spending, things change as we get older. Sometimes these changes occur based on our our attitudes, maturity level, or just because we get tired of the old routine.
Can I do that? Yes you may!
Many people with cash flow issues, meaning they have issues with the timing of their money coming in and their money going out, would like to move the due date on their credit cards.
As they say, "Lightning strikes the outhouse as well." Some, and the emphasis is on the word some, card issuers are waiving some of their fees. These include Bank of America, Wells Fargo and American Express.
Many people use debit cards to control their spending. It's a great idea because when your checking account is zero, you can't spend any more.
Thomas Stanley, author of The Millionaire Next Door, interviewed over 1,000 millionaires across the country and compiled their common characteristics. Wanna know a secret?
Many people believe if they pay off their credit card balances, there will be an automatic and dramatic increase in their credit score. Perhaps. If you ask five "credit professionals" about paying down your credit card balance, you'll get at least seven different answers.
Starting January 1st, 2011 if you apply for a loan or a credit card, and credit is extended but on less favorable terms than to other consumers, the issuer must now notify you of this fact. It used to be you would only have been notified under these conditions if you were financing your home.
Many seniors graduating from school already have a mortgage on their hands. I've spoken to several people who have student loans totaling over $150,000. Your best first step would be to start paying down on that student loan and start saving for a down payment.
On December 31st Jennie wrote about sticking with resolutions. Yes, we all make them and we all break them. The reason most resolutions are broken is that they start out way too ambitious.
Some cycles are just hard to figure out when and where they start and when and where they end. So let’s look at the housing cycle. I’ve always said, if you follow housing, you follow the economy.