Category Archives: Credit Card Debt

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5 Keys To Obtaining A Good Credit Score Under The New FICO Scoring System

For years, people have been consolidating to personal loans to boost their credit and get away from credit card debt. Now, they might see negative consequences for it. FICO will be updating the way it decides credit scores and the changes will have a big impact on how personal loans are handled. This new system……
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When Dealing With Debt Collectors, It Pays To Know Your Rights

So you bought something on credit, but then never saw a bill for it. Perhaps you think: no bill = winner/free stuff! At some point, the company is likely to balance their books and find your debt. But just how long can a creditor wait before attempting to collect on that debt? Am I off……
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6 Ways To Improve A Low Credit Score

Having a low credit score tags you as a high-risk borrower and can impact so many facets of your life. Just how can it affect you? It is the determining factor in whether or not a lender will actually lend you money, and it raises the interest rate you have to pay if they do…….
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Credit Card Debt and Retirement Savings

You might be facing a ton of credit card debt, unsure of how you will ever pay it off. You might be considering Chapter 7 bankruptcy. You might also be thinking about dipping into your retirement savings to pay it off. Both options have benefits and drawbacks and it is important for you to be……
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Is it Better to Take a Settlement or Pay off Credit Card Debt?

Dealing with credit card debt is never a fun thing to do. Whether it is small debt from a couple of missed payments or debt that has accrued over time, it is something that can plague you and damage your credit score. Luckily, there are options available to deal with different types of credit card……
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