Having bad credit can feel hopeless and like a burden you will have to carry for the rest of your life. But, while recovering from bad credit isn’t easy, it’s possible. In fact, many people have already done it. Below are three tips for improving bad credit. 1. Start Paying or Arrange Payment Plans The...
Did you know that there are people out there who fraud credit cards for a living? These cybercriminals are active not only in third-world countries but all over the world. Some of them collect hundreds of credit card numbers and sell them to attackers located offshore. So prepare yourself and be vigilant or you just...
Credit card debt in the UK today totals £72.6 billion – affecting the lives of all too many UK consumers. With the typical credit card interest rate being 18.5%, it’s perhaps unsurprising that the average household is caught in the grip of £2,668 worth of credit card debt. With more people seeking credit card debt...
One of the most important financial management resources that we use today is the debit card. Essentially plastic money, it allows us to buy goods and services both online and offline. The debit card is also known as a prepaid card. This is because it allows us to spend money that is already loaded into...
There are a few good things that you may have wished to do in life, but you can’t achieve these wants due to your debt. When you’re paying a certain portion of your income towards meeting interests, it actually affects your peace of mind. Few good methods that all debtors must follow: Use the snowball...
Image source: pixabay Recent reports suggest that American consumers have recently hit a scary milestone. According to the Federal Reserve, Americans have the highest outstanding debt, mostly in the form of credit card debt than ever before. In June 2017, Americans owed $1.022 trillion in revolving debt and this figure even beats the record set...
As we know that our most dreaded season is arriving and the mercury has already started climbing high as we bid goodbye to winter. Since the clichés are always out with the coming of summer, there’s a sharp rise in the water and electricity bills. People are generally all drowning in some kind of debt,...
Bad debts can be incredibly harmful and impact your life in a multitude of different ways. You will find borrowing money becomes impossible, or, at the very least, extremely expensive. It will be tough to get simple things like a smartphone contract, and you might even struggle to pass a landlord’s credit check if you...
For a household, it’s not good to share the credit card burden. Credit card debt can be repaid or lessened in several ways. A few methods will demand more effort and time than the common ones. In comparison, you may come across methods that don’t seem effective as repayment options; these methods tend to be...
The use of credit cards in the 21st century is a record high. According to this source, each individual has at least two credit cards at this time. It is also common for these cards to have credit limits that are way beyond the actual capacity to pay off the credit cardholder. This situation led...