Category: Credit/Debit
Book Review: God’s Plan for Your Finances
God’s Plan for Your Finance by: Dwight Nichols Copyright: 1998 ISBN: 0-88368-509-4 Because I’m on the quest to become debt-free, I’m filling my brain with as much positive information as possible. Over the past couple weeks I’ve been reading and following the book, God’s Plan for Your Finances by Dwight Nichols. This book is 203 [...]
Timely Bill Payment is Crucial for Improving Credit Score
Paying your bills on time is probably one of the most important habits to get into if you want to improve your credit score. As much as 35% of your credit rating is based on your bill payment history. Your credit can take a big hit if you’re constantly late on your bills. If you’re [...]
Credit Scores: What is Debt Ratio?
First let’s start by saying that your debt ratio is different from your debt to income ratio. Your debt ratio is the ratio of the amount of debt you have outstanding to the total amount of debt you have available to you. The lower your debt ratio, the better it is for your credit rating [...]
Disputing Errors on Credit Reports
If you reviewed your credit report and found errors on it, it’s not the end of the world. The good thing is that you found the errors and now you can get to correct them. There are actually two methods in which to dispute errors on your credit report. The results are the same, but [...]
Get Your Free Credit Report from the Right Agency
When it comes to getting your credit report, did you know that only one website is authorized to provide the free credit reports you are entitled to receive by law? That site is AnnualCreditReport.com. According to the Federal Trade Commission, be wary of other sites offering free credit reports. Some of them advertise that they [...]
How to Review Your Credit Report
If you listened to my advice in my earlier article you have a copy of your credit report. Now it’s time for you to review it to make sure that everything on it is correct. Back in 2004, a survey was done by a US organization named PIRGs, 79% of the survey respondents had incorrect [...]
How to Calculate Interest on a Loan
Back in the old days, calculating the interest rate on a loan was something that required a pen, paper and a lot of time using a calculator in an attempt to understand how the lending institution arrived at the monthly payment figure. The internet has changed things and now it is much easier to calculate [...]
NYC Debt Collection Laws
New York City has put in place some of the toughest debt collection laws in the country. With the unfortunate downturn in the economy and the rising inability to pay outstanding debts, it’s time for New York City residents to understand their rights when it comes to debt and debt collection practices. Make Debt Repayment [...]
Pay Down Your Debt Creatively
Will it ever go away? Each month you send the monthly payment and the balance seems to remain the same. Here’s how to pay the same amount and see better results. Those pesky credit card balances never seemed to go down. No matter how many payments are made, it seems like the balance always remains [...]
Teenagers and Credit Cards
“Don’t worry about it. I’ve got it this time. Next one is on you.” A commonly heard statement when going out to lunch, but not so common when the words are being uttered by your 14 year old unemployed son as he whips out his credit card and places it on the lunch bill. There [...]
