Truthfully, a charge-off is one of the worst things that could happen to your credit report and score. Charge-off happens after your account has become 180 days delinquent. By the time a creditor decides to… Can a Charge-Off Be a Good Thing?
Bankruptcy is hailed as one of the most catastrophic of financial events. Fortunately, it’s not the end of the world. In fact, bankruptcy, in many ways, is more like a new beginning. It’s a time… What’s a Good Credit Card for After Bankruptcy
Consumer confidence rose slightly in July after declining for four straight months – but consumers still remain cautious due to the job market, a private research group reported on Tuesday. The Conference Board reported that… Consumer Confidence Up Slightly in July
Banks and consumers have a conflict of interest. Consumers want free checking accounts and to pay as little as possible for services. Banks, on the other hand, want to make millions and billions for their… Watch Out for Hidden Bank Fees
In the past few years, big banks have become so unattractive that many consumers switched to local banks and credit unions. Not everyone who dislikes their bank was willing to go through the trouble of… Steps to Switching Banks
In a comment to the Consumer Financial Protection Bureau on Monday, the Federal Trade Commission expressed its support of new protections for users of general purpose reloadable (GPR) cards. GPR cards are a type of… FTC Supports New Protections for General Purpose Reloadable Card Users
Dealing with identity theft can be a headache. One of the ways you can deter fraud is to add a fraud alert to your credit report. When businesses check your credit report they see the… Place a Fraud Alert On Your Credit Report
Capital One recently got in trouble with the Consumer Financial Protection Bureau for deceptively marketing add-on services like payment protection and credit monitoring services. Consumers complained that Capital One representatives made it seem as though… Optional vs. Required Credit Card Fees
It takes years of good financial behavior to build a good credit score, but all your hard work can be ruined in just a few months. One or two slightly negative actions, like a maxed… How a Credit Score Gets Ruined
One of the best pieces of financial advice is to budget your money. Budgeting is the foundation of financial health and the key to accomplishing most, if not all, of your financial goals. Unfortunately, when… Overcome Budget Frustrations