Finance Globe

U.S. financial and economic topics from several finance writers.

What Things Can Make Your Credit Score Drop

woman-thinking-credit-score
Your credit score is an important number to keep up with, especially if you have a major loan coming up. For example, if you're planning to buy a house or car in the next few months, your credit score affects whether you're approved for a loan and the terms. Your credit score also impacts whether you have to pay a security deposit when you apply for utilities and similar services. Credit scores go up and down...
Continue reading
  39 Hits
  1 Comment
Recent comment in this post
Wanderer
This writing covers well the factors of credit. Would add that there are many schools of thought on closing accounts ranging from ... Read More
Thursday, 15 August 2019 20:12
39 Hits
1 Comment

How Long is Debt Valid?

woman-credit-card-bills
If you're dealing with multiple debts on your credit report or you're getting calls and letters from debt collectors, you may wonder if the debt is still valid. Debts generally don't "go away" just because they get older. However, older debts do reach a period where they should no longer affect you or your credit. There's a one time limit that a debt can be listed on your credit report and another for the amount of...
Continue reading
  69 Hits
  1 Comment
Recent comment in this post
Wanderer
Learned a lot in this Blog! WOW! Reminds me of "tip toeing through the tulips" as you need to be ever so careful! Many legals to w... Read More
Saturday, 10 August 2019 07:00
69 Hits
1 Comment

Three Things You Should Do When You Suspect Identity Theft

id-theft-couple-sad
A suspicious charge on your credit card. Calls from collectors about accounts you didn't know of. Alerts of new inquiries on your credit report. These can all be signs that someone has stolen your identity. Confirming identity theft can take time. But if you think someone may be using your personal information, you want to prevent them from leaving more damage for you to clean up. Here's what you should do if you think your identity...
Continue reading
  70 Hits
  0 Comments
70 Hits
0 Comments

Five Benefits of Becoming Debt-Free

rid-of-credit-card-debt2
Paying off a large amount of debt takes a lot of sacrifice. You have to cut back your spending and sometimes get creative about making more money. Even though it can be stressful and frustrating, the benefits of paying off your debt are worth it. You’ll save money in the long run. The longer you carry debt, the more you’ll pay in interest. Paying off your debt faster lets you save thousands of dollars in interest,...
Continue reading
  171 Hits
  0 Comments
171 Hits
0 Comments

5 Things to Know About Building Credit for the First Time

credit-report-calc-pen
Building credit for the first time can be both exciting and stressful. On the plus side, you’re ready to take this big step in your financial life. Conversely, you have some concerns about the moves you’re making and the short and long-term impact. Here are five things to know about building credit for the first time: 1. It’s Every Bit as Important as it Sounds Don’t talk yourself into thinking this isn’t important. Even if you...
Continue reading
  149 Hits
  0 Comments
149 Hits
0 Comments

Types of Student Loan Debt

college-debt-hallway1
If you need to borrow for your college or post college expenses, you should know what borrowing options are available to you. Generally there are two major sources of student loans. Federal and private loans are available to individuals, however federal student loans are much more common. There are also advantages and disadvantages to each, so please make sure you research before selecting your borrowing option. However it is important to note that no matter what...
Continue reading
  236 Hits
  0 Comments
236 Hits
0 Comments

What Consumers Need to Know About Point-of-Sale Loans

organize-personal-finance-355764
It's normal for retailers to pitch credit cards to shoppers during checkout. The pitch usually comes with an incentive - like a discount on the initial purchase. More retailers are offering a new payment option for consumers: point-of-sale loans. Customers are offered the loans both in-store and online at checkout. Point-of-sale loans are often offered for big ticket items. With the ease of lending, the loans are also offered for online purchases regardless of price. The...
Continue reading
  196 Hits
  1 Comment
Recent comment in this post
Wanderer
Good information as I had not heard of such loans. Now if I get approached on them I will take time to consider and read the fine ... Read More
Thursday, 20 June 2019 12:38
196 Hits
1 Comment

Five Ways Credit Bureaus May Respond to a Credit Report Dispute

credit-dispute-form
The information in your credit report has a major impact on whether your new applications for credit cards and loans are approved. Having positive information is key to showing that you're a responsible borrower. Your credit report can only contain accurate, complete, and timely information and you're allowed to challenge any information that doesn't fit the criteria for reporting. If you spot errors on your credit report, you can have your credit report updated by making...
Continue reading
  179 Hits
  1 Comment
Recent comment in this post
Wanderer
One thing people need to know, there is a legal basis to a dispute. Disputing because you don't like it or for some other non-lega... Read More
Tuesday, 11 June 2019 06:32
179 Hits
1 Comment

Watch Out for the Risks of Personal Loans

avoid-fees-100-dollar-bills1
Banks and fintech startups are increasingly offering personal loans for consumers who need to consolidate debt, make home repairs, or take care of other financial obligations. While personal loans are becoming easier to access, there still remains some risks to watch out for before you take on new debt. Fixed Monthly Payments There’s a fixed monthly payment based on your interest rate, loan amount, and repayment period. Payments can be difficult to make if you’re having...
Continue reading
  189 Hits
  1 Comment
Recent comment in this post
Frank
I do not have direct experience with getting a personal loan, but as you mentioned I would be wary of them as the interest rate is... Read More
Thursday, 27 June 2019 08:41
189 Hits
1 Comment

How Medical Bills Wind Up On Your Credit Report

medical-bills-2-women
Medical bills have the potential to hurt your credit just like most other types of bills. Medical bills can wind up on your credit report even if you have health insurance, since insurance companies don’t always cover 100% of medical services. Medical service providers don’t drop a medical bill on your credit report right away. They typically give you a give you time to pay the bill in full or make a payment arrangement first. In...
Continue reading
  184 Hits
  2 Comments
Recent Comments
Wanderer
Good information! Unaware you could dispute and/or have medical bills removed once they are paid. Due to the often large size of s... Read More
Monday, 20 May 2019 03:54
Frank
This is extremely helpful and also had no idea this went on your credit report, great article!
Thursday, 20 June 2019 16:16
184 Hits
2 Comments