Finance Globe

Bankruptcy comes with many rules. It’s important that you follow them all, otherwise your bankruptcy case could be dismissed. If that happens, you’ll have to wait several months before you can file bankruptcy again. Or, you may have to figure out another way to deal with your debt. Here are a few mistakes that could lead to bankruptcy dismissal. Hiding assets so you won’t have to give them up to creditors. In a Chapter 7 bankruptcy,...

When you use your credit card, you’re agreeing to abide by the credit card issuer’s rules. And if you break the rules, you’ll have to pay a penalty. The good news is that the rules are simple and pretty easy to follow. Stick to them and you’ll avoid expensive credit card fees and penalty rate hikes. Pay your bill on time. Late credit card payments carry the heftiest penalties of all. One missed payment and you’ll...

Many of us have probably been guilty of thinking that a just a few extra hundred dollars in our paychecks would forever end financial problems. But that’s not always the case. Each time a famous/rich files bankruptcy, the rest of us wonder how they could possibly blow so much money. “If I had that much money…” we think. But with more money comes the tendency to spend more and perhaps the same problems as celebrities who...

April is Financial Literacy Month and to celebrate, the National Foundation for Credit Counseling and the Network Branded Prepaid Card Association have completed a financial literacy survey. One of the most surprising results is the number of adults who aren’t paying their bills on time each month – up to 77 million U.S. adults based on survey results. It’s crucial to pay both your credit and non-credit bills on time each month for a few important...

Many people get excited around tax time. Who doesn’t want a few extra hundred or thousand dollars in their pocket? The more, the merrier. Do you really understand how tax refunds work? You may have read - or have been told – that getting a tax refund isn’t necessarily a good thing. Having Uncle Sam send you a big windfall just means your employer over-withheld Federal taxes from your paycheck last year. Sure, you could have...

Waiting for a response to a credit card or loan application can be nerve wrecking. You might half-expect to be turned down if you know you don’t have a good credit history. On the bright side, if your fears are realized and you are turned down, lenders have to tell you why, even if your credit isn’t the blame. ECOA Adverse Action Notice Under the Equal Credit Opportunity Act, the lender must tell you the specific...

An important financial measure that lenders use – and that you can use too – is the debt-to-income ratio. Lenders use the debt-to-income ratio to qualify you for a loan because it tells the percentage of your income is spent on debt payments. If the ratio is too high, you may not get approved because the lender will assume you can’t afford another debt payment. You, too, can use the debt-to-income ratio to gauge your financial...

Hackers target companies that store sensitive consumer data – like passwords, social security, numbers, and credit card numbers – all the time. Unfortunately, some hackers are successful at dodging company firewalls and stealing customer information. Some of the biggest data breaches of all time have happened in the past few years. Every customer whose data is stolen is at a greater risk of becoming an identity theft victim. According to the National Conference of State Legislation,...

Gas prices are expected to reach record highs this summer which means filling up the tank could get pretty painful. You may consider offsetting the high cost of gas by getting a credit card that rewards your for gas purchases. Good idea. There are many gas rewards cards out there, but not all of them are great deals. And a few even cost you more than they reward you, so choose carefully. More back on gas...

A credit card charge-off is the worst credit card status you can have. That’s why you should avoid letting your credit card get that delinquent, if you can help it. How Charge-Off Happens You’ll have plenty of warning before your account gets charged-off. Each month that you’re delinquent the credit card issuer will contact you via phone, mail, or even email to let you know that your account is seriously delinquent and in danger of default....