By Phyllis Benson
A credit score is a rating that helps predict if a person will pay debts and credit payments on time. The credit score is based on information from a credit report. The credit report shows consumer financial history, how much is owed, the type of credit activity and other factors. Credit scores determine whether or not you can get credit and how much you will pay for loans or credit. If you have...
By Christina Hamlett
For individuals and businesses that have gotten in serious trouble insofar as managing their finances and staying on top of their bills, filing for bankruptcy sometimes seems as if it is the only option available. Not everyone is eligible for this "last resort," however. This article provides a review of the legal requirements for eligibility in California and the consequences of what a ...
By Casey Lognion
A credit score is a way for potential creditors to judge a person's creditworthiness. Generally, a good credit score is considered to be over a 700 on a scale of 350 to 850. Fair is usually from a 600 to 700, poor is 500 to 600 and bad is anything under 500. But, getting a good credit score takes more than just paying your bills on time. The type of credit you have, the amount of available...
By Robert Vaux
Making purchases on credit is a concept as old as finance itself, but the use of plastic credit cards as we know them today has only been around for about half a century. In the 21st century, they are an omnipresent part of western society, used (and abused) to make purchases of every conceivable type. Credit cards first appeared in the early 1900s as a means of generating customer loyalty....
By Amy Brantley
The constant ringing a phone is enough to get on anyone's nerves. If you're drowning in debt though, the ringing can be extremely stressful. You know you don't have the money to pay the collectors and you may have even tried reasoning with them. If only you could get them to stop calling. If your debt has been passed to collection agencies, you actually have the power to make them...