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S. Lieberman - ArticlesWriting financial and debt consolidation articles for over 10 yrs. Been in the credit counseling biz for as long as well
Credit Cards: Frequently Asked QuestionsA secured card is a credit card that a cardholder "secures" with a deposit to ensure payment of the outstanding balance if the cardholder defaults on payment. Secured credit cards are targeted to customers with imperfect or limited credit histories who do not qualify for a traditional unsecured credit card. 0$ Balance Transfer TrapWhy are credit card companies so eager to offer you 0% balance transfer to you? Why do they make it look so tempting to transfer that debt to there 0% credit card? Bad Credit WarningIf your credit is damaged, don't fall victim to a company that promises to be able to repair your credit for you. Everyday, companies nationwide appeal to consumers with poor credit histories. They promise, for a fee, to clean up your credit report so you can get a car loan, a home mortgage, insurance, or even a job. The truth is, they can't deliver. After you pay them hundreds or thousands of dollars in up-front fees, these companies do nothing to improve your credit report; many simply vanish with your money. Who are Credit Bureaus?Credit bureaus, also referred to as a credit repository, is an entity that gathers information about consumers' credit histories. Your credit history includes information concerning your identity, your payment habits, and your public record. Credit Counseling Vs. LoansThe multiple options available to consolidate ones debts can be quite confusing, credit counseling programs, debt settlement, debt consolidation loans, bankruptcy are just a few options available today. Trying to find the best option to suit your current financial situation can be a difficult task. Get Out of DebtThere are simple steps you can take to get yourself out of debt. Unfortunately they are not necessarily easy, but if you stick to them, you will become closer to debt freedom. Debt to Income RatioWhat is your debt to income ratio? Take your monthly fixed expenses and divide that by your gross monthly income (before taxes and deductions). Ways to Avoid BankruptcyMany people now a days have severe financial difficulties. While bankruptcy is usually the last resort in a long road of financial pressures for many, others may declare bankruptcy a little too early, sometimes without even considering the bankruptcy alternatives. Your CheckbookDo you know how to balance your checkbook? Do you have overdraft protection on your checking account or a debit card? Many consumers fail to properly manage their finances, and they do not understand the consequences of a mismanaged checking account and the potential cost it can involve. College Students and Credit Card DebtStudents did you know you are graded on more than the subjects that you are taking. During this time of your independence the use of credit cards will become part of your credit history.
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