You don’t really appreciate what everyone means by ‘credit crunch’ until you actually get rejected for a credit card or loan that you thought you were good for. The current economic crisis means that lenders are getting tighter and more exclusive about who they approve. The so-called ‘subprime’ group of consumers, ie those who are…
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Category Archives: Debt
How I Get My Credit Score For Free, And You Can Too!
Knowing and improving your credit score and credit report is important so that you can get the lowest interest rates, have access to credit and protect against identity theft. To keep my credit report and credit score in good shape, I get them for free twice a year. If you haven’t had credit before, or…
Improve Your Credit Rating In 5 Easy Steps
Most people in this modern world that we live in have a credit card. And the people that don’t may actually be doing themselves more harm than good. Building your credit rating up is vital if you ever wanted to apply for a loan or a mortgage, so you can imagine the disaster if you…
Low Interest Rates: The Good, the Bad and the Ugly
Global interest rates have been historically low for many years now. Many people assume that this is a great thing for the economy. To some extent, they’re right. But there are some dangers that lurk in rates that are kept too low for too long. For more information on how interest rates work, you might…
A Line of Credit, A Car Loan, and More Lies
Debt. In the world of personal finance, debt is a dirty word. Its sinful, carnal, an abstraction of evil itself. Growing up, I was always taught to avoid debt as much as possible. My parents taught me that the only reason you should ever go into debt is for education or a house, never for…
What’s Yours Is Mine: Consolidating Your Debts After Marriage
The phrase “What’s yours is mine” is especially true when you get married. Not only are you joining together two separate lives, merging two households and sharing one another’s hopes and dreams, you’re also becoming the proud co-owners of each other’s debts. From here on in, your spouse’s debt is your debt, especially if you’ve…
New Year’s Resolutions For Your Personal Finances
While we all hope to have our personal finances in order all year long, a new year can give us a fresh start to change some of the areas that need improvement. This first post of the year should give you some ideas of what you can do to make 2010 the best year yet,…
