Month: September 2011

U.S. Credit Downgrade: What Does it Mean for You?

In early August 2011, the Standard & Poors (S&P) rating agency made history by lowering the U.S. debt rating from AAA to AA+. Within days, the Dow took another drastic dip to the tune of 640 points. Amidst endless debt ceiling negotiations, a soaring unemployment rate, and an uncertain financial future, many consumers began to panic and asked themselves, “What does this mean for me?”

The Basics

Before delving into the effects upon consumers, it’s important to understand the basic meaning of the U.S. debt change. When the S&P announced the downgrade to AA+, they effectively downgraded the government’s creditworthiness on a worldwide scale.

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Creditworthiness and Character: Illustrating Responsibility

Clean credit offers a plethora of rewards: willing lenders, competitive interest rates, advanced buying options, and more. Why do such doors open? Responsibility, of course. Not only do clean credit scores inspire lender confidence, ones journey getting there is worth consideration as well. Read on to discover how achieving a record of clean credit illustrates your character strengths in addition to your financial fortitude.

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Getting What You Want with Clean Credit

Global internet commerce is an explosive entity. The advent of the online marketplace and low U.S. interest rates means there is always something to want and buy, and consumers with clean credit are reaping the benefits of smart planning and wise spending. A high credit score translates into financial freedom, something many consumers struggle to achieve on a daily basis. If you are looking for a direct route to getting what you want, follow the tips below; the rewards are worth the effort.

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10 Reasons Your Credit Application Was Denied

It’s a frustrating scenario: you decide on a purchase, work with a sales associate, fill out an application, and boom—credit denied. With questions floating around in your head, a denial for credit or other credit services is never easy. Take a closer look at the possible reasons you may have been turned down. A little knowledge could help you in the future.

  1. Your application is incomplete. First things first: is your application finished? Leaving out even the smallest item could result in credit denial for credit-related services. Go over the application to make sure the vital information is included.

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How and Why Credit Impacts Employment

The job market this year has been a dismal place for nearly 9 percent of the U.S. population. Despite the increase in jobs, many people are still struggling. When money is tight and positions are sparse, employers are becoming more selective about their personnel choices. Hiring managers want employees they can trust. The ability to perform well in any given job depends on your:

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