Divorce Means You’re Leaving Your Spouse, Not Lenders

Divorce can be a trying time in anyone’s life and the fact of the matter is that even beyond the emotional turmoil separating couples might go through, there are often many other considerations to think about as well. Unfortunately, that often includes credit card debt and other outstanding balances. One of the many aspects of […]

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How to Rebuild Credit After Divorce

Divorce can an incredibly difficult process for anyone to go through, and apart from every other consideration one must take into account at this time, it’s also imperative not to forget about the importance of maintaining a good credit score. Unfortunately, that’s often much easier said than done, and that’s particularly true because of the […]

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Credit Restoration, Savings and Smart Spending: Finance Tips For New Parents

Having a baby is one of life’s great joys, but for many parents, that doesn’t preclude it also being a time of considerable stress. Bringing a child into the world isn’t always cheap, and can force many adults to take on more debt than they might like, which in turn can lead to credit problems. […]

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Fix credit when after mismanaged debt load

Millions of Americans are still struggling with excessive credit card debt and other outstanding balances years after the end of the recession, and many may be suffering from low credit ratings as a result. Fortunately, there are numerous ways to fix credit following difficulty with large outstanding debts, and the first step any troubled borrower […]

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Credit help ahead of any major money decision

When a consumer is making a major financial decision of any kind, there’s a lot of factors that likely go into it. This can include purchase price, affordability, availability of credit, and the like, and all will impact their ability to make such a decision. For this reason, before they make any moves, there are […]

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Consumers once again borrowed more in November

Though many Americans have tried to curtail the amount of borrowing they do on various account types in the last few years, still more are borrowing at greater rates these days, leading to another uptick in consumer credit owed in November. The total amount of debt carried on both revolving and nonrevolving loans climbed 7 […]

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Credit scores may differ for lenders and consumers

While many consumers these days know that there is a large importance placed on their credit ratings when they attempt to obtain financing from a lender, it seems that in some cases, what they and the institution see for their scores are very different. While lenders still rely heavily on consumers’ credit scores to both […]

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Credit defaults increased in October

Today, many Americans are in better financial shape than they were just a year ago, but occasionally, economic indicators show the intermittent struggles some still face. That was true in October, when defaults on consumer credit ticked upward overall. Most loan types saw an increase in consumers falling so far behind on payments last month […]

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Lenders may take a look at changing collections methods

In recent years, the amount of debt being sent to collections by lenders of all types has scaled back considerably, but it remains a major problem for many financial institutions. To that end, some might now be considering new methods for dealing with the issue. Currently, it's believed that about 23 million accounts nationwide — […]

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Will merchants begin imposing credit card fees?

One provision of a recent settlement between merchants and the nation's largest payment processors, which has received preliminary approval, allows retailers to charge customers paying by credit card an additional fee. However, it's not entirely clear whether they will. Later this month, the rule that allows retailers to charge credit card "check out fees" to […]

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