Tips Guides

Todd Ossenfort, chief operating officer at Pioneer Credit Counseling, says that credit repair is a matter of time and patience. He often fields letters from people who complain that their credit scores don’t increase after they pay their debts off. Delinquent account holders cannot expect a magic wand to remove those blemishes overnight; instead, the late payers will have to suck it up and wait seven years.

It is always best to pay back old debts rather than just ignoring them and hoping they will go away over time. Time won’t stop harassing creditors from calling or lawyers from taking [ Read more ... ]

Many consumers are very interested in reducing debt and consider the balances on several credit cards to be a roadblock to buying a new house, or a luxury boat for use on family vacations. People have taken the benefits offered by lower interest rates to reassess the credit cards in their wallet. Many consumers have turned to the internet to gain information that can be used while rating credit cards. Credit customers can afford now to be meticulous about the credit cards they use everyday.

Good credit customers have always been meticulous about how they use credit and it is reflected [ Read more ... ]

It feels like the walls are closing in when you’re high in credit card debt. The interest rates and late fees can really make the situation insurmountable, especially if it happens on a few different cards. Suddenly, your $10 minimum monthly payment skyrockets to $400 and you’re paying $40 late fees, as well as a 19.92% interest rate to boot!

If you were previously a good customer, then you can often negotiate on your own by simply calling your creditor. If you’ve slipped behind and failed on your promises for several months now, it’s a good time to seek credit [ Read more ... ]