By simply following the plan, one day at a time, then one month at a time, your positive financial changes will take you further from your mistakes. And that's how your credit score will improve, as will your peace of mind. So where do you start?
There are many steps consumers may take to deal with any credit issues that arise. Whether you tackle these problems by yourself, or rely on consumer advocacy institutions, being aware of the following steps can end up saving you a ton of headaches.
Paying off credit card debt might be one of the best moves for your personal finances. This can improve your cash flow, giving you an opportunity to build an emergency fund or save for retirement. Plus paying off credit cards helps increase your credit score.
Sleepless nights. A knot in the pit of the stomach. A gnawing sense of unease. Charles Phelan was familiar with the physical and emotional toll of debt. But usually it was his clients who were experiencing those symptoms. This time, it was his turn.
Consumers with less than average credit, or poor credit, have difficulty acquiring the necessities that lead to comfortable living. Obtaining an excellent credit score can be extremely difficult, especially if consumers with poor credit don't know what they're doing wrong.
First, realize that you're not fighting a losing battle. The very fact that you see the problem and want to do something about it means you're already starting on the solution. And you're correct that it is a matter of attitude.
It's not the end of the world if you have bad credit. Actually, millions of Americans have credit that's rated below average. While it's not something you might be proud of, it's important to know that there are some ways to make it better.
The IRS tax filing deadline is this week, and the average refund so far has been about $3,500. The question is: what should you do with that refund? The truth is, a tax refund can be a lifesaver for some, but can cause more trouble for others.
Poor money management is the number one reason consumers experience debt disasters. If you suspect you might be on the brink of a financial disaster, here are five tell-tale signs that you need to make some serious financial adjustments.
One night I grabbed a glass of wine, put on music and set out all my bills on my dining room table so I could write out my monthly expenses in a notebook. I always knew the rough amount of my expenses but had never compiled them together all in one place before.
Why isn't financial literacy education working? Because financial literacy education is largely funded by the very same businesses that prosper when young people make poor money decisions -- big banks, credit card companies and other huge financial industry businesses.
Debt settlement companies can be helpful, but consumers should learn about how these services work before making any agreement. Here's what you need to know to determine whether debt settlement is right for you.
While building up a credit score and credit history is ingrained in virtually every American today, we are seldom presented with information that can make the tasks at hand less perilous. Below is a simple list of mistakes to avoid as you use credit cards.
You may be surprised to hear me say this, but LUCK is all you need this St. Patrick's Day to keep your credit healthy. L.U.C.K. as I define it. As you know, maintaining healthy credit is not an accident, it's intentional and it takes work.
Studies released by Urban Institute in July 2014 showed that 35 percent of Americans -- roughly one out of three -- are so behind in their finances that they have debt in collections. Many people become overwhelmed by their debts, but they don't have to be.
Building healthy credit and maintaining it may not be as glitzy and glamorous as a stroll down the red carpet at the Oscars, but it is an important part of writing and starring in your own healthy financial future.