Now that you're no longer employed, it's important to re-adjust your budget and start cutting back on your consumption. If you continue to live your pre-unemployment lifestyle, your debt can quickly get out of hand and become increasingly difficult to pay off.
There's a lot that the basics don't cover, and questions that you might be embarrassed to ask, like how to start rebuilding your credit after a bankruptcy. We cover 10 of the top I'm-too-chagrined-to-ask questions.
Falling off the fiscal cliff could mean another recession for the country. Another recession could mean a number of things, including a higher unemployment rate, a slower economy and, of course, more debt. So what does that mean for credit?
Typically, the longer your credit history, the higher your credit score. Many consumers assume closing accounts they're not using makes them look better to lenders, but it can have the opposite effect.
Banks are putting more credit cards into customers' hands, and the percentage of late payments has been inching upward -- two more signs that our post-crash caution is beginning to slightly wane. Is that a good thing? That depends: cliff or no cliff?
Gift cards and cash are the top two gifts consumers want to receive this holiday season and prepaid cards continue to grow in popularity, sometimes as an alternative to a checking account and sometimes as a type of gift card.
When a company is evaluating its own financial health and planning for growth or for weathering a downturn, an assessment of your current situation and probability of default helps create a more complete picture.
Accounting professionals by nearly a 2-1 margin said in an online survey that their business clients don't do enough to ensure creditworthiness of customers, vendors and other potential transaction partners before they extend credit.
We recently found that a significant number of otherwise credit-worthy people may have been denied access to credit cards because they did not have their own income independent of their spouse. We thought this issue deserved further consideration.
You and I might revel in the crisp autumn weather, but your credit score hates this time of year. The reason? Starting in October and continuing through the next 90 days, many households dramatically increase their spending.
The most important question a cashier can ask you is this: "Would you like to sign up for our store credit card?" Millions of Americans are saying "yes" to that question. But like any credit card, these retailer-branded cards may have terms that can get you in trouble.