Having large amounts of debt can cause many problems we all know. We blog about it here all the time. Debt affects credit score, your ability to get new loans, and even a new job. What we haven’t talked about yet is the strain it puts on your personal relationships. Sometimes the hidden debt isn’t even [...]
Job seekers today are finding it a difficult search for employment. Layoffs, cutbacks, and a rather sluggish economy have made a time of it for people looking for work. There is now however another obstacle that people may not realize when interviewing for positions; credit checks. An ever growing number of employers are now using [...]
For new college freshman, it’s an exciting time to become independent as they enter a world full of possibilities. For some, this is the first real chance to ‘detach’ from their parents and find their way as adults. Unfortunately, credit card companies are also looking to help students become ‘independent’. College universities used to be [...]
Credit card companies are bracing for impact. On August 22, just about a month from now, new legislation goes into effect for creditors in an attempt to stop the madness with late fees, inactivity fees, and multiple fees for late payments (see our post HERE). Credit card companies are preparing for HUGE losses due [...]
The FICO credit scores of US consumers are crashing and burning. You’ve probably already read that millions of people across America (43 million to be exact) are sinking below a FICO score of 600. The plummet is being fueled by rising credit card debt, foreclosures, late payments and otherwise huge amount of debt. In [...]
