Warning: Todays Non Profit Credit Counselors Are Yesterdays Bill Collectors!
Here’s a dirty secret, today’s “non profit credit counselors” are often just front organizations paid lucrative commissions by creditors to keepconsumers from declaring bankruptcy!
Credit Card Dirty Tricks
There are many of us that have been badly stung by credit card companies that have charged exorbitant fees to usetheir credit cards. Several years ago an APR of 25% to 29% was common place which in simple terms means thatif you borrow £1,000 your interest on that money would be £250 to £290 a year. Criminal when you think ofit but I suppose we have to consider interest rates were much higher 8 to 10 years ago and there werefewer credit card companies on the market.
Credit Counseling: Is it Really Necessary?
Not everyone has a positive experience with credit counseling. Potential creditors often frown upon consumers who are going through creditcounseling, denying them credit or sticking them with elevated interest rates on new lines of credit.
Ten Steps To Building A Good Credit History
Are you thinking of buying a house? Do you want to buy a new car to replace that old wreck? Tryingto get insurance on you home, auto, or life? In each of these situations, what’s on your credit report will determineif you can get a loan or insurance and what rates you’ll have to pay.
Good Credit — Essential for the Prospective Home Buyer
Credit is a funny thing. It can be a useful tool in the hands of an informed individual, or a weightof burden to the unsuspecting. One thing is for certain, you must have a decent credit score to attain a qualitymortgage loan.
Beat Credit Card Companies at Their Own Game!
Have you ever wondered how much money a credit card company makes? Have you ever wondered how much of that comesfrom late fees? Everyone has and if you haven’t you should because most likely you own a credit card, which meansthat these late fees has or could directly affect you.
Credit Enhancements: Seven Tips For Enhancing Business Credit Transactions
What are the avenues available to businesses with weak credit profiles or to companies pursuing credit transactions that are perceived astoo risky by credit providers? Many companies apply for credit at banks, finance companies or equipment leasing firms and are routinelyrejected due to the high degree of perceived credit risks. When approaching a credit provider, it is helpful to understand whatcan be done to reduce the risk of a credit transaction in the eyes of the provider. Never accept a creditrejection without considering credit enhancements. Here are a few tips on credit enhancement to help guide you in approaching the credit process: