While the United States may have one of the largest economies in the world, the country has its fair share of problems. In fact, one of the major challenges facing the U.S. today is the overwhelming amount of national debt. The country’s national debt is made up of direct liabilities or money which is owed […]

In the United States, the ability for individuals to make large purchases, obtain loans or rent out property is all dependent upon their credit worthiness. The truth is without a decent credit rating, life can become extremely difficult. This is because financial lending institutions perform a thorough credit check before lending out any money. Therefore, […]

When it comes to obtaining money for personal needs, such as student loans, home loans, and other kinds of financial services, banks are a popular type of lending institution that many borrowers turn to for help. However, many people are beginning to discover that banks are not the only option available in today’s lending market. […]

A credit score is the quantifiable end result of an assessment of your credit history and credit report using a complicated formula to forecast risk for creditors and lenders. Lenders use credit scores to makes decisions on the interest rates on your credit instruments or loans, issuance of loans or credit cards, and increasing credit […]

Since the first charge card was launched in 1949 by Diner’s Club. Fifty nine years later, people have become consummate consumers; making more than $2 trillion in transactions each year. Increasingly, Americans are using credit cards more than cash. As credit card use has increased, so have the complexities of these credit instruments. Herein, it […]

The consumer debt situation has grown unabated for close to two and half decades. The average credit card debt in America is $9,000 and the overall debt is even higher. The majority of the consumer debt is made up of credit card debt. The debt situation is getting worse every day but the debt is […]

A credit score is the final result of a complicated formula that is used to forecast risk for loan lenders and creditors. The credit score is determined by using information in your credit report, account history and/or applications. The main purpose of the exercise is to accurately ascertain the timely payment of accounts, as well […]

Mortgage refinance has always been the choice for homeowners when mortgage rates are lower. In the beginning of this year, mortgage rates fell below 6% for the first time since 2005, leading to a surge in mortgage refinancing. In January, more than half of the all mortgage loan applications were for mortgage refinancing. Just in […]

Credit report and credit history are some of the most important facets of your credit. Americans by law can access their credit report annually for free. It is easy and simple to obtain and crucial to your financial success. Any inaccurate information on your credit report can create issues with prospective employment, credit cards, qualifying […]

Credit card identity theft is one of the fastest growing crimes in the country. As criminals become more brazen and technology savvy, protecting the integrity of your credit report and credit history becomes even more important. Important information on bills, canceled or blank checks, investment and credit card statements are easy prey for identity thieves. […]