Credit and Loan Blog August Archive

Interest-free Loans?!?!?!

By Website Introductions at 08/30/08 13:33

An interest-free loan through your credit card? Is that even possible? The resounding answer is a 'yes', but only if you use credit cards to facilitate your cash flow management.

How is that even connected? Accounting Solver will tell you how.

Link: INTEREST-FREE LOAN AT YOUR FINGER TIPS

Bankruptcy surge by 29%

As the economy gets worse, more people are filing for bankruptcy. It has actually surged by 29% last year.

Things are getting worse by the minute. One cannot help but ask, "Is this the bottom already? Or is the worst yet to come?"

We cannot answer that now. Let us just wait and see how the market will develop.

News: Bankruptcy filings surge 29% - Aug. 27, 2008

Stunned About Your Credit Score?

You thought only lenders check your credit score. You found out that you are wrong. Now you thought that paying your debt will improve your credit score, when in fact it is still damaged. SO what happened?

This article from Money Central attempts to answer that question and more.

News: Weird stuff that hurts your credit - MSN Money

A Lot of People Check Your Credit Score

When we talk of credit scores, the only thing that will probably come to mind are lenders. True enough, lenders are the most known checkers of credit scores. But they are not the only ones. Credit scores will always be an integral part of our financial lives, and as long as we avail postpaid services, we will have our credit scores checked.

News: 5 people who check your credit - MSN Money

Secret Factors to your Credit Score

We all know that paying loans in due time and outstanding credit are factors that are considered when a loaning company computes your credit-worthiness. But do you know that it is possible that your purchasing behaviors are also taken into consideration? For instance, going to the parlor for a quick hair fix may penalize your credit score.

Sounds unfair, doesn't it?

Link: Your lifestyle may hurt credit score - MSN Money

Debt Settlement Basics

When paying your debts seem to be too difficult for your finances to handle, it must be the time to enter yourself in a debt settlement program.

It isn't that easy, but it's most definitely not that difficult. By reading this post in Debt Consolidation Care, you will have some basic knowledge about what you have to do in case you want to enter a debt settlement program.

Link: Debt Settlement - 3 Worst moves, Benefits & Right time to get started

Talk on Debt Relief Companies

As more and more people in the United States fall into a state of debt, lenders are starting to go bankrupt because of the unrecovered assets. One sector of the market, however, is benefiting from this trend. They are the for-profit debt settlement companies.

True enough, these companies have grown in size over the years. They have grown so much that the Federal Trade Commission has already noticed it. It is even hosting a seminar that will tackle these for-profit debt relief companies.

Link: FTC To Host Debt Settlement Workshop

All About Debt Settlem

Compromise will always be needed to settle disagreements. Sometimes, we just have to deal with that. This is also the case with debts wherein you and the debtor may agree to reduce the balance and pay in another schemed that was agreed on by both parties. This compromise is called debt settlement.

Link: Debt settlement - Wikipedia, the free encyclopedia