In a pay-for-delete letter, a debtor offers to pay a debt collector in exchange for removing a delinquency from their credit report. You’re essentially paying them to “delete” the negative item. However, is pay-for-delete worth it, or should debtors consider…
Credit
If you have a poor credit score, you’ll likely find it difficult to get approval for a loan request. And if you do get your loan approved, you might get higher interest rates because of the “risk” you bring to…
Love them or hate them, credit cards are such a part of our lives nowadays it’s hard to imagine life without them. But they haven’t always been around—before the 1950s, credit cards were unheard of. Now, they have grown into…
With all the complex terms and abbreviations, a credit report can read like it’s written in a foreign language. Well, here’s your translation guide. When you understand credit report abbreviations and credit report terminology, you’ll have the power to read…
Are you looking into getting a credit card? If you’ve never had one before, it can seem like a totally foreign world trying to understand the different card options and their benefits. As you’re learning about various cards and card…
When you apply for a loan, creditors use your credit score to judge your past use of debt and determine how you are likely to handle debt in the future. So what if you have bad credit or no credit…
Are you looking for an alternative to traditional credit and debit cards? There are many reasons why you might consider using a prepaid credit card instead. Maybe you want to stay away from traditional banks or control your spending and…
You may be wondering how to fix your credit or how to improve your credit rating. Think of this article as a crash course—How to Improve Your Credit 101—for beginners who want to learn credit basics and take charge of…