The good intentions of the Credit Card Act may be a double-edged sword that prevents some responsible consumers from getting access to credit. While the act will stop hefty charges, double-cycle billing, and interest rate increases without warning, it will likely affect small businesses and financially-strapped consumers who are unable to verify their income [...]

As soon as you turn 18 you can become eligible to apply for a credit card. If you are denied because of your age, marital status, racial background, sex, religion, national origin, or any other discriminatory factors, it is important to insist on your rights. It is the job of any financial institution to disclose why you were denied for credit.  In most [...]

There are a lot of misconceptions surrounding credit reports and things you can do to help raise your credit score. As a result, some people make unnecessary mistakes when they’re trying to improve their standing. This is an unfortunate fact that can easily be avoided. Below are 4 common myths that can destroy your record instead of improving it. 1.&n [...]

People can expect a vicious cycle of challenges after getting laid off. First, you become one among the millions of Americans who lost their jobs in the last several months. Then, the bills keep on coming – mortgage payments, auto loan repayments, credit card bills, and medical bills. At this point, you are even more desperate and pressed to find a new [...]

Damaging information on your credit report will affect your credit scores and can hinder your ability to qualify for a mortgage, credit card, or personal loan. In fact, a bad credit score can even affect your ability to get a good job. As a result, you’re not only stuck in a job you don’t particularly like, but you also may not be able to rent or [...]