What’s the Worst Kind of Holiday Debt?

Managing Debt

What’s the Worst Kind of Holiday Debt?

What’s the Worst Kind of Holiday Debt?

Right around now, you’re getting or paying the bills you racked up during the holiday season. Maybe you didn’t realize you pushed your balances so high, or perhaps the expenses seem manageable. Either way, do you know how bad your debt really is? Debts carry different burdens, depending on the type and repayment structure. If... Read More

How to Reorganize Your Wallet

Credit Cards

How to Reorganize Your Wallet

How to Reorganize Your Wallet

Now that the holidays are over, this is the perfect time for Americans to take stock of their finances. As we come to grips with how much we spent during the holidays, and anticipate our income and expenses for 2014, we factor these into our household budgets. Likewise, now is also a good time to... Read More

Seriously Delinquent Mortgages Hit 5-Year Low

Mortgages

Seriously Delinquent Mortgages Hit 5-Year Low

Seriously Delinquent Mortgages Hit 5-Year Low

There are fewer than 2 million mortgages in serious delinquency as of November, a 26% decline from the previous year and a 5-year low, according to the monthly CoreLogic Foreclosure Report. A seriously delinquent mortgage means the homeowner is more than 90 days past-due on payments and is in danger of default and, eventually, foreclosure.... Read More

The Ultimate Guide to Debt Collectors

Managing Debt

The Ultimate Guide to Debt Collectors

The Ultimate Guide to Debt Collectors

Your first reaction when hearing from a bill collector may be panic or avoidance, or perhaps a combination. But those reactions won’t help the situation and could make it a worse. Most collectors are just doing their jobs, and some of them are so good at dealing with consumers that they get love letters from... Read More

When It Comes to Debt, Does Size Matter?

Managing Debt

When It Comes to Debt, Does Size Matter?

When It Comes to Debt, Does Size Matter?

Big, overwhelming, crushing. Small, manageable, insignificant. There are many ways to characterize debt, but definitions are relative. What exactly constitutes “a lot of debt”? “Any debt is too much if you can’t make the payments,” said Credit.com Director of Consumer Education Gerri Detweiler. Missing payments can put a big dent in your credit scores, but... Read More

Retirees: Do You Have the Right Bank?

Personal Finance

Retirees: Do You Have the Right Bank?

Retirees: Do You Have the Right Bank?

If you are over 50, retired, or hoping to retire soon, now is a good time to make sure you’ve chosen the right bank. And your decision isn’t just about the financial products and services you need now, but the ones you may need in the future. Nancy Butler (not her real name) learned this... Read More

5 Financial Habits That Will Change Your Life

Personal Finance

5 Financial Habits That Will Change Your Life

5 Financial Habits That Will Change Your Life

With 2014 underway, New Year’s resolutions are a dime a dozen. Study after study concludes that annual resolutions are rarely kept. In the words of Mary Poppins, resolutions are like a pie crust promise — easily made, easily broken. Resolutions aim too high. While getting out of debt, spending less, and saving more are admirable... Read More

11 Signs You Have Too Much Credit Card Debt

Managing Debt

11 Signs You Have Too Much Credit Card Debt

11 Signs You Have Too Much Credit Card Debt

Credit cards can seem like lifesavers when you want or need to make a large purchase. It’s so easy; it’s like buying something on someone else’s dime. That is until you overextend yourself and realize that what you will ultimately spend goes way beyond the initial purchase price. And credit card issuers are quite skilled in luring... Read More

Credit.com in the News 1.11.14

Personal Finance

Credit.com in the News 1.11.14

Credit.com in the News 1.11.14

In its Best of Everything list for 2013, Kiplinger’s Personal Finance named Credit.com the Best Credit Site, highlighting the Credit Report Card, which gives consumers a snapshot of their credit profiles and shows which areas need improvement. The information is updated each month, allowing users to track their progress over time. With that exciting announcement,... Read More

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