Using Secured Credit for Bankruptcy Clients

Secured credit cards are an option for customers that have had a spotted credit history. The cards available are applied for by customers with a less than perfect credit score that might not be approved for traditional credit cards. How do secured credit cards work? – Secured credit cards require the customer to pay a deposit to the credit card company that is equal to or a portion of the credit... [Click here to Read more]

Is Remortgage Debt Consolidation Right For You?

When people are in a credit crunch, they often just think about debt consolidation and don’t take into account the fact that there are other forms of it. The ability to get all your debts consolidated into one single loan is known as debt consolidation. This would require you to borrow money from a third party lender that is willing to give you a loan for the total amount of your debt. Based... [Click here to Read more]

Rebuilding Credit with a Debt Management Plan

Rebuilding credit….have you been dealing with bad debt for a while and still have no idea on how to get over it? When you miss payments for your credit card, mortgage or loan, it can seriously cause some harm on your credit score!. In terms of mortgage payments, when you start missing payments, the lender will consider sending your file to the foreclosure department. Credit card payments are... [Click here to Read more]

How to Get a Payment Holiday from Credit Card Debt

Is credit card debt dragging you down? Did you know that you can contact the credit card company in the case that you are facing financial difficulty and make arrangements with the credit card company to reduce the payments that are being made temporarily or even reduce the payments to interest only, for a limited time?. Credit card companies are often willing to extend these privileges to customers... [Click here to Read more]

Bankruptcy Alternatives: Debt Consolidation

Debt consolidation is one of the biggest advocated alternatives for consumers facing high levels of debt and considering bankruptcy. When the debt becomes too much to handle in the budget, consumers have the option to consolidate the debt and take those multiple monthly payments that are being made to multiple creditors and reduce these payments to one monthly payment with a loan that is used to repay... [Click here to Read more]

What Happens if I Miss Three Credit Card Payments?

There are many repercussions for customers that miss credit card payments. The customer can be charged over limit fees, late payment fees and even suffer from increased interest rates once the payments are missed – and in the case that the customer has missed more than three payments the credit card account is eligible to be cut off, and the account closed, causing the customer to have to repay... [Click here to Read more]

Using Secured Credit Cards to Improve the Credit Score

Everyone makes mistakes from time to time, but some mistakes are serious and can affect the credit score. Financial mistakes that are made including mistakes that have caused the customer to miss payments, default on credit cards and other bills and have notices sent to collections can drastically reduce the credit score – causing the individual to face higher interest rates and the inability to... [Click here to Read more]

Credit Card Debt – Which Credit Card Should I Repay First?

Making a credit card repayment plan is the first step to getting out of debt. Customers need to create a plan to know which cards are going to be repaid first, how much of the budget is going to be allocated to credit card debt and how long the customer is going to have to actively participate in the repayment plan before finally getting free of the debt that has been accumulated. When it comes to... [Click here to Read more]

Can You Repay Credit Card Debt with Snowflake Payments?

Credit card debt can create a bleak outlook for the finances. It can seem impossible to find the extra money in the budget to repay the debt when you are struggling to make ends meet and living paycheck to paycheck. Even if you think that there might not be enough room in the budget to repay the credit card debt, there are many options available, including using a method called ‘snowflake’ debt... [Click here to Read more]

Repaying Credit Card Debt: The Snowball Method

Building a snowball allows the snow to accumulate to make a large impact and create a bigger and bigger ball. Using the snowball method for repaying credit card debt uses a similar methodology, prompting the customer to repay the smaller credit card debt and other debts first and completing these in full. Once that is done, then applying the rest of the debt repayment budget towards the second smallest... [Click here to Read more]

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