Credit Information

Credit Information

Minimum Credit Card Payments to Rise


For years, major credit card companies have allowed cardholders to make minimum payments of 2% of the outstanding balances on their credit cards. Having customers pay the minimum doesn't reduce the balance by very much, but when the 18-30% interest rates that many credit cards charge is applied, the result is a profitable ones for the banks that issue credit cards.

Collection Agency Secrets for Collecting on Bad Debt


Getting worried that one of your clients, customers or patients will never pay? Have you given up on a customer who's essentially said he won't pay? Congratulations--being stiffed by a customer or patient is a milestone in the growth of a business or medical practice. But even the most hopeless of bad debts can sometimes be collected-collection agencies have been doing it for years.

Commercial Collections: Business Finance Booster Shot


Commercial collections: fixture of the new B2B cultureIf you're in the business-to-business field, or even if you're a consumer products business that works through third-party distribution channels, you probably know what it's like to check your mail anxiously each day, sifting through all the bills for that payment that was supposed to have been in months ago.It wasn't supposed to be like this.

Will Inquiries Lower Your Credit Score?


What are inquiries?When you apply for credit the creditor or lender checks your credit report to verify that you qualify for the credit or loan you are applying for. The "inquiry" is then reported to the credit bureaus and shows up on your credit report.

A Summary of the Fair Credit Reporting Act


This summary of the Fair Credit Reporting Act will explain what you can legally do if you want to repair your own credit report. No matter what you hear, you can dispute credit information on your credit report if you understand the legal rights you have under this law.

Recognizing the Signs that You Might Need Credit Counseling


Most families in America today have a credit card; some have two or more. The type of credit card you own, gold, platinum, ext, is almost a status symbol in society.

Understanding the Process of Credit Counseling


Many of us have seen the advertisements on television. "Get out of debt fast!" "We can solve all your credit problems with only one call!" These sound really great but you know that, realistically, one call is not going to solve your credit problems.

Bankruptcy vs. Credit Counseling: What Should I Do?


Credit Counseling and bankruptcy are both ways to relieve the stress of debt. However, they are very different and it is important to understand both before making a decision as to which is best for you.

Credit Repair Kit Sound To Good To Be True? It Is.


A lot of people have bad credit. It is unfortunate that good people with good intentions are sometimes lured into credit card offers with outrageous interest rates or convinced to buy a new, overpriced car that they cannot afford.

Bad Credit? No Credit? Yeah, Its a Problem.


Many companies use the slogan "Bad Credit? No Credit? No Problem!" The truth is that it is in fact a problem and there is no easy way to correct it. It takes a lot of time and effort to obtain credit when you do not have any and even longer to fix bad credit.

Errors on Your Credit Report: What You Should Do


There are times when you may be turned down for credit and you do not understand why. According to the Fair Credit Reporting Act you are entitled to a free copy of your credit report if you have been denied credit because of negative items on your credit report within 60 days of the request for credit, if you are unemployed but looking for work, are on welfare, or believe that your credit report is incorrect because of fraud.

Are you paying higher interest on your credit cards than you think?


Many credit card holders sign up for a credit account with an 8.9% interest rate and then later realize that their interest rate has been bumped to 27.

How To Establish Great Credit


Building a good credit history is important. If you have no reported credit history, it may take time to establish your first credit account.

The Hazards Of Your First Credit Card


You probably don't need me to tell you credit cards are easy to get a hold of; at least, that is so in the US and UK. How many weeks pass without a glossy brochure promoting a credit card popping through your letter box? And that's just your mail; the tv advertising budgets for credit card promotion are enormous, with some famous faces often adorning your screen, smiling beautifully as they tempt you.

Getting Married? What Are The Finance and Credit Implications?


There is a big difference between looking after your own finances while living alone, or with parents, and living with a partner. The transition can be very difficult, especially if both partners are strongly independent, or one partner is financially weak and the other strong.

More Articles from Credit Information:
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MORE RESOURCES:

TheStreet.com

S&P upgrades Invesco credit ratings
BusinessWeek
Standard & Poor's raised investment-grade credit ratings for Invesco Holding Co. Ltd. on Wednesday, citing the investment manager's recent performance ...
S&P says may cut AT&T's credit rating by one notchReuters
AT&T Placed on Credit Watch NegativeTheStreet.com
AT&T: Focus On Buybacks Could Spur S&P Credit Rating CutBarron's (blog)
Dallas Business Journal -Phone Plus (blog) -MarketWatch
all 60 news articles »


Real Estate Bonds Entice Goldman as Ford Sells: Credit Markets
BusinessWeek
Elsewhere in credit markets, Bank of America Corp., the largest US lender, and Banco Santander SA, Spain's biggest bank, are selling bonds in euros after ...
Company Bond Returns Trailing Stocks by Most Since February: Canada CreditBloomberg
MultiPlan Offers Debt in Busiest July Since at Least '98: New Issue AlertBloomberg
ANALYSIS-Banks rethink may prompt investor return from junkForexyard

all 16 news articles »



Reuters

Swiss Stocks Rise; Credit Suisse, UBS Jump on Banking Upgrade, ABB Climbs
Bloomberg
The pesticide maker's drop offset Credit Suisse Group AG's 1.1 percent advance after Deutsche Bank AG raised its recommendation for the European banking ...
Gruebel Tops Goldman Sachs With `Don't Lose Any Money' Risk-Mantra at UBSBloomberg
UBS May Lift Fixed-Income TargetsWall Street Journal (blog)
UBS posts second-quarter profit of $1.9 billionThe Associated Press
Forbes -Reuters -Toronto Star
all 588 news articles »


The Economist (blog)

Do Credit Cards Siphon Money From the Poor to Rich?
The AtlanticWire (blog)
The credit cards, which has unwittingly created "reverse Robin Hoods" has had the effect of "simply rais[ing] prices for those who pay cash. ...
Bank reforms to pinch consumer creditWashington Times
Transfers lower credit card interest rateBankrate.com
Best low zero percent interest rate balance transfer credit cards – No APR 0 ...Healthy Financial Habits
NewsReleaseWire.com (press release) -PR Newswire (press release) -KY3
all 88 news articles »


Investors Should Sell Japan Sovereign Default Swaps, Credit Agricole Says
Bloomberg
Investors should sell credit-default swaps on Japanese government debt because prices overlook the ...

and more »


Citigroup to Target South African Government Contracts With Credit Cards
Bloomberg
South Africa is the 50th country to take delivery of Citigroup's commercial credit cards with services planned in United Arab Emirates, Turkey, Greece, ...

and more »



With Squeeze on Credit, Microlending Blossoms
New York Times (blog)
But tight credit and the recession have increased the demand for smaller loans in the United States, giving microlending a higher profile and broadening its ...

and more »


Big credit troubles can grow from small charges
Detroit Free Press
We all know by now that the crooks are after your debit and credit card data. And they're still sending out fake e-mails to get it. ...

and more »

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