Category Archives: Uncategorized

Lower Interest Rates, Lower Payments on Credit Cards

One simple fact that many people do not realize is that, with the way most credit card company’s calculate minimum payments now, there is a direct link between your interest rate, or APR, and your monthly minimum payment.  In other words, a higher interest rate usually means a higher monthly payment, while a lower interest […]

FICO 08 – Credit Score Changes Coming

Credit scoring company Fair Isaac has announced that major changes are coming to the credit scoring system.  The changes, termed FICO 08, will attempt to correct what many feel are problems with the current credit scoring systems.  Some of the major changes will involve: Small delinquincies of less than $100, generally non-credit related, will have […]

Sallie Mae Mistake Hurts Borrowers

Thousands of borrowers who have student loans with Sallie Mae, the nation’s largest student loan lender, are seeing their credit scores plummet due to an error in Sallie Mae’s reporting to credit bureaus.  The error affects borrowers who are using the company’s graduated payment plan, which allows the borrow to make smaller payments, at times low enough to […]

Online Credit Card Consolidation Tips

As more and more people turn to the internet for their shopping, research, and various other needs, the popularity of online debt consolidation sites (and spam) has skyrocketed.  We generally recommend speaking with an accredited credit counselor who can answer questions, walk you through the process, and help you decide whether consolidating your credit cards […]

When You Need Help Paying Your Bills

Many of us at one time or another have found ourselves in a position of needing help to pay the bills.  Whether it’s mounting medical bills, rising credit card debt, or simply unexpected expenses, it can be very overwhelming when you do not know where to turn for help.  Many people either panic or simply ignore […]

House Passes Bill Aimed at Curbing Student Debt

The House of Representatives passed a bill on Thursday aimed at slowing down the rapidly rising costs of secondary education and decreasing the burden of student debt.  Despite strong opposition from the Bush administration, the bill passed easily by a vote of 354-58.  The legislation proposes to establish a list, published by the federal Education […]