By Isabel Prontes
Credit card companies cannot extend card offers to anyone who is not an adult, essentially, anyone under 18. However, there are a lot of easy ways that teenagers and parents can get around this and receive credit cards. The two ways that teenagers can get their own credit cards are low-limit cards and reloadable, pre-paid credit cards. There is one major reason parents and teenagers want to have ...
By Chris Beazer
With American households carrying more debt then ever before, it is no wonder that credit-card and debt-relief programs have become a thriving business. Unfortunately, many of these relief programs are scams. The idea of lowering your monthly payments or completely eliminating your debt can seem like a great plan. Most of the time, this notion is just too good to be true. With many of these...
By David Lessem
Bad credit can really undermine your financial well-being. It will make it harder for you to get good insurance rates, mortgages, APRs and other credit offers. Fortunately, delinquent accounts and debts in your past don't need to stay with you forever. If you can get on top of your debts and keep everything up to date, you can clean up your credit. Get up to date. Pay overdue balances on...
By Catherine Amo
Unsecured personal loans can be obtained without the backing of collateral. Unlike secured loans, unsecured loans are made in amounts that are so small that it is unnecessary for the individual to pledge his property as security to support the loan. Unsecured loans can be used for a variety of personal needs, including home repair or improvements, a new car or a vacation. This type of loan may...
By Ty Arthur
Many Americans owe some form of debt, whether it be from a credit card or a loan for a house or car. If you find that your debt is quickly increasing and you aren't making any headway toward paying it off, you need to act quickly to ensure that you don't get sent to a collections agency, have your wages garnished or end up having to file for bankruptcy. Go over your finances with a...
By Lars Tramilton
There are pros and cons to reverse mortgages. For many homeowners this may be an ideal solution to financial problems. Reverse mortgages provide instant access to cash that does not have to be immediately paid back. They also can offer much need financial stability. However, reverse mortgages also come with many strings attached. You must carefully weight the advantages and disadvantages of a...
By Stephanie Mojica
No creditor wants to sue a customer. Not only is it considered bad business, but the legal fees and other expenses can be a further loss to the credit card company. However, in cases where a lot of money is owed, a credit card company will often exercise its legal right to sue a debtor for violating his contract to pay his bills. While being sued is frightening, there is no longer any kind of...
By Chris Beazer
When buying a car, furniture or even a cell phone, your credit or FICO score becomes your ticket to being able to bring home your merchandise. The importance of your credit score also can reflect your ability to get a loan, mortgage or a credit card. It may even affect your ability to rent or get a job. Your credit score is based off the items found in your credit report. A credit report is a...