By Bylines by Jo
The short answer is "no," a credit card company cannot take your Texas home. If a debt collector threatens to do so, then he is in violation of Texas state law. There are other illegal practices that many debt collectors may use to recoup a debt. Knowing what these actions are will help you protect not only your home, but your lifestyle from fraudulent credit card debt collectors....
By Phyllis Benson
A credit score is a rating that helps predict if a person will pay debts and credit payments on time. The credit score is based on information from a credit report. The credit report shows consumer financial history, how much is owed, the type of credit activity and other factors. Credit scores determine whether or not you can get credit and how much you will pay for loans or credit. If you have...
By G. keith Evans
With the economy on shaky ground, many Americans have plunged further into debt. Along with increasing debt comes a higher likelihood of going over an account's credit limit, a potentially costly violation that, left unchecked, can have disastrous effects. Learn how a credit limit can be exceeded and how long it can remain in that state, as well as some benefits and warnings about exceeding a ...
By Amber Keefer
Non-profit credit counseling agencies are designed to help clients resolve financial difficulties, as well as learn how to successfully manage debt. Consumers should keep in mind, however, that there is a limit to what a credit counselor can do. Unfortunately, there are a number of bad credit counseling agencies out there. This is all the more reason for consumers with financial woes to be wary...
By Lashunda Wilkison
It's essential to have a good credit rating. Credit is fundamental in obtaining a house, automobile and personal loans. Perhaps you have gotten off track financially, been laid off or fallen ill. Whatever the case, it can affect your credit. If you're attempting to get a mortgage, you can't have collections on your credit report. You are unsure if paying the collections will help, and ...
By Casey Lognion
A credit score is a way for potential creditors to judge a person's creditworthiness. Generally, a good credit score is considered to be over a 700 on a scale of 350 to 850. Fair is usually from a 600 to 700, poor is 500 to 600 and bad is anything under 500. But, getting a good credit score takes more than just paying your bills on time. The type of credit you have, the amount of available...
By Nellie Day
An ARM loan, or an adjustable-rate mortgage, provides the home buyer with a low introductory rate for a period of time, usually between one month and 10 years. Like a credit card, once this introductory rate period ends, the interest rate on the ARM loan is likely to increase substantially, resulting in monthly payments that could be as much as one and a half times the original monthly payments....
By Ysabel Doran
You can build or rebuild your credit with just one credit card. In fact, more than one card is counterproductive when you are establishing a new credit history, or repairing a flawed one. If finding the one credit card that's right for you seems like too big a hurdle, and you've decided on a simple cash existence instead, consider these things first. You will need a good credit history...