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Are You Financially Prepared for Disaster?

Are you financially prepared for disaster? Answering this question may not be as easy as it seems, because there are a lot of different considerations that go into preparing yourself for one of many different disasters that can occur. For example, are you financially prepared to handle a natural disaster like a floor or a [...]

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Tips for Students and Credit Repair

There are stories all over America right now that are talking about college students finding themselves in severe debt. These students find it impossible to tell their parents and are overwhelmed.  They are completely unaware of the fact that there ways to come back from debt and bad credit. Rather than seek help, they simply [...]

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Five Tips to Help You Ride Out the Credit Crunch

If you are worried about your financial state in the current credit crunch, there are a few steps that you can take to ensure that your money is safe. Instead of passively worrying about disaster striking, you’ll be taking proactive measures that could pay off if the economy worsens. Here are five great tips to [...]

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What is a Good Credit Score?

Most people know what a credit score is, but not really what it means or is all about. What qualifies as a good credit score? Some people consider a good credit score to be 720+, but this is classified as above average credit, or “very good credit”. Most people do not have a credit score [...]

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Should You Pay Down Your Debts?

One of the biggest issues that many consumers face is figuring out how much debt they should be carrying. As Americans struggle with mounting debts, the focus has shifted towards paying them down and getting them under control. While there are many benefits to paying off your debt, there are a few things to keep [...]

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Welcome to the Carnival of Credit Report Stories

Welcome to the November 10, 2008 edition of credit report stories!
Rich Credit Debt Loan is happy to host the latest edition of the Credit Report Stories carnival. We hope you enjoy the posts and find many worthwhile articles. Below are our editorial picks:
Credit Karma presents Balance Needed As Credit Card Rules Experience Change posted at [...]

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Roundup: Day of the Dead

There is much to read in this edition about the economy and credit. The photo for this edition was chosen because of the news headlines of a shrinking economy. We hope you appreciate the play with words and photos. Have a great weekend - we’ll see you for a new week of posts starting tomorrow.
National [...]

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What is the Biggest Obstacle For Your Credit Score?

If you are struggling with a low credit score and can’t seem to make any progress, it is important to identify what obstacles you are facing. Once you have this in hand, you can start to make changes that will help you get your credit rating back on track. Here is a brief guide to [...]

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Protecting Your Credit Score in the Credit Crunch

Protecting your credit score during the credit crunch is absolutely vital if you want to get through this period of economic turmoil alive. Credit card issuers are beginning to feel increasingly skittish regarding risky credit borrowers because debt and card holder delinquency are greatly increasingly, and because the housing market and job market are both [...]

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Credit Scores and the Economy

Because the economy is sinking, we are finding that credit scores are rising significantly in their importance. In today’s apparently struggling economy, creditors are tightening the reins when it comes to how they lend. This is leaving many people to wonder if their credit is still good enough to seek the lending that they need [...]

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4 Quick Fixes For Your Credit Score

If you are trying to get your credit score fixed as quickly as possible, there are a few techniques that you can use that will dramatically impact it in very little time. These methods will work best for those that have a low score, but many will also impact a medium to high score as [...]

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How Bad is the Credit Crunch - Really?

If you are paying attention to the news about the credit crunch, it is all too easy to get caught up in the whirlwind of bank failures, rising interest rates and the prospect of doom and gloom everywhere you turn. While there is no denying that we are in economic trouble at the moment, there [...]

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Do You Really Need Credit Cards?

Given the state of the economy and the rising debt burdens of millions of Americans, many people are left wondering whether they really need credit cards. The answer to this question lies in how well you can manage your money and whether or not you are prone to overspending. Let’s take a look at some [...]

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Bad Credit Means Paying More For iPhones and Cellphones

As demand picks up for the iPhone, many consumers are finding that they are having to pay a premium price in order to get their hands on one. According to Nick Starr, those with bad credit may have to pay up to an additional $750 just for the privilege of owning one [...]

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5 Steps to Get Your Credit Ready To Buy a Home

If you are thinking about buying a home in today’s market, it’s never been more important to make sure that your credit rating is going to be sufficient. Banks are closing their doors to many that are deemed to risky, and if you want to get an approval for your loan, you will need to [...]

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What Does a Credit Score Really Mean?

Out of all of the credit related terms consumers have to deal with, a credit score may be one of the least understood. Credit scoring is a standard developed to help companies and banks determine overall risk. Your credit is important. A low score is considered to be a bad thing, while a high score, [...]

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Restore Your FICO Score – Part Three

In the previous parts of this article we discussed how FICO score can impact your financial status as well as the initial steps that you can take to begin restoring your FICO score. We covered handling collections first since they do have a big impact on your overall score, but there are a few other [...]

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The Importance of Knowing What Is In Your Credit Report

Many of us go through life, blissfully unaware of what is going on in our credit reports. We pay our bills on time, at least most of the time, and open up new credit cards whenever we feel like it. In fact, you may never really know just how bad your credit is until you [...]

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Is The State of Your Credit Forcing You to Spend More Money?

Many of us don’t realize just how much of an impact our credit scores can have on our finances. What triggers change in your credit scores? Well, if you have had difficulty paying your bills in the past, or you have not done much work to build up your credit history, chances are your score [...]

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Restore Your FICO Score – Part Two

In our last post, we covered how to begin the process of restoring your FICO score, as well as how changes can affect this score. Now that you are ready to begin, there are a few steps that you will need to take. Many of these steps require diligence on your part and a little [...]

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Restore Your Fico Score – Part One

While obsessing over a FICO score is not a good idea, this is a number that will have a lot of bearing in your life. This number determines whether or not you will be able to get a house, a new credit card, or in many cases, whether or not you will be able to [...]

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How to Undo The Results of Financial Trauma

Whether you’ve lost your home or your job, or your money management skills over the years have left you severely in the hole, it is never to early to start turning things around. You can bounce back from financial trauma, but it will take some effort and dedication on your part. Here are some tips [...]

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6 Steps to Get Back on the Right Financial Track

Millions of Americans have found out this year that they are in dire financial straits and this came as a shock to most. Whether it’s a new variable rate on a mortgage, higher gas prices or just the higher cost of living, many of us are not as financially secure as we would like to [...]

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6 Easy Tips on Raising Your FICO Score

In today’s world, it’s easy to define your self worth by your FICO score. Whether you are trying to buy a house, get more credit or just get back on the right track, a low FICO score can really impact your entire life. However, there are some easy steps that you can take to increase [...]

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Running Out of Time? How to Catch Up Financially Before it is Too Late

Whether you are pushing thirty and trying to get your first home or your retirement is staring you in the face, there are times when you may feel as though you’ve run out of time financially. We don’t always make the best decisions when it comes to saving money and before long, we end up [...]

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How to Avoid the Three Worst Financial Traps