Banking and Credit Articles

The credit card balance transfer is popular with credit card users. The balance transfer can offer interest-rate savings on credit card debt. A balance transfer simply means moving debt from one or

You find yourself suddenly behind on your mortgage, and you wonder, “Does this mean I’m a bad person?” No, you’re not a bad person. You’re actually one of millions all around the USA who have fallen

History of Loan Sharking Loan sharking is the practice of lending money to desperate people at extremely high and illegal rates of interest. Loan sharks, or shylocks, make a big profit from people

What a difference a year makes. Last year at this time Bear Stearns had a high flying stock price of $150 a share and a market valuation of 20 Billion. Having been founded in 1923 they were consider

An adjustable rate mortgage, called an ARM for short, is a mortgage with an interest rate that is linked to an economic index. The interest rate, and your payments, are periodically adjusted up or dow

Your credit score is the three-digit number that lenders obtain from a credit bureau in an attempt to sum up your credit risk. Your credit score gives lenders a snapshot of your credit and debt sit

The housing market has been a wild exhilarating and joyful ride up these past several years only to nose dive down with increasing speed and equal frustration. The stomach turns within the belly of t

In the United States, bankruptcy laws are created and amended by the federal government. The Bankruptcy law courts are responsible for administering these laws. The aim of the courts is to mediate in a dispute where one person owes other people or businesses a sum of money. The courts will try to retrieve as much money as possible from the debtor and distribute it to the creditors. However it will do this in a manner that doesn't completely ruin the debtor and allows him/her to recover with prudent financial management. The estimate is that around a million people will go bankrupt the US this year. They will think about filing for bankruptcy if they cannot pay their debts. This article will discuss the options available to them if they want to file for personal bankruptcy.

It probably comes as no surprise to most people that "somewhere" there is a credit report on them that knows everything they ever did, good and bad, financially. Unfortunately, this is where their knowledge stops though, and not knowing the real scoop about how this really works is actually hurting them.

If debt is consuming your life and paying the bills each month is like pushing a rock uphill one solution may be a credit counseling service specializing in the consolidation of debt. These type of companies can offer advice to help you in establishing a budget, giving tips and instruction on using credit wisely, show you a plan to track your bills and manage money more efficiently. Face it most of us went through school without any financial education.