helpmycreditreport.com

With the increase of identity theft virtual credit cards are becoming more popular each day however they must be distinguished from the prepaid credit cards we have previously discussed. Virtual prepaid cards not only help save you from identity fraud but can also help you protect your spending habits and thereby from hampering your credit report. These internet credit cards are created specifically for online purchases. However it might be advisable to enquire with your bank how their virtual credit cards work (if they issue them). In today’s fast paced e-commerce world, where consumers and sellers are miles apart, prepaid virtual credit cards might be the answer to making safe and risk free purchase over the World Wide Web.

Prepaid Virtual Credit Card: Definition

A prepaid virtual credit card, as the name suggests is virtual hence no real plastic card is issued. Most banks issue them. All you need to do is log on to your internet banking and apply for a virtual credit card and fill out the corresponding details. While applying select your limit based on the amount you are looking to shopping online. It is essential to remember that these internet credit cards usually expire within 24 hours and hence it is advisable to use them as soon as they are issued.

Once you have applied for the virtual prepaid card you will be issued with a 16 digit card number and a CVV2 number coupled with an expiry date. These cards are normally accepted at all online merchant stores who accept Visa or MasterCard.

Features of Virtual Bank Cards

Listed below are some of the features of virtual bank cards:

• Virtual credit cards usually have a fixed spending amount and this is directly proportional to the limit that you selected while applying for the same.
• An internet credit card usually has an expiration time of about 24 hours and they are usually issued with temporary PIN numbers.
• Consumers can use both debit and credit cards to create virtual prepaid cards from their bank accounts.
• If after usage, your virtual bank card has any balance left on it the amount is transferred back to your bank account.

Advantages Of Virtual Credit Card On Internet

• Protection Against Identity Theft: Virtual credit cards on internet are a great way to protect yourself against identity theft while purchasing goods online. Owing to the fact that these cards predetermined spending limits and set expiration dates it a safer way to purchase online and you can be rest assured that in the event of identity theft the amount lost will be refunded by your Credit Card Company or bank any way. This is usually listed in the terms and conditions of your contract.
• Immediate Availability: These virtual credit cards are almost immediately available for use. There is very little or no wait time between applying for the cards and being able to use it.
• No Impact On Your Credit Report: Virtual prepaid cards have absolutely no impact on your credit report unlike a real credit card and does not create massive credit card debt. These are also a good way to keep a check on your spending as they can be used over and can be refilled. Prepaid virtual credit cards offer the freedom of a credit card without the impact of a real credit card balance on your credit report.

Disadvantages Of Prepaid Virtual Credit Cards

• 24 Hour Expiry: The first distinct disadvantage of a virtual credit card is that they usually expire within 24 hours and hence it is advisable to use them as soon as they are issued.
• Spending Limit: Most banks while issuing prepaid virtual credit cards place spending limits on them. This is done to not only protect the consumer in case of fraud but to also protect the bank as in the event of fraud or identity theft the banks are liable to refund the customer.
• Delay In Dispatch Of Goods: Another drawback of virtual prepaid cards is that until the payment made by a virtual card does not clear or hit the merchant’s account he does not dispatch the goods. This could result in a delay in consumers getting their goods.

Virtual credit cards are beneficial for consumers afraid of identity theft or for sending online. Prepaid virtual credit cards are safer, easier and is hassle free with the added protection of indemnity in the event of fraud or identity theft, not to mention the advantage of not having any impact on your credit report.

Continue Reading

With the rising costs of tuition fees a higher education student loan might be the only way to invest in your future. However if these college student loans are not managed efficiently and your student loan debt is not paid back promptly it can negatively impact your credit report. There are a variety of student loans available, but it is up to the consumer to decide which is best suited to their circumstances.

College Education Loan: How Do They Work

Higher education student loans are, as is obvious from the name, a way to pay for your higher education. No matter what your circumstances, college student loans can be the light at the end of the tunnel when there is no other way out. In order to get a college education student loan, clients need to fill out what is called an FAFSA (Free Application For Federal Student Aid) form and submit it with the possibility of correcting any details later. Students should then aim to visit their respective school’s student centers and try and gauge the kind of assistance they might be capable of getting.

Nowadays Perkin Loans are very popular owing to their lower interest rates.  As long as students are enrolled at least at a part-time status they can defer the repayments on their student loan debt.  Once students graduate they enter what is known as a “grace period”. This is generally 6-12 months long and allows students the time to find employment. Once this is over, the repayments on the college student loan (the principal plus the capitalized interest) comes due. At times, when consumers experience tremendous financial difficulty they can temporarily defer paying student loans without hampering their credit reports.

The Student Loan Types

The student loan can be of various different types, each designed to serve a specific purpose. A student must choose their higher education loan depending on their needs.

• The College Student Loans Made Directly To Students (Federal): These higher education loans are quite similar to the ones described above. As long as the student is enrolled at least in part-time status the student loan debt repayments do not come due. However, if the student falls below part-time status they enter the grace period which can be waived once they enroll again as part-time at least. In the event the student falls below the part-time status again the grace period cannot be re-instated and repayments for the college student loan are due.

• The Student Loans To Parents (Federal): These loans are directly made out to parents. However the interest rates on these college student loans are much higher and the repayments fall due immediately.

• The Private Student Loans: These higher education loans are usually used as supplements to federal student loans owing to the fact that the federal loans are sometimes insufficient to cover all expenses. These loans usually have higher limits and the student loan debt repayments are deferred until after graduation.

Paying Student Loan: Impact On Your Credit Report

Student loans are usually one the first credit agreements people enter into. It is essential that this credit contract is managed efficiently or else it can hamper your overall credit score and it can be default to improve your credit score after these defaults. Irregularities on paying student loans will sit on your credit report for as long as 7 years in certain cases, hence it is of utmost importance that consumers try and repay student loan debt as soon as possible and in a timely manner. Below a few tips to help you manage the student loan better:

1. Pay Off Your Loan: It is in the best interest of consumers to pay off their college student loans as soon as possible. This creates good repayment history and at the same time boosts your credit score.
2. Interest Payments: In the event that you have a non-federal higher education student loan, ensure that you are making the interest payments regularly. Your expenses schedule should include all these expenses and your interest payments should be a part of your calculations.
3. The Grace Period: If you have been able to find a job before the expiry of the grace period, accumulate a fair sum of money and deposit a large amount into your college student loan. This will help you stay on top of your student loan debt repayments and ensure that you do not fall behind.
4. Defaulting is Not An Option: For those who are wondering what the consequences on defaulting on a college student loan are, the answer is an unequivocal “severe”. Even in the event of filing for bankruptcy, college student loans are usually still required to be paid. Moreover bankruptcy will sit on your credit report for a period of 10 years and will put your FICO score behind by about 240-280 points and this is always a matter of public record. If you have defaulted on your student loan debt, prepare for a barrage of collection agencies hounding you. In certain cases your employer may use part of your salary to pay off these college student loans and also use your taxation refunds for the same purpose.

Now that we have established the effects student loans can have on our credit report, consumers should be careful while managing this credit contract. It is always best to shop around and look for option that suits you best. Essentially you should factor your college student loan repayments into your expenses and make sure that you work with the view to paying it off as quickly and as smoothly as possible. These few simple steps should ensure that you have a blemish free, goodcredit report.

References:

1. Ensuring Continued Access to Student Loans – Federal Student Aid
2. New changes will do you good if you have student loans -USA Today

Continue Reading

In recent times, streamline refinances are gaining a lot of ground and are increasingly beind used to avoid home foreclosures in USA. A refinance streamline mortgage is extremely beneficial because not only does it not require a complete credit report or an appraisal but it can also refinance any Federal Housing Administration (FHA) loan which has decent repayment and mortgage history. A streamline refinance is quick and hassle free and requires minimal documentation. It is however a rule of the FHA that the repayments on the new streamline FHA refinance must be lower than those of the existing loan. Consumers must bear in mind that it is in their best interest to see an FHA credit officer or lender to discuss your mortgage loan and the possibility of streamlining it.

FHA Loan Refinance Streamline Program

In most FHA loan refinance streamline programs, no underwriting is required owing to the fact that the loan balance is not increasing. However if the loan balance does increase underwriting will be needed and the HUD (Department of Housing and Urban Development) will be required to submit repayment history for 12 months. Streamline FHA refinances allow for individuals to be added to the loan without a review of their credit report. However in the event that you are looking to take someone off the loan, consumers might need to get the loan re-assessed.

Standard FHA streamline refinance requirements are listed below:

• There should be no cash taken out via the streamline refinance.
• There is usually no income or asset verification.
• The mortgage loan being refinanced must be insured by the FHA.
• The borrower’s repayment history must be current and up to date.
• The payments for the refinance streamline mortgage must be less than the existing mortgage unless the balance is increasing.
• In order to qualify, the borrowing party should own the property in question and must have had it for at least 6 months.
• The new refinanced streamline mortgage will have a term of 30 years or the remainder of the existing mortgage term plus another 12 years.
• A complete credit report is not required and there is very little underwriting that is required as well.
• It is mandatory that the client has not defaulted on any form of federal or government debt.

VA Streamline Refinance Program

IRRL (interest rate reduction loan) is another common name for the VA streamline refinance program loans. Most credit analysts regard this as one of the best loan products on the market as it is easy to qualify for and is designed for people serving active duty and for veterans with existing VA loans. This streamline refinance allows service members to get a lower rate and it is easy to qualify for. As long as the borrowers do not have more than 1 thirty day late payment on their credit report they can qualify for the VA streamline refinance. Just as streamline FHA refinance loans, these too do not require credit or income qualification and are quite easy to enter.

Feature of the VA streamline refinance include:

• There are no transaction costs involved in the VA streamline refinance loan.
• There is no income, job or asset verification.
• No credit qualification required.
• Borrowers are allowed to skip up to 2 payments
• The borrower’s existing loan must be a VA loan.
• Although no cash out is allowed with the loan, up to $6,000 in energy efficient improvements are allowed to be included with the loan.

A loan refinance has always been an alternative to bankruptcy and as you can see both FHA and VA streamline refinances are financial tools that can help borrowers get on top of their mortgages. With no credit qualification and minimal underwriting these loans are not only easy to qualify for but are also beneficial as they ensure that the interest rates are lower than the existing mortgage and so are the repayments. These refinance streamline mortgage loans will help consumers and service people get back in front of their existing mortgages and allow them to rebuild or maintain healthy credit reports.

References:

1. Home Loan Guaranty Services – United States Department of Veteran Affairs
2. Streamline your FHA Mortgage – U.S. Department of Housing and Urban Devlopment

Continue Reading

Margin loans are extremely powerful investment tools which can help investors accelerate their wealth in a rising or bullish market. However, just as all good things have a down side margin loans have one too and this may affect your credit report.

Margin Trading: What is Margin Lending

Before we talk about the advantages and disadvantages of a margin loan, it is important to fully understand what is margin lending. Margin loans are investment loans which are backed by the client’s securities or investments. In margin trading, typically, clients offer their investment portfolio as collateral and can borrow funds against that for a wide variety of purposes ranging from buying additional securities, to paying off bills with higher interest rates or mortgage loans for real estate and purchasing new assets such as artwork or holiday homes etc.

Margin loans gained a lot of popularity prior to the dot com era crash as it enabled consumers to purchase investments beyond what their own capital would allow them to afford. With the market seeming to raise again, margin lending once again seem to be gaining ground. A lot of brokerage houses encourage their consumers to obtain margin loans and pay down debt with higher interest margin rates as high value margin loans can be obtained for cheaper interest margin rates than most available rates in the market.

Margin Lending Rates

Margin lending rates have been know to vary between single figures for margin loans with a value of more than $1 million plus o a bit over 10% margin rates on margin lending less than $25,000. Just to give consumers an idea of margin loan rates, a large investment firm might offer margin loans at a margin interest rate of 8.0% for variable rates and from 7.9-7.95% for fixed margin rates.

Margin Trading: Advantages of Margin Lending

Obviously, margin trading is and has been very popular among consumers. Margin lending has a lot of advantages; a few of these are listed below:

• Accelerate you Wealth Quickly: Margin loans allow investors to quickly accelerate their wealth in a rising market as the value of your portfolio increases with market increases. Moreover margin lending enable investors to invest more than they have at their disposal.

• Variety Of Uses: Funds from a margin loan can be used for a variety of purposes, such as paying off bills, buying real estate and other assets or decreasing debt at a higher interest rate. Being able to decrease existing debt ensures that your credit history looks better and also reflects well on your repayment capacity.

• Lower Interest Rates: Margin lending offers margin rates on certain larger amounts that are cheaper than most other interest rates available in the market.

Margin Trading Disadvantages of Margin Lending

While margin loans have numerous advantages, margin trading also comes with its fair share of disadvantages:

• Margin Calls: The biggest disadvantage margin loans have are margin calls. Most margin loan facilities require your portfolio to be at a certain predetermined level. If owing to a fall in market your portfolio falls below a certain level, the margin loan provider can either ask you to put cash back in your portfolio or provide additional security as collateral or in a worst case scenario might sell down your portfolio to recover funds.

• Deceleration of Wealth: In a falling market margin loans can very easily increase your losses drastically. This is owing to the fact that margin loans are directly linked to your investments and they need to be paid back to the lender.

Margin Trading: Impact Credit Report

Adding further to the points stated above, although margin loans are believed not to have any direct effect on your credit report, they might have an indirect effect. If after selling down all your securities and assets, you are still unable to pay off the margin loan provider, the margin loan lender might issue a default against you or might be even declare you bankrupt. This needless to say has a very damaging impact on your credit history as it can set your credit report back by anywhere between 130-280 points back depending upon the type of charge issued on the account and rebuilding a credit report can be a tough job.

It is essential as it is with any investment to weigh your options out before making an investment decision about margin lending. One must remember that while margin loans have a lot of potential advantages they also come with their fair share of drawbacks. Investors must remember that there might be long term damage to their credit history should they be unable to pay back their margin loan obligations. Adjudicate your financial health and credit status before making decisions as it is always beneficial to have a good clean credit report.

References:

1. Margin Trading: The Dreaded Margin Call – Investopedia
2. Margin Loans Make A Comeback – The Wall Street Journal

Continue Reading

As the pressure on financial markets increases, consumers are feeling the global economic crunch. Of late the numbers of US home foreclosures have increased dramatically and have caused tremendous damage to a consumer’s credit history. Through the course of this article we will look at the impact a foreclosure can have on your credit history and the possible solutions or alternatives to a foreclosed home.

Home Foreclosure Help: Define Foreclosure

Before we start off, it is important to define foreclosure. If a consumer is behind on his/her mortgage payments and has not made any attempt at resolving the situation or catching up on the payments, you can be rest assured that the financial institution will be sending you a foreclosures USA statement pretty soon. In the event of a foreclosure, the mortgage company with which you have your home loan, steps in and takes over your property and sells it at the sheriff’s auction, similar to the process discussed for timeshare foreclosures. This event then becomes a matter of public record and can stay on your credit report for up to 7 years, therefore causing a negative mark on your credit history.

Foreclosures in USA: Statistics

Here are some statistics on US home foreclosures:

• 1 out of 300 homes is likely to be a foreclosed home
• Nearly 250,000 families every 3 months enter into a foreclosure.
• Owing to the falling market conditions, certain homeowners who opted for variable interest rates find that their homes are no longer growing in value and at the same time their mortgage adjusts higher and as a result of this refinancing is no longer an option.
• Nearly 6 out of 10 mortgage owners wished that they had understood the terms of their mortgages better. At the same time another 6 out of 10 mortgage owners are unaware of the services their mortgage companies can offer them in the even that the are struggling with their home loan repayments.

Home Foreclosure Help: Impact On Credit Report

A foreclosure is probably one of the most adverse things that can happen to your credit report and you will definitely need home foreclosure help if you are in a similar situation. Owing to the fact that USA foreclosures are a matter of public record, it can negatively impact your credit by nearly 130-180 points. A foreclosed home can stay on your credit history for a period of as long as 7 years. Even after 7 years credit providers can check the public records and might find the foreclosed home listing against your name, in which case obtaining credit will become extremely difficult. Even after years, when you have a god job and are on top of your bills, a previously foreclosed home listing on your credit report can come back to haunt you.

Foreclosures In USA V Bankruptcy

While bankruptcy can be the worst thing on your credit report, foreclosures in USA are not far behind. While bankruptcies can be on your credit report for a period of over 10 years, a foreclosure remains for a period of 7 years or more. Bankruptcy charges can negatively impact your credit history by nearly 230-280 points while a foreclosed home can have an impact of 130-180 points. It however must be noted that both bankruptcies and US home foreclosures are a matter of public record and are viewed extremely negatively by finance providers. It is in the best interest of consumers to avoid either of these situations as far as possible.

Home Foreclosure Help: Disadvantages

When seeking home foreclosure help, it is very important to understand the disadvantages of a home foreclosure. Some of the disadvantages of a foreclosure are listed below:

1. US home foreclosures can set your FICO score back by as much as 180 points.
2. Mortgage US home foreclosures are viewed extremely negatively by lenders and can make getting credit in the future very hard and very expensive.
3. A foreclosure usually stay on your credit history for as long as 7 years or more.

Home Foreclosure Help: Avoid Foreclosures In USA

If you are behind on your mortgage loan payments and feel that a foreclosure in USA is imminent, try some of these alternatives instead to avoid irreparably damaging your credit history:

1. Speak to your mortgage lender and temporarily reduce your mortgage repayments.
2. Capitalize the unpaid amount and increase your existing payments slightly to cover the deficit.
3. Most mortgage lenders allow their customers who are facing home loan repayment difficulties to enter into payment plans to cover the deficit.

It is always a good idea to consider all your options prior to getting a foreclosure. Many consumers are unaware about the help their mortgage companies can offer them. Seek legal and professional advice before making decisions regarding a foreclosure. It is absolutely essential that consumers completely understand their situation before making any decision because consumers must remember that a  foreclosed home can cause irreparable damage to your credit history.

References:

1. Foreclosure Statistics – Federal Deposit Insurance Corporation
2. Facing Foreclosure? 9 Options – Money Central, MSN

Continue Reading

In case consumers are wondering whether the foreclosure of a timeshare contract will affect their credit report, the answer is an emphatic YES. A timeshare contract is like any other formal credit contract whereby the consumer is bound by a promissory note. The funder of the timeshare contract works with the assumption that the consumer will be paying back the funds borrowed for the timeshare along with interest. In the event of a timeshare contract foreclosure the lending authorities lose out on money just as they would in case consumers foreclosed their mortgage contracts. Hence it is essential that consumers understand the ramifications of a timeshare contract foreclosure. It is important to manage a timeshare contract just as well as managing a mortgage loan for a good credit report.

Timeshare Foreclosure Sales: The Process Involved

Just as a mortgage foreclosure, timeshare foreclosure sales are also carried out at the Sheriff’s auction whereby it is sold to the highest bidder. Once the consumer wishing to foreclose his/her timeshare contract notifies the lender of their intention, the lender will obtain the timeshare contract and will present the same at the auction. Owing to the fact that the timeshare foreclosure is a public matter it is handled by the legal system and becomes a matter of public record. Consumers must be aware that the three credit agencies, Equifax, Transunion and Experian rate the clients based on the records of public courts.

Timeshare Arrears & Defaults

Arrears on a timeshare contract are the same as a default on any other consumer credit loan. The timeshare default will affect your credit score negatively. In the event that you are no longer able to afford your timeshare and are looking to foreclose your timeshare contract, the following is a likely outcome:

1. Owing to the fact that the lender will report your foreclosure, it will appear on your credit history, thereby making it very difficult for you to be able to obtain credit and even if you do it will be at a much higher rate until you rebuild your credit report.
2. Once the timeshare financial institution is sure of the foreclosure they report the mater to the IRS. This will culminate in the remainder of the timeshare contract debt being shown on your credit report along with the value of the property at the time the timeshare contract was foreclosed.

Timeshare Foreclosures: Impact on your FICO score

Owing to the fact that the timeshare contract is a matter of public record and is regarded as a court judgement, the timeshare contract foreclosure will impact your credit score negatively by 240-280 points. The timeshare foreclosure is usually visible on your credit report for a period of about 7-10 years. On close inspection companies can access this information for a period of up to 10 years thereby making credit extremely difficult to obtain. In certain situations consumers try and short-sell their timeshare contracts. This too negatively impacts your credit score and puts it back by anywhere between 80-120 points and is visible on your credit report for a period of at least 7 years.

Consumers should be aware that like all consumer credit contracts timeshare credit contracts are to be taken seriously. Blemishes on timeshare contracts like all others have a direct negative impact on your credit score. Remember it is prudent to only get that debt which consumers know they can afford and are comfortable paying off. In a strict credit environment where we are experiencing credit contraction like never before it might be wise to ensure that you do everything possible to maintain and improve a good and healthy credit report.

Reference:

1. Timeshare Foreclosures and Your Credit Score – RCI VIP

Continue Reading

While bankruptcy is often a fresh start for debtors it is not free from consequences for your credit score rating. Prior to filing for bankruptcy it is essential that consumers fully understand their legal position and obligations and the effect of bankruptcy on their credit report. Bankruptcy should be considered only as last resort as it could have a major impact on your credit score rating and if possible, a bankruptcy alternative should be considered. [...]

Continue Reading

In a lot of adverse circumstances consumers have no choice but to file bankruptcy to improve their credit report. This is also a way in which a consumer can start afresh. In a situation where the consumer is over burdened by debt and there is no way out, an individual may legally file for a bankruptcy as per the United States bankruptcy law.

Declaring Bankruptcy: Legal Definition

Declaring bankruptcy may be defined as “The legal inability to pay debt” or the state where a person is legally declared bankrupt according to bankruptcy laws. Simply stated when the debts of a consumer are far exceeded by his/her income/assets an individual is considered to be bankrupt and needs to file a bankruptcy.

File A Bankruptcy – Types of Bankruptcy

If your credit standing is irreparable even after debt consolidation, debt counseling and other kinds of credit help, you may have no other option but to file for a bankruptcy. You should know that the most common types of bankruptcy as laid out by bankruptcy laws are:

• Voluntary: This is also referred to as a Debtor’s petition. When an individual or organisation owes another money, he/she may either enter voluntary bankruptcy or may file a debtor’s petition to file a bankruptcy. On the acceptance of this petition the individual is automatically declared bankrupt.
• Involuntary (Creditors Petition): If the amount owing to a creditor exceeds $2,000, they may join with other creditors in an attempt to declaring bankruptcy of the individual. In order to do this the creditor must first obtain a judgement from the court and then apply to the official receiver to issue a notice to the debtor demanding payment within a set date (usually 21 days). If the debtor fails to do so then the creditor can appeal to the Federal Magistrate court asking for the debtor to be declared bankrupt.

Bankruptcy Law: Declaring Bankruptcy Facts

In general, bankruptcy gives honest debtors a new start and helps them rebuild a credit report from scratch when they file a bankruptcy. However, it is advisable to think carefully before filing a bankruptcy as it has many repercussions. The following are a few characteristics of the laws of bankruptcy:

• Bankruptcy law is a federal law and is contained in Tier 11 of the United States code. The states have no regulation over this.
• Filing for bankruptcy allows debtors a chance to resolve their debts.
• Declaring bankruptcy allows debtors to be freed from all obligations once their assets have been distributed even if their debts have not been paid in full.
• Bankruptcy law allows for the interest of all creditors to be treated with a certain amount of equality.
• In certain cases the bankrupt debtor may continue to remain in business and may be allowed the use of the revenue generate to dispose of his/her debts.
• Bankruptcy cases are litigated in the US bankruptcy courts.
• Bankruptcy is of 2 types, i.e. voluntary and involuntary.

Declaring Bankruptcy: How To File Bankruptcy

The process of filing a bankruptcy starts with the filing of a petition with the Bankruptcy court. This further gives rise to a bankruptcy estate which includes all the assets and liabilities of the person filing for a bankruptcy. The taxation obligation may vary depending upon on the chapter under which the bankruptcy petition was filed. When a debt is owed to a person and is cancelled, the cancelled debt is usually treated as income and adds to the tax obligation of the individual. However if the debt is cancelled when filing for a bankruptcy, the debt is not taxed but would in turn reduce the tax benefits the individual would otherwise be entitled to.

Continue Reading

As we experience a credit squeeze like never before, it is mandatory that consumers understand what a good FICO credit score is and how it can be improved for a better personal credit rating.

What is Your Fico Score Chart Made Up Of?

Primarily your Fico credit score is dependent on the following factors:

[...]

Continue Reading

Having a low credit rating and credit score can have a devastating effect on your chances of being successful when you apply for credit. Your credit rating is what a lender will take into account whenever you apply for credit and if you don’t score high enough then your application will simply be rejected. However luckily there are ways that you can repair a bad credit rating and build your credit rating back up, which in turn puts you back into the good books with the lenders.

Tip number one is to take your credit cards and hide them or better yet take a big pair of scissors and cut them up to avoid being tempted. One of the very worst things that you can possibly do if you have a low credit score is to keep adding to the debt that you have already accumulated, if you have very little self-control then don’t keep temptation around you destroy them or hide them. [...]

Continue Reading