Many would agree credit is important but too many people have no idea what makes up your credit score. Let’s discuss the components of your score. If you ask someone how to establish credit the answer 90% of the time you will receive is to pay your bills on time. That is correct; however that [...]
Category Archives: credit cards
Impacts of Credit
All of us have heard that having a good credit score is extremely vital in the United States of America, however many people don’t understand the impact of a bad score. For starters, the majority of us are not fortunate enough to purchase a home or car with cash, so we must resort to taking [...]
Will Cancelling Cards Hurt My Credit Score?
A Money Talks News reader asks… I have a huge concern: My husband and I have pretty good credit: (credit scores) above 750. I decided to apply for (low interest) credit cards that I could transfer balances to and pay off a family vacation. My concern is that I applied to two cards based on [...]
Ask American Debt Counceling
American Debt Counseling is committed to helping our clients to the best of our ability. We want to take that commitment a step further by asking you, our readers and clients, what your financial questions are. We understand that many of you reading have questions that you would love an answer to but don’t know [...]
What are my investment options?
Investment Options Mutual Funds Mutual funds are a popular investment vehicle. They do carry a risk; however it is still considered one of the safer investments. A mutual fund is overseen by a professional who will invest in numerous securities. The reason this investment vehicle is one of the safer choices is because of diversification. [...]
Tax Season Has Arrived!
Tax Season Has Arrived It is Tax Season again! By now everyone should have received their documents for taxes. Employers are required to mail out all W-2’s and other tax documents by January 31. Those people who have not opened their tax information yet, keep in mind that there is a deadline of April [...]
Expect to Pay More If You Are Late With A Credit Card Payment
Many of the nation’s largest credit card companies recently sent notices to their customers informing them that if they do not pay the credit card bills on time the penalty could raise the Annual Percentage Rate (APR) of interest on these accounts to as high as 29.99% on new charges. The announcement has confused a [...]
Take Charge of Your Credit Card Debt
If holiday bills threaten to be the straw the breaks your budget’s back, you don’t have to face the problem on your own. There are several options open to you including credit counseling and debt management programs offered by American Debt Counseling and other non-profit organizations. In 2009 alone, American Debt Counseling helped clients pay [...]
Holiday Layaway Plans Hailed As Alternative To Credit Cards
SUNRISE, Fla. (September 27, 2010) – According to the credit counseling experts at the national non-profit American Debt Counseling, tough economic times and general consumer wariness of excessive credit card spending have paved the way for store layaway plans to make a comeback this holiday season as shoppers seek to trim their holiday spending and [...]
Credit, Risk Assessment Score and Budgeting
This informative presentation covers the following areas; understanding what a Credit Reporting Agency is, understanding on how to request and interpret your credit report, understanding what a FICO score is and so much more. We hope you find value in our slides. View more presentations from American Debt Counseling Contact American Debt Counseling, Inc. at [...]
