By Nicholas Katers
While Americans have flocked to credit cards by the millions, Canada has been catching up in terms of consumer debt. According to Statistics Canada, 50.4 million credit cards were in circulation in 2003 with 22.2 million cards carrying balances. As Canadians begin to reckon with personal debt after years of living beyond their means, each credit card holder should get to know federal regulations...
By Jackie Harsha
If you want to get lower credit card rates from your credit card company, you will have to work fairly hard with them to convince them that you are credit worthy. The credit card companies profit from the interest that you pay. The rate they charge you is equal to the credit risk that you represent. Get a copy of your credit report, and review the score. If you have a score over 720, you are...
By J.R. Kendall
A FICO score is an important representation of a borrower's ability to repay debt to lenders. This three-digit score between 300 and 850 is based on positive and negative information in five distinct categories: bill payment history, total debt, length of credit history, types of credit and new credit. People who have scores above 760 get the best interest rates, saving big money in the long...
By Civita Dyer
If you are looking for a credit card and have bad credit, the best type of credit card to get is none at all. Paying off your debts and paying other bills on time can help raise your credit as well. However, if you want to use a credit card to help build your credit, there are some things to look for in finding the best credit card to fit your bad-credit situation. The best credit cards for your...
By Bill Herrfeldt
In a troubled economy, more people will have difficulty paying their bills and will look for ways to get themselves back on track. Many will look for a debt management program by going to a credit counseling company. Read on to find out if this solution will ease the burden of your debt and allow you to improve the way you handle your finances. Whether people are out of work or simply have a...