How to Remove Disputes from Credit Report History and Get a Higher Score

Credit Report Disputes

It is always a good idea to keep an eye on your credit score and credit report. I have been been doing my homework in this area, and I am thrilled to report that my credit score has risen dramatically due to some simple efforts I made. Here’s what was holding me back. I’m pretty conscientious when it comes to paying my bills on time. But a year ago my wife and I moved to a new city. Though we canceled our utility accounts only after the final balances had been paid, my credit report showed an unpaid partial month. Because we changed addresses twice in 3 months, I guess written confirmation never found me, and we were never notified any other way. I only noticed the negative mark on my credit report when I checked … [Read more...]

Why Do You Need to Know Your Credit Score?

Credit Score

Why exactly does everyone always say you need to know your credit score?  What is it about it that makes it so important? First things first, you need to understand what it is.  Your credit score is the statistical method that lenders use to determine how likely you are to pay back money borrowed, states Investopedia.com. Credit, by its nature, is money that you borrow with a set time frame to pay it back. People with a higher, or better, credit rating get better rates on money that is lent out because there is less risk involved in loaning to them. For example, a high credit score will allow you to pay back at a smaller interest rate because you're more likely to pay the money back in the first place. This is an important … [Read more...]

How to Pay Off Debt Fast in 10 Easy Ways

Credit Squeeze by renjith krishnan

The below article was composed by contributor Elaine McPartland.  If you are interested in writing for My Money Design, please feel free to contact me. Debt, in general, can be extremely difficult to get a handle on. Between the misleading terms and harassing creditors, you may feel lost in a sea of uncertainty. Fortunately, there are ten easy ways for how to pay off debt fast that you can tackle and attain financial liberation once and for all.   … [Read more...]

Eight Ways the Financial Industry Can Provide Loans for School and Save Public Universities

College Savings by cooldesign

The following post was provided by guest contributor Angelina.  Angelina has written articles about personal finance for a number of different websites. Recently she has been writing about the issue of personal debt and the fact that for those seeking debt consolidation, bad credit may not be as big an issue as you think.  If you are interested in being a guest contributor for My Money Design, please feel free to contact me. It should come as no surprise that tuition fees have once again risen.  Your typical university can charge up to $13,500 a year now for just tuition and fees, and that doesn't even count room and board! … [Read more...]

How Does Bankruptcy Work? What You Should Know Before and After Filing

Bankruptcy

Although it may end some of your financial troubles, filing for bankruptcy is not just something that you do once and the work is over. In fact, unless you want to file repeatedly throughout your life, the real work begins after your debts are discharged. Asking how does bankruptcy work is a question that few people ever really take the time to understand, but they should so they can save their finances.  If you don't have debts like student loans or overdue taxes, you may get your debt balance reset to zero, but if you remain in an impossible financial situation then the relief is only temporary.   … [Read more...]

How to Clear Credit Card Debt By Clawing Your Way Out

How to Clear Credit Card Debt By Clawing Your Way Out

This post was written by Kevin Donovan from financialupdate.org.uk. He often writes about how the decisions made by politicians and bankers affect our daily lives and the ability to cope with the economic stress of an ever more debt ridden world. Every day we see large companies take large substantial hits.  This one to wonder: If they can’t survive this bleak economic climate, how can we? … [Read more...]