Financial counseling is assisting clients in the development and creative use of all their resources to achieve economic financial security or well-being by generating alternatives from which the client chooses. Ultimately the client is assisted to improve quality of life with less wasteful resources. The processes are: (more…)

Although bank credit cards are a relatively recent innovation, typically marked by the establishment of the “businessman’s Diner’s Club card” in 1950, U.S. society has historically depended upon the availability of consumer credit. For example, farmers depended on store credit before the harvest of their crops in rural America, whereas industrial workers were issued “script” for purchases in the company store that were later deducted from their wages. Significantly, both forms of consumer credit often produced a form of debt/labor servitude. This common experience was recounted in the famous lyrics of Tennessee Williams, “I owe my soul to the company store.” (more…)

Only 25 years ago, today’s ubiquitous use of “universal” bank credit cards might have seemed a futurist fantasy. Prior to the finance regulation of the financial services industry in 1980, banks made consumer loans as “installment” credit. Loan approval was based on an assessment of the applicants’ household income, personal assets, credit repayment history, and outstanding debt. Preferred clients had financial collateral and repaid their loans (pre approved auto loan) on a fixed time schedule. Similarly, financial companies and banks cautiously issued charge cards and revolving credit cards to low-risk clients, primarily upper- and some middle-income households, who used them for convenience or for business. (more…)

Many people may not know just what an authorized user on a credit card are. This is when they have someone declaredon their credit card account in that capacity. By adding an authorized user to your credit card, meaning that person are authorized user that you give that person the right to use your credit card the same way as you make the purchase. Consequently, if you have an available credit of $ 1000 remaining on your credit card account and the person that you added, made a purchase of $ 1000, the remaining credit limit is now zero. (more…)

If you have credit card debt repayment problem, you are not alone. In this country, many people trying to manage their credit card debt effectively. Simply turn on the television and you will see the amount of some commercial ads about credit card debt program. If you like others that have debt and need help, you have several options to get the solution. (more…)

You don’t need to make big changes in your lifestyle in order to reduce credit card debt. Small changes to the way you live can result in a lot of extra money that you can use to pay off debt and get on your feet financially. If you want to buy a home, retire, buy a new car, look for a new job, or do any of the things that you need a good credit rating to do it’s in your best interest to pay off as much of your credit card debt at possible. (more…)

The law allows each person to get a free credit report each year from the 3 credit agencies that include TransUnion, Equifax and Experian. While most people are aware of this, they may not know the process they need to follow when looking for a report about their credit situation. This report is very important because the information that it contains will often determine whether (more…)

With the number of people with poor credit increasing on a daily basis, it appears more of us search for guaranteed bad credit loans everyday! Due to the extremely volatile economy, more people are falling into financial hardship than ever before. However, help is at hand as numerous sub-prime lenders can now offer loans to people with a poor credit rating.

You will find that different organizations have different terms and conditions when it comes to securing a loan. (more…)

Are you in need of fast cash but your credit score is holding you back and causing you to be turned down by lender after lender? Applying for credit with multiple lenders over a short period of time does nothing but worsen your score. You should consider a bad credit personal loan for a better chance of approval. They are written out specifically for individuals in your situation. (more…)

When needed a business secured credit card is a great way for a company to reestablish themselves as a good credit risk. It is the path to do so by showing the financial industry that the business in question is willing to do what is necessary to build up its credit worthiness.

Like all lines of secured credit, a business secured credit card is not a line of credit but that draws off of a deposit made by the account holder. (more…)