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Talk About someone who is passionate about Credit Scoring!! Read this article and watch John take Liz to school on credit scoring…

Ok, I realize that credit scoring is a complex thing. Sure, it’s not a recipe for spaghetti. It’s confusing, irritating and even infuriating sometimes. But, come on Liz…get some of it right.

CreditBloggers

technorati tags:Credit Scoring

We are all feeling the pinch of the summer gas prices. Be careful if you are late the Credit Card Company can raise your rates. So not only do you get hit with a late fee but an over all increase in monthly due to the credit company

Late payments on credit card bills edged up this past spring, when high energy prices were squeezing the finances of some people and making it hard to pay bills on time.

The American Bankers Association, in its quarterly survey of consumer loans, reported Wednesday that the percentage of credit card payments 30 or more days past due increased to 4.41 percent in the April-to-June quarter, up slightly from 4.40 percent during the January-March period.

Late credit card payments edge higher - Yahoo! News

technorati tags:Late credit card payments

Don’t do it!!! Listen to Dave! I made this mistake about 4 years ago and I am still paying off the debt from a business that failed before it got off the ground.

It rates as one of my dumbest action so far in my life. So listen to me and Dave and save yourself the pain.

Take it from a former businessman; credit ain’t the way to go to start a small business. More often than not, small companies don’t get off the ground. Most of the ones that do only go for a little while before they crash and burn, baby. Using credit is bad enough, but even worse is when your biz goes under; then you have mountains of debt and molehills to show for it. That’s double dumb.

Debtective.com: Using Credit? Get A CLUE! - Blog

technorati tags:Business Credit

I found this article over at mynewchoice.com and I have to say it is right on the money. I personally have used my tax returns to buy “stuff” and never thought of using the money as a debt reduction tool. A very powerful one as pointed out in this blog.

This all changed about 2 years ago when the debt was too much and I need a way to really jump start my debt reduction. The first year I used most of the taxes to pay debt and i adjusted my W-4 so less would be with held. The next year I got less back at the end of the year and had more to pay off debt through out the year.

I still get money back at the end of the year so I need to adjust my W-4 again this year.

For anyone looking to really start to create a debt reduction “snowball” tax time is a great way to kick it off.

With the average American household carrying about $8000 in credit card debt, the average tax refund of approximately $2500 could eliminate over 30% of that household credit card debt. Unfortunately, many people view a large tax refund as a windfall and rarely spend it wisely.

Would You Like an Extra $200 Per Month? » My New Choice

technorati tags:debt reduction “snowball, debt