Are you raking up a mountain of credit card bills and find that it’s impossible to pay off your credit card debts due to the high interest rates? If you find yourself in such a position, perhaps it’s time you seek professional help. The goal here is to reestablish your financial standing, so that you [...]
History: This person applies for home mortgage 7 months ago. At that time had no liabilities / loans to capital and had his bank account. Bank went through a loan approval process and approved that person for various types of loans (80/20, 80/15/5, etc) after investigating his salary, bank accounts, etc. This person went and [...]
Having a bad credit rating can limit your borrowing options, which is something that is commonly done in this current economic climate. People rely heavily on borrowing money, be it via credit cards or loans in order to survive financially. So having black marks against your name for things such as defaulted payments, bankruptcy, missed [...]
Informally Credit card debt is an example of unsecured debt, accessed through credit cards by the consumer. One should know that debt occurs when the consumer a credit card company buys an item or service through the card system. The debt accumulates and increases via interest and penalties, in the case when the consumer of [...]