My ATM card (I bank with TD Canada Trust) was stolen. At first the bank refused to reimburse the money stolen by the thieves. I wrote an appeal letter to the bank, asking them to reconsider their decision…and, thankfully, the bank reimbursed the stolen money after all.
Knowing how to quickly repair a credit card error will protect you from credit fraud or even identity theft. These tips for fixing Visa or MasterCard mistakes are from a financial guru who’s “been there, done that.” I left my Visa at the SPCA three… Read More »How to Fix a Credit Card Error on Your Visa or MasterCard
If you’re debt free thanks to good financial planning (such as debt consolidation), you may now wonder how to repair your credit report. These tips for repairing a bad credit rating are based on a question from a reader who worked with a credit counseling service… Read More »How to Repair a Bad Credit Rating After Paying Credit Card Debt
Paying credit card fees is a waste of money! Learn the best ways to save money on credit cards such as Visa and American Express. Here are seven types of credit card fees and how to avoid them. “Studies show that people spend more when… Read More »Credit Card Fees – Best Ways to Save Money on Credit Cards
Are you drowning in debt because of medical bills? Here are five ways to manage medical debt and pay your health care costs, from financial planning enthusiast and writer Clark Chambers. “In the ongoing recession, many Americans are struggling to pay their bills and mortgage,” says Chambers.… Read More »Manage Medical Debt – 5 Ways to Pay Health Care Costs
This simple, easy comparison of compound versus simple interest rates includes two tips for maximizing the benefits of compound interest. Financial expert and author Adam Goodman also describes two surprising facts about compound interest…
Before the tips, a quip:
“Many of the biggest and most far-reaching investments we make in our lives are investments that have little or nothing to do with money.” – Daniel Quinn.
That said, most of us do invest our money in something – whether it’s our home mortgage, 401K or RRSPs, or mutual funds. For solid financial advice, click on The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey. And, read on for Adam Goodman’s description of compound and simple interest, and how interest rates affect investment decisions.Read More »How Compound Interest and Simple Interest Rates Work
You want to keep your credit rating good so you can get home mortgage loans and better interest rates! Here’s how to avoid two common mistakes that destroy your credit rating, from Chris Scully, financial expert and president of CarePlus Financial.
Before the tips, Scully describes how long it takes to rebuild your credit:
“According to the Fair Credit Reporting Act, the credit bureaus may retain derogatory information on your credit report for up to seven years,” says Scully. “Bankruptcies can stay on your credit report for up to 10 years and things like unpaid tax liens and unsatisfied judgments can stay on indefinitely until they are paid.”
But, this doesn’t mean that you’ll have “bad credit” for 7-10 years! The amount of impact reduces as time passes; Scully has seen people with acceptable credit scores 2-3 years after starting to rebuild their finances. Every situation is different. Read Credit Repair Kit For Dummies for more information on rebuilding your credit after debt, and read to learn how to avoid two common mistakes that destroy your credit rating…Read More »Keep Your Credit Rating Good – Avoid These Common Credit Card Mistakes
If you need to know how to get out of credit card debt when you can’t make the minimum payments on your Visa or MasterCard, don’t panic! These credit card debt tips are from the CEO of Bills.com; they’ll help you manage your debt. “On your credit card, you want to… Read More »How to Get Out of Credit Card Debt When You Can’t Make Minimum Payments