Number of Established Accounts
No credit is better than bad credit, but it can still be tough establishing new accounts.
Risks of Co-Signing a Loan
When it comes to your finances, it is not a selfish act to try and protect them.
Too Many Recent Inquiries in the Last 12 Months
Multiple recent inquiries are signs of desperation and rejection.
Are Credit Card Transfers a Good Idea?
Commonly, companies will provide 0% interest for the first six months as a new customer.
How Does Payment History Affect Credit Scores?
Payment history on credit accounts is the single biggest factor that contributes to your credit scores. In fact, 35% of credit scoring inputs are based on your payment histories.
On Hold: Life After Bankruptcy
It will be harder to get loans, and their interest rates will be through the roof if they're available. That new car will have to wait.
Will Debt Management Work for Me?
A debt management program works by gaining creditor concessions on your behalf so that you can better afford minimum payments.
6 Things to remember before filing bankruptcy
Here are a few things which you might like to know before deciding to opt for bankruptcy.
Changing Payment Date
Here's a cool little fact: for most credit cards, you can change the payment due date.
Saving Money with Coupons
Just spend a little time looking and organizing, and your savings with coupons and rebates can be well worth your time!
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Debtors Unite is a service that provides consumers with a place to share successes and frustrations so that we can help each other reach financial success. It is a collaborative effort among 501(c)(3) tax-exempt charities and financial counseling organizations. This public-private partnership provides debtors with a forum for finding answers and support as they work their way out of debt. Together we can make financial products work for us so that our households remain solvent and the financial services providers remain strong as well.
 
We are all consumers, and we are subject to the regulations and market conditions that govern the financial products that we utilize. Sometimes these products work in our favor and sometimes they do not.
 
In the end, we know that using these financial products carry certain risks and rewards. Similar to gambling in Las Vegas, the odds are in favor of the house. The institutions that make financial products available intend to profit at our expense. That is fine, since these products would not be available to us otherwise. We just want to make sure that there is a level playing field, so that consumers and institutions alike have equal opportunities to succeed.
 
The “Great Recession” has shown us that consumers and financial institutions are highly dependent on each other. Let us make sure that we preserve the strengths of our marketplace by shoring up our personal finances.
 
Debtors Unite is supported by credit counseling agencies that provide individual financial counseling, teach classes throughout the communities that they serve and disseminate financial literacy for public benefit. Debtors Unite is a public service made available to those seeking improved personal finance. We thank you for your visit.
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