Oprah Debt Management, Credit Card Advice, BankrupOprah Debt Management, Credit Card Advice, BankrupA personal finance, credit and money resource about debt consolidation, obtaining free credit reports, credit cards, savings, and investments. 
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Cardmember Agreement
2007-07-10 15:31:00 The issuer?s written statement of terms and conditions relating to your credit card account. The cardmember agreement is required by Federal Reserve regulations. The agreement states that the annual percentage rate, the monthly minimum payment formula, annual fee, if applicable, and your rights in billing disputes. More About: Terms , Agreement
Budget
2007-07-10 14:30:00 The financial record you use to keep track of the money you earn, how much you spend and what you spend it on. Your budget also includes savings and how much you pay to your creditors. More About: Terms , Budget
Bottom Line
2007-07-10 13:30:00 The bottom line is your monthly income less expenses. More About: Terms , Line , Bottom
Borrower
2007-07-10 12:29:00 The person who signs and agrees to the terms of a promissory note and is responsible for repaying the loan. More About: Terms , Borrow
Billing Statement
2007-07-10 11:28:00 A monthly bill from your credit card issuer which describes and summarizes the activity on your account including the outstanding balance, purchases, payments, credits, finance charges and other transactions for the month. More About: Terms , Billing , Stat , Bill , Statement
Billing Cycle
2007-07-10 10:28:00 The number of days between your last statement date and your current statement date. More About: Cycle , Terms , Billing , Bill
Bankruptcy Chapter 13
2007-07-10 08:27:00 In a Chapter 1 3 agreement, the court creates a debt repayment plan that allows you to keep your property. * In order to file Chapter 13, you must have a source of income and promise to pay part of your income to creditors. The court allows you to keep any assets that have debts against them ... More About: Bankruptcy , Terms , Bankrupt
Bankruptcy Chapter 7
2007-07-10 07:26:00 In a Chapter 7 agreement, the court resolves most debts by selling assets and property so that the filer is given a fresh financial start. The court takes all assets including your car, home, furnishings, jewelry or anything else of value. The assets are sold to pay off the debt. * There are some debts you ... More About: Bankruptcy , Terms , Chapter 7 , Bankrupt
Balance Transfer
2007-07-10 05:25:00 Transferring balances from one credit card to another, usually to take advantage of a lower interest rate. Transfers are limited to the available credit on the receiving card More About: Terms , Transfer , Balance , Lance , Balan
Balance or Amount Owed
2007-07-10 04:20:00 The total amount you owe the issuer including any unpaid balance from last month, new purchases, cash advances, and any other charges such as an annual fee, late fees or finance charges. The “Amount I Owe” should not be confused with the minimum amount due (the minimum payment allowed each month). More About: Terms , Balance , Lance , Balan , Mount
Bad Credit
2007-07-10 03:19:00 A term used to describe a poor credit rating. Common practices which can damage your credit rating include late or missed payments, exceeding the limit on cards, defaulting on loans or declaring bankruptcy. “Bad Credit ” can result in the denial of future credit. More About: Terms
Average Daily Balance
2007-07-10 02:19:00 The average daily balance is a common way card users calculate finance charges. The credit card company finds the balance each day of the billing period, adds the daily balances together and divides by the number of days in the period. The calculation includes new purchases and payments. You should refer to your credit card ... More About: Daily , Terms , Balance , Lance , Balan
Available Credit
2007-07-10 01:18:00 Available credit is your credit limit minus your current balance. It is the unused portion of your credit line. More About: Credit , Terms , Available
ATM
2007-07-10 00:17:00 Automated Teller Machine. ATMs are used globally for after-hours bank transactions. More About: Terms
Asset
2007-07-09 23:16:00 Cash or anything you own that can be turned into cash. This includes property, goods, savings or investments. More About: Terms , Asset
Annual Percentage Rate (APR)
2007-07-09 21:15:00 The annual percentage rate a measure of the cost of credit expressed as a yearly rate. When you open a credit card account, you agree to pay a percentage of the outstanding balance each month as a finance charge. The APR is the rate of interest you are charged expressed on a yearly basis. More About: Terms , Rate , Annual
Annual Fee
2007-07-09 20:14:00 Some credit cards charge an annual fee; it is the yearly cost you pay to use the card. More About: Terms , Annual
Blue Student Credit Card
2007-07-04 14:18:00 The practice of Universities restricting ? and in some instances even banning ? credit card companies from soliciting business from students on campus, still continues. Their reasoning: to protect students. According to the majority of universities that impose restrictions, an undisclosed amount of students have gone bankrupt and stopped studying as the result of debt. ... More About: Card , Credit , Student Credit Cards , Student , Blue
What is the Average US Credit Score?
2007-07-04 14:17:00 The credit score, also well known as a FICO score, is a statistical or numerical interpretation of the information portrayed through your credit file that basically provides a likely window to whether you would pay a loan back on time — the higher your credit score, the higher your credibility in the loan market. The report ... More About: Credit , Score , The A , Average
Debt Free Living
2007-07-03 08:08:00 Getting to debt free living is not easy. You will need to change your existing lifestyle and habits. But when you do achieve debt free living you will find a sense of financial dignity only experienced by wealthy people. You may not have millions in the bank but what you have is yours to keep. Household ... More About: Living , Free , Debt Relief , Debt , Ving
Benefits of Consolidating Your Student Loans?
2007-06-26 05:01:00 Dealing with finances is enough to give some people real fits. Even adults occasionally have a difficult time meeting financial obligations, and sometimes, paying back loans can be frustrating and scary. Can you imagine what it feels like for an eighteen year old to be looking at student loans as the only means to completing ... More About: Debt Consolidation , Student , Loans , Student Loans , Benefits
Understanding Chapter 12 Bankruptcy
2007-06-26 04:54:00 Chapter 12 bankruptcy covers anglers and farmers. If your income comes from family fishing or farming and you have a steady flow of income in prior years you can qualify for chapter 12 bankruptcy. The chapter 12 covers family businesses in these areas of business. The debt ratio of anglers and farmer is usually too ... More About: Bankruptcy , Understand , Standing , Under , Stand
Credit Card Basics-What You Need To Know
2007-06-25 18:13:00 Unfortunately, part of the reason that consumer debt is at an all-time high is because of credit cards. It?s due to a combination of misunderstanding credit cards and abusing them. While credit card abuse is a more personal matter, credit card education is something people should undertake when acquiring a card. The most important aspect to ... More About: Credit Cards , Card , Credit , Credit Card , Basics
Comparing Consumer Credit vs. Mortgage Credit
2007-06-25 17:04:00 Different companies have different criteria for evaluating good credit. An employer, for example, might consider having zero credit cards as good credit. A credit card company might consider having credit cards that are spent to the limit as good credit, as long as the payment history is perfect. A mortgage company, on the other hand, ... More About: Credit , Consumer , Mortgage , Consumer Credit , Gage
Bad Credit And The Term Issue
2007-06-25 16:56:00 When we talk about the term issue we refer to the fact that the repayment programs or schedules of most financial products available for those with a bad credit score or history are usually not as long as they would desire. The consequence of this fact on the other variables of the loan such as ... More About: Credit , Bad Credit Loans , Term , Issue
New Business Credit Cards
2007-06-16 02:01:00 There’s one image of your childhood you can’t erase from your mind. At the end of every weekday, your dad follows the same coming-home-from-the-office routine. He walks through the door, drops his briefcase heavily to the floor, and trudges to the living room, grunting at anyone who has the audacity to greet him. This ritual ... More About: Business , Credit Cards , Credit , Cards , Sine
Eco-Friendly Credit Cards
2007-06-16 01:59:00 In a capitalist market seemingly obsessed with profit, the green bandwagon suddenly appears rather ironically overloaded with corporates. Whether it be big brand retailers, such as Tesco, or technology giants, such as BSkyB, business now seems intent on winning the hearts and pockets of the environmentally-conscious consumer. Financial-services firms are the latest businesses to show a ... More About: Credit Cards , Credit , Friendly , Cards
Learning About Credit Card Transfers
2007-06-16 01:57:00 Unfortunately, credit card fraud happens way too often. This is why you should be very careful who you allow to see your credit card information. Be very careful whenever you do a credit card transfer. This way you will always be sure that you do not end up with a stolen credit card. Keep in ... More About: Card , Credit , Transfers , Credit Card , Learning
Bad Credit No Money Down Loans
More articles from this author:2007-06-14 19:52:00 There’s no place like home, and no one believes this mantra more than Americans. In fact, three out of four Americans dream of residing in homes that they own. Furthermore, a very dramatic change has taken place in the United States. Today, for the first time in American history, homeowners now outnumber renters. What is causing ... More About: Credit , Money , Bad Credit Loans , Loans 1, 2, 3, 4, 5, 6, 7 |
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