How Long Will A Negative Mark Remain On Your Credit Score? Part One

Your credit score. It could be a dream come true or your worst nightmare. But most of the time it is sort of like that rude mother in law coming to pay you a visit at your house. You are aware that she is coming to stay, and you are not looking forward to it, but you are too nervous to ask or even consider how long she might be paying you that visit. OK, so that analogy wasn’t that great. But anyway, read on to see just how long negative marks will stay on your credit history.

How Long Will A Negative Mark Remain On Your Credit Report Part Two

In the first article in this set I spoke about how long different marks stay on your credit score. I mentioned that mistakes will be removed immediately, soft inquiries will have no effect, and hard inquiries can hang around on your credit report for two years. Late payments have the capacity to do way more damage.

What Happens When A Stock Market Crashes?

A stock market crash can be loosely defined up as a circumstance where share prices of stock listed on the stock exchanges drop drastically. Even though there are a number of economic factors that will cause a stock market crash, a reason for stock market crashes is also the investing public’s loss of confidence in the economy and mass panic.

Mutual Funds 101 Part One

Are you a newcomer when it comes to playing the stock market? No big deal at all! This series of articles on mutual funds will make it simple for you to understand what a mutual fund is, what it is all about and whether it is worth your while to invest in one. My first three articles are called “Mutual Funds For Beginners” and they lay down the basics.

Investing In Bonds- How Is It Done And What Are The Risks?

Stocks and bonds. You have doubtlessly heard of them, and if you have been reading my articles, you know what they are. If you haven’t, here’s a quick update: stocks represent a fraction of ownership in a company, and a bond represents money that a company “borrowed” and has to pay back on set dates. You may have heard that bonds are “safer” to invest in than stocks, but is this true? How are bonds traded, and what are the differences between a stock market and a bond market? Hopefully, this article can put these questions to rest.

Getting Involved In The Stock Market For Beginners

Are you a stock market beginner? The amount of “civilians” that have become involved in the stock market has increased sharply over the past few decades. So you might be asking yourself “how can I get a cut of the deal and make money investing?” There are a number of different approaches to finding companies that may be worthwhile to invest in, but two basic methods are fundamental analysis or technical analysis. Fundamental analysis involves analyzing companies by their financial statements found in SEC Filings, general economic conditions, business trends and the like.

Putting The Brakes On Your Spending And Devising A Spending Plan

Personal debt can be very stressful and has the capacity to become a big problem that needs to be addressed. Logically, the fastest way to get yourself back on track is to stop spending money. First, don’t carry credit cards in your purse, only debit and ATM. Write checks, and pay cash. It can be awfully tempting to spend money that you do not have, but if you don’t have the means to do so, you won’t. If there is a special occasion, like a holiday, vacation, or an anniversary, create a specific fund for it so you don’t spend more money than you intended to on it. Late fees can add up. To avoid this mess, pay credit card bills on time. Don’t make more than one ATM visit a week, and if you can’t pay it in full at the end of the month, don’t run up a bill. Rally up emotional support and put your money where your mouth is (joke intended) by letting your friends know what you are attempting to do.

When You Owe Too Much Debt And Just Can’t Pay

Debt can be an exhausting problem that weighs you down and affects your personal life greatly. But what if you have exhausted all of your resources and still can’t free up enough money to start repaying your debts in a big way? You still have choices. Perhaps it is time to think about the big things in your life- private schools, your home, and your cars. Are these things truly necessary? Another choice you have is to go through your home and your things and determine there is anything of value to sell. You can go after more money at your current job, or by taking on a second one. And there are still other options yet. Credit counseling and bankruptcy are always available, but you are not there yet, so for now, take a deep breath and determine what you can accomplish on your own.

How To Deal With A Collection Agency Part Two

If a bill collector is requesting that you pay a debt that you think you do not owe, or more than you owe, you have the ability to dispute the debt in writing. The legal terms for doing this are called “debt verification,” or “debt validation.” Within the first five days of contacting you, the Fair Debt Collection Practices Act mandates that collection agents let you know you about your right to validate the debt. You have to ask for verification within thirty days of when you are first told about the debt. Always send your request by certified mail.

What Do Credit Reports Mean And How Are They Calculated?

As of 2009, bankruptcy filings that were new increased by over thirty five percent in just one year. Although it may seem like a dismal sign, a good way to look at it is that all of these people are on their own paths to rebuilding their credit scores and ultimately, financial freedom. We have all seen commercials with “people just like me and you” telling us to go to whichever website and look at our credit score. We know that if the number is high, it’s a good thing. It it is low, it could mean trouble finding a loan, getting a job, or a new place to stay. But just what is a credit score?

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