Not Paying Child Support Affects Your Credit

Did you know that not paying child support can affect your credit? According to www.essortment.com, if you do not pay on time, the company can report you to a credit bureau, potentially lowering your credit 20 to 30 points.  If you have fallen into this situation, get the advice you need. Visit icreditinc.com for a FREE consultation.

Transferring Balances

In the last post we mentioned transferring balances as a way to lower your debt payments but many people don't know the best way to transfer balances, even less, what transferring a balance is. Take a look at this article to learn more about transferring balances.

Types of Credit Cards

The days of credit cards used to be so simple. Now, with all the options and perks available with a myriad of cards, it is hard to sift through the complexities in order to obtain the perfect one to suit your needs. Below, is a list of the various types of credit cards available to you. Take a look at this article to understand the difference between them all.

Standard Credit Cards
     *Balance transfer credit cards
     *Low interest credit cards..

Credit cards with rewards programs
     *Cash back credit cards
     *General reward points credit cards
     *Hotel or travel points credit cards
     *Retail rewards credit cards
     *Gas cards with points or rebates
     *Automobile manufacturer rewards cards
     *Home improvement rewards credit cards

Airline mile / frequent flier credit cards
     *Airline-specific credit cards
     *Generic airline miles cards

Bad credit and/or credit repair cards
     *Secured credit cards
     *Prepaid credit cards

Specialty credit cards
     *Business credit cards
     *Student credit cards

Shopping!

Tis the Season to shop and worse, create excuses to shop.  Reviewing your finances, creating a budget and following a shopping plan that falls within a budget is the best way to avoid Post Holiday Regrets.  We understand many people want to buy for others and sales make it seem ok.   But think ahead to after holiday season and the consequences of spending.  Don't max out your credit cards, it feels good now but horrible later.  Your credit needs you to be frugal too!

Good luck and don't over spend!

5 Words Never to Say to Your Lender

With many lenders getting bought up or going out of business, the standards for obtaining a loan have gone up tremendously. One can't even hope to obtain a loan with a credit score under 750. Other factors can contribute to the denial of your loan request. These are the five words NEVER to say to your lender: 

Desperate
Unemployed
Entrepreneur
Back Taxes
Gambler

Take a look at this article from Walletpop.com explaining why these words are taboo to lenders' ears.

Saving Tidbits

Though starting out at a low, stocks are pushing up back to neutral, the economy is plenty stimulated thanks to Black Friday and Christmas coming up and things are starting to look up. But don't go throwing your savings out of the window, just yet. Yahoo financial expert Robert Kiyosaki says that the long term effects of today's financial issues will negatively affect factors like your 401(k) plan and taxes. Check out this article to find out future risks and the silver lining of it all.

Black Friday

There are many sales that go on during the year, but perhaps Black Friday is the most popular day to shop for good deals.

It is at this moment we all look at prices and spend and charge because the deals are good...but it does not mean the person spending can afford to spend.

If you can afford to shop take advantage of the sales, if you can not afford to shop don't dig a deeper hole and be suckered into a good deal that is ultimately bad for you.

Don't run up your credit cards this black Friday, the first is around the corner which means we will all have bills to pay already for last month!