Credit

5 Signs You Need Credit Counseling

Thumbnail image for 5 Signs You Need Credit Counseling June 10, 2011

Credit counseling is not just for those facing bankruptcy. Many people can benefit from credit counseling, especially cash-strapped single moms struggling with debts. If you are toying with the idea of going to counseling, make sure you do not ignore any of these signs you need credit counseling: 1. You regularly spend more than you make [...]

Credit Card Traps to Avoid

Thumbnail image for Credit Card Traps to Avoid April 8, 2011

As a busy single mom, you may not always stop and read all of the fine print on a credit card offer you receive. Considering how many offers come through the mail, you may not know the different options they all come with. If you need credit, you may simply choose one, fill it in [...]

Financial Situations: When is Credit Counseling Needed?

Thumbnail image for Financial Situations: When is Credit Counseling Needed? April 2, 2011

It’s important for a single mom to react quickly when she finds out that she’s headed for financial problems.  Sometimes it’s difficult to recognize the signals that outside guidance is needed when it comes to managing the finances. And once it becomes obvious that the financial plan isn’t working out, many single moms are reluctant [...]

Debt Collector Tactics and How to Handle Them

March 26, 2011

When the single mom falls behind on her payments, the letters from the debt collector start arriving in the mailbox and the telephone starts ringing. Sometimes it’s hard to face the necessity of opening the envelopes or picking up the phone, and the task is avoided until mom feels she is better equipped to deal [...]

Choosing a Credit Card

March 17, 2011

When you receive a credit card offer in the mail, you need to make sure it is a good one before you apply. Choosing a credit card can be difficult, because credit card companies are notorious for hiding some of the most damaging factors surrounding their offers. There are many things that need to be [...]

Credit Monitoring Services- Worth Paying For?

February 21, 2011

In a day in which protecting your credit score is vital to your financial stability and well being, you may be wondering about additional measures you can take. Credit monitoring services seem affordable enough at between $10 and $20 a month, but are they a worthwhile investment from your already tight budget? Before you sign [...]

Credit Cards And Your FICO Credit Score

Thumbnail image for Credit Cards And Your FICO Credit Score December 8, 2010

A single mother trying to get her finances in order often struggles over the decision on what to do about credit cards. The convenient pieces of plastic come in handy in financial emergencies, but the interest rates and associated fees are an added burden to a struggling budget. We all have friends who have closed [...]

Credit Counseling And What To Look For

December 4, 2010

If you are like most single moms, you probably struggle with credit card debt to some extent. If your credit card debt is getting out of hand, you may be wondering about the credit counseling services that you see advertised all of the time. Are these worth your time, effort, and money, or are they [...]

How To Remove Negative Credit History

December 4, 2010

Almost everyone needs credit. If you are renting an apartment, applying for a mortgage, applying for a car loan, or even applying for a job, you will need some type of credit history, as credit decisions are often based on your prior use of credit. If you are a young adult or are still in [...]