Your payment history is actually determining 35% of your credit score, which is why you would mind to make your payments on time! Furthermore, the late payments will affect your score for a long period – 7 years! It happens just because you pay slightly slower, then you deserve a big stain on your credit … Read more
In your normal life, you will be faced with situations where you will be late in making payments for your utilities, home mortgage, rental fees and credit card bills, to name a few debts. Instead of ignoring them, however, you should take the necessary measures to protect your credit rating, even when you cannot pay … Read more
Companies not paying on time ……………… do so for two main reasons. a) they have severe cash flow problems and b) they use their customers as an interest free loan. Trade credit is almost always interest free, in the current climate customers are using their suppliers as loan providers. Any extra delay means money in … Read more
Time to discuss debt free solutions, but before we do let’s try and understand how and why the average household is in danger of being strangled financially because of debt. The current state of the economy plays a big part, but that only speaks of the last 4-5 years. Things were pretty bad way before … Read more
Have you actually been burdened with an unexpected expense, like a big car repair bill? How have you ever handled it? Do you use your charge card and spend for it, such as attention, more than a time frame? But possibly you do not have a bank card. Or perhaps you’re one of the millions … Read more