Archive for the ‘ About DebtCC ’ Category

2009 Credit Card Reform Act: What does it promise?

According to many, the Credit Card Reform Act is the most significant reform work done by the Obama Government since rising to power at the beginning of this year. This Act is expected to save the consumers from getting ripped off by the credit card companies. Given the economic situation, consumers are finding it hard [ READ MORE ]

Home equity loan vs Line of Credit: Which one is for you?

It pays to build up equity on your home since you can take a loan against it at the time of need to take care of purposes like- paying off debts, college tuition or simply to remodel your kitchen. But when it’s a question of taking a second mortgage against your property, you need to [ READ MORE ]

How to analyze your credit report

Your credit report contains all information regarding your financial health. It is the report that is being looked at by the creditor everytime you apply for a loan. Hence it becomes important for you to learn to analyze your report. The credit report can be divided into the following sections. Personal information: This section serves the [ READ MORE ]

Personal budget: A solution to your debt problem

We often run into debt problems because of our spending habits. Most of us don’t bother to plan our expenses and thus easily lose track of it. Though it’s important to practice the habit of budgeting from young age, we hardly do it and let our spending spree to take the driving sit of our [ READ MORE ]

5 smart ways to rebuild your credit

Delinquent accounts, charged offs, credit inquiries - all these can negatively affect your credit report. There are companies which would promise to improve your score against payment of fees, but usually you can do it yourself as well with little patience and caution. But before discussing on the methods of fixing the Credit Report (CR) [ READ MORE ]