It’s easy to think that the financial challenges facing Americans today are new, but one needn’t look too far in the past to see many of the same destructive patterns of behavior and habits of consumption bedeviling humanity since the beginning of modern economic theory. In 1899, economist and sociologist Thorstein Veblen introduced the concept of conspicuous consumption to describe ...

The question still lingers in every consumer’s mind. Is there such a thing as a free credit report. Though many sites claim and advertise free credit report, there is free credit report and is available to the public through one site. Based on laws governing credit and credit reports every individual is entitled to one credit report per year from ...

There are three main credit bureaus that are in charge of providing credit reports on individuals in United States.  According to a study by the Federal Trade Commission over 25% of all credit reports have errors on them.  Many individuals already know that there currently is, or has been a mistake on their credit report in the past.  Some people ...

There are many situations where a majority of individuals face immense issues while paying credit cards. An insufficient fund is one of the reasons as to why; a majority of all concerned faces unpleasant experiences at the thought of having to make payment for credit cards. If you stop making a credit card payment, there can always develop a number ...

This year IRS has started a new policy in regards to unpaid tax liens. The good news is if you pay in full they offer to remove it. So the negative impact of tax liens on credit reports can be removed. So you think what is new?  Well before this year even when you paid a tax lien in full ...

As nice as it would be to be able to go through life without using credit, the reality is that is really isn’t an option for the vast majority of people. There is going to come a time when you want to buy a home or a car, or perhaps even something as simple as a new appliance that you ...

It would be wonderful if we were all able to buy everything we wanted or needed with cash, but very few of us actually have that luxury. The reality is that most of us have to take on some form of debt in order to get all the things we need. Before that credit will be extended our way, though, ...

A FICO score is a simplified numeric representation of a person’s credit evaluation.  In other words, this company takes in to account several different factors including: Payment history Amount of debt owed Age of credit history New credit applied for Types of credit The idea behind the report is to provide an unbiased quick glimpse of every person’s reliability in ...