Posted on May 11, 2009 by creditanswers
Keep large bills in your wallet if you want to spend less cash, according to new research from the University of Maryland’s Robert H. Smith School of Business. Researchers find people are more likely to think twice about making a purchase when they carry one large denomination of cash rather than many smaller denominations equal to the same amount of money.
Filed under: debt, debt management | Tagged: city on the cheap, credit card help, credit help, credit report, debt settlement, debt tips, save money | Leave a Comment »
Posted on March 30, 2009 by creditanswers
The statute of limitations (SOL) is the legal time frame in which debt collectors can file suit on an unpaid debt. SOL varies depending on the type of loan and the state in which you live. The Credit Infocenter web site gives a description of various account categories and a detailed list of the SOL for each state.
Filed under: debt, debt management | Tagged: credit card debt, credit report, debt, old debt, statute of limitations | Leave a Comment »
Posted on December 29, 2008 by creditanswers
According to Consumer Action’s 2008 Credit Card Survey, customer service representatives at six well-known financial institutions told surveyors that they would reduce cardholder’s credit limits because of perceived customer risk. Factors included a decline in cardholder credit scores, late payments, and balances that go too close to the credit limit. This practice is not necessarily [...]
Filed under: debt, debt management | Tagged: credit card debt, credit limits, credit lines, credit report, credit worthiness, debt settlement | Leave a Comment »
