After months of talk, new rules are now in effect for credit card companies.  They’re supposed to end some of the most deceptive tactics and outlaw unfair fees and huge interest rate hikes.  Credit card companies will no longer be allowed to increase rates on existing balances unless you’re 60 days overdue.

They must give you 45 days notice if they’re going to institute an annual fee or raise your interest rate.     Also, if you’re under 21, getting a credit card will get much tougher.  Despite these new rules the credit card companies are finding new ways to make money.  Some of you may see new annual fees, inactivity fees and increased late fees.

The federal government now backs the removal of everything negative on a credit file and the awesome thing is, they always have! I will use the term credit repair lightly as I do not think that is is appropriate because in order to repair something, something must be broken and that is just not the case. If you will forget the letter writing, new identity scams and credit privacy numbers (cpns), I will show you how to look at this the correct way and get things done once and for all. Read more

If you have noticed that your money isn’t going as far as it used to, even compared to a few months ago, you aren’t alone. The current state of the economy means that prices are rising and income is largely staying the same, which isn’t good news when it comes to making ends meet.

But is there anything you can do about it?

Luckily there is – and it means being smart about what you do with your money and how you manage it on a daily basis. Saving a small amount of money on a daily basis might not seem like a lot, but when you add it up over the course of a month you might be surprised at the results! Read more

With a good credit score an applicant will receive prompt response from many lenders, all of them offering low interest rates and low down payment options. The loan amount offered also may be high. On the contrary a low credit score would result in a lot of rejection from various mortgage financers. Because creditors wouldn’t come forward easily to give credit to individuals that have a history of difficulty in repaying existing loans. Read more