Finance Globe

Your credit report should be 100 percent accurate at all times. Unfortunately, as you know, this is not always the case. Since mistakes can and do happen from time to time, you should review your report at least once per year. If you find a credit report error, don’t hesitate to contact the credit bureau in an attempt to get to the bottom of the problem. Here are three of the most common errors: 1. Identity...

As a small business owner, you have a lot on your plate. This includes a variety of details in regards to the company’s finances. At some point, you may begin to ponder the idea of applying for a small business credit card. While this is a big step forward, it’s also one that you should strongly consider. And here is why: 1. Easier to keep track of your spending. When you make every purchase with your...

As you compare your debit card and credit card, you have a big decision to make. Which one will you turn to when it’s time to make a purchase? While your credit card may seem like the better option, thanks to the ability to earn rewards and build credit, there are times when it’s better to swipe your debit card. 1. You are swimming in credit card debt. If you are already bogged down with credit...

If you find yourself unable to make your mortgage payment, it’s not time to give up your home just yet. There are steps you can take to remain in your home, all without putting your finances in jeopardy. Conversely, it may be time to leave your home in the past and start fresh. It all depends on your situation and what you hope to accomplish. Here are several ideas to consider: 1. Loan Modification When your...

One of the primary benefits of a reward credit card is knowing you will one day be able to redeem them for something of your choosing. But this leads to a very important question: when is the best time to redeem credit card points? While there is no hard and fast rule, here are three strategies you can follow: 1. Hold onto your points until they are ready to expire. This is particularly helpful if you...

When was the last time you reviewed your credit report? If you don’t know the answer, you are long overdue. While this isn’t something you have to obsess over, it’s important to review your credit report periodically. Here are three reasons why you should make this is a habit: 1. Because the information is important. When it comes time to secure a mortgage or car loan, for example, potential lenders will review your credit report. It’s...

Regardless of your reasons for canceling a credit card, you must take the right steps at the right time. Neglecting to do so could complicate your situation, leading to financial stress in the near future. Above all else, you need to pay off any remaining balance. Once you do this, you can then move forward at your own pace. From there, here are several other steps to take: •    Notify your credit card company by phone.•   ...

There are times when using a credit card makes a lot of sense. For example, some people do this as a means of collecting points that can later be redeemed for travel rewards. Conversely, there are times when saying “no” to a credit card would be in your best interest. For some individuals, this just isn’t a good idea. Period. Here are five times when it makes sense to say no to a credit card, thus...

So, you have reviewed your credit score and you don’t like what you see. Before you get too upset, remember this: there are steps you can take to improve your score in the months and years to come. Below are five of the best ways to improve your credit score: 1. Make On Time Payments in the Future For some, this is easier said than done. However, it’s a step you need to take. It’s essential...

It’s bad enough that you had to visit the doctor, hospital, or another medical facility. It’s even worse if you receive a bill, showing that you owe hundreds or maybe even thousands of dollars. If you find yourself in this position, you have a couple of options: •    Pay the bill in full.•    Contact the appropriate party in an attempt to negotiate a lower payment. Which option is right for you? While you may not want...