Cosigning a credit card or loan allows the bank to pursue you for payments when the other person cannot. Unless the other person can demonstrate that they can handle it alone, banks typically won’t allow you to remove your name. If you’ve cosigned for a loved one, removing your name will be difficult, but it…
Details
The most famous travel destinations in the world are both unique and expensive. You must consider the cost of airfare, lodging, transportation, activities, and food. Many travelers rely on credit cards and personal loans to finance a trip, but before taking off to a new location, you should research all potential expenses and consider the…
Details
It is not uncommon for a consumer who has fallen significantly behind on credit card payments to close it. Others may close a credit card because they have had a dispute with the issuing entity or they have no need for the balance any longer. However, everyone should be aware that taking this step will…
Details
There is a specific dissociation that people experience when using credit cards as opposed to paper money. People tend to spend freely when using a charge card because there is no physical exchange of bills taking place. Seeing cash leave your hand is a very tangible experience. Shopping with plastic is simpler, making it easy…
Details
Nearly everyone in the US has a credit card and relies on a good credit score to be able to live a financially healthy life. With this in mind, many people believe that they’re better off financially because they stay totally debt free, and don’t have any obligations on their cards. While having debt may…
Details
Serious delinquency on a credit card payment is known as credit card default. This status will affect your relationship with the current card issuer and your ability to receive future credit offers. It also lowers your credit score, impacting your ability to rent apartments, secure loans, and may even keep you from buying a car.…
Details
Would you like to be fiscally fit? No matter how old you are, these five tips offer a basic concept of good financial habits that will set you up for success. While budgeting your money and being self-disciplined can be difficult, it is essential for financial prosperity. Automate Your Savings To ensure that you can…
Details
Debt collection can be a frightening experience that is amazingly common throughout the United States. According to one estimate, one in three Americans will receive a message at least once from a debt collector concerning a delinquent payment. Collection lawsuits are incredibly serious. Showing up unprepared or flat-out refusing to answer can result in severe…
Details
Having a high credit limit is beneficial, even if you do not intend to use it. It means that financial institutions trust you to borrow money and repay it. Having credit cards with a large spending capacity come in handy in case of emergency. You can also use these cards to make large purchases and…
Details
Mistakes happen. Families go through financial hardships or have personal issues that may prevent them from paying their bills on time every month. Unfortunately, credit card companies are not particularly forgiving. When you pay your credit bills late, it will affect your credit score. The consequences of a late payment depend on the situation. Every…
Details
. Heather Weis | Benveniste Law Offices Call us 847-849-1163