Kellys Credit Information

Credit Information

Minimum Credit Card Payments to Rise


For years, major credit card companies have allowed cardholders to make minimum payments of 2% of the outstanding balances on their credit cards. Having customers pay the minimum doesn't reduce the balance by very much, but when the 18-30% interest rates that many credit cards charge is applied, the result is a profitable ones for the banks that issue credit cards.

Collection Agency Secrets for Collecting on Bad Debt


Getting worried that one of your clients, customers or patients will never pay? Have you given up on a customer who's essentially said he won't pay? Congratulations--being stiffed by a customer or patient is a milestone in the growth of a business or medical practice. But even the most hopeless of bad debts can sometimes be collected-collection agencies have been doing it for years.

Commercial Collections: Business Finance Booster Shot


Commercial collections: fixture of the new B2B cultureIf you're in the business-to-business field, or even if you're a consumer products business that works through third-party distribution channels, you probably know what it's like to check your mail anxiously each day, sifting through all the bills for that payment that was supposed to have been in months ago.It wasn't supposed to be like this.

Will Inquiries Lower Your Credit Score?


What are inquiries?When you apply for credit the creditor or lender checks your credit report to verify that you qualify for the credit or loan you are applying for. The "inquiry" is then reported to the credit bureaus and shows up on your credit report.

A Summary of the Fair Credit Reporting Act


This summary of the Fair Credit Reporting Act will explain what you can legally do if you want to repair your own credit report. No matter what you hear, you can dispute credit information on your credit report if you understand the legal rights you have under this law.

Recognizing the Signs that You Might Need Credit Counseling


Most families in America today have a credit card; some have two or more. The type of credit card you own, gold, platinum, ext, is almost a status symbol in society.

Understanding the Process of Credit Counseling


Many of us have seen the advertisements on television. "Get out of debt fast!" "We can solve all your credit problems with only one call!" These sound really great but you know that, realistically, one call is not going to solve your credit problems.

Bankruptcy vs. Credit Counseling: What Should I Do?


Credit Counseling and bankruptcy are both ways to relieve the stress of debt. However, they are very different and it is important to understand both before making a decision as to which is best for you.

Credit Repair Kit Sound To Good To Be True? It Is.


A lot of people have bad credit. It is unfortunate that good people with good intentions are sometimes lured into credit card offers with outrageous interest rates or convinced to buy a new, overpriced car that they cannot afford.

Bad Credit? No Credit? Yeah, Its a Problem.


Many companies use the slogan "Bad Credit? No Credit? No Problem!" The truth is that it is in fact a problem and there is no easy way to correct it. It takes a lot of time and effort to obtain credit when you do not have any and even longer to fix bad credit.

Errors on Your Credit Report: What You Should Do


There are times when you may be turned down for credit and you do not understand why. According to the Fair Credit Reporting Act you are entitled to a free copy of your credit report if you have been denied credit because of negative items on your credit report within 60 days of the request for credit, if you are unemployed but looking for work, are on welfare, or believe that your credit report is incorrect because of fraud.

Are you paying higher interest on your credit cards than you think?


Many credit card holders sign up for a credit account with an 8.9% interest rate and then later realize that their interest rate has been bumped to 27.

How To Establish Great Credit


Building a good credit history is important. If you have no reported credit history, it may take time to establish your first credit account.

The Hazards Of Your First Credit Card


You probably don't need me to tell you credit cards are easy to get a hold of; at least, that is so in the US and UK. How many weeks pass without a glossy brochure promoting a credit card popping through your letter box? And that's just your mail; the tv advertising budgets for credit card promotion are enormous, with some famous faces often adorning your screen, smiling beautifully as they tempt you.

Getting Married? What Are The Finance and Credit Implications?


There is a big difference between looking after your own finances while living alone, or with parents, and living with a partner. The transition can be very difficult, especially if both partners are strongly independent, or one partner is financially weak and the other strong.

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MORE RESOURCES:

Town Hall

CREDIT MARKETS: Few Issues Cap Busy Week For Corporate Bonds
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In high-yield, Ford Motor Credit Corp.'s 7-year notes sold on Wednesday were similarly oversubscribed. Even secondary trading volumes have picked up since ...
CREDIT MARKETS: Tepid Auction, Refi Fears Dominate TradingWall Street Journal
Analysis: Equity 'volatility' vs credit market, what to believe?Reuters UK
Stock Index Futures or Treasuries?Inside Futures

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This is Money

The New Credit-Card Tricks
Wall Street Journal
The Credit Card Accountability Responsibility and Disclosure Act of 2009, known as the Card Act, was intended to reshape the contours of consumer finance. ...
What is a merchant supposed to do when a credit card is left at his or her ...Seattle Post Intelligencer (blog)
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Do prepaid debit and credit cards affect your credit score?Helium
e-wisdom.com (blog) -Which? -CardRatings.com (blog)
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Christian Science Monitor

Use Balance Transfers to Reduce Credit Card Debt, Says SmartBalanceTransfers.com
MarketWatch (press release)
NORWALK, CT, Jul 27, 2010 (MARKETWIRE via COMTEX) -- SmartBalanceTransfers.com, a website that allows visitors to find the best credit card balance transfer ...
Who Pays For Credit Card Rewards?NPR (blog)
4 Common Fees and How to Avoid ThemU.S. News & World Report (blog)
Interchange Fees a Scam?The Atlantic (blog)
The Economist (blog) -Forbes (blog) -JoongAng Daily
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MDC Holdings 2Q Loss Narrows, Helped By Tax Credit; Orders Up
Wall Street Journal
Outside of orders, home builders have seen better results in recent quarters, helped by the federal government's tax credit given to first-time home buyers. ...
M.D.C. Holdings Announces Second Quarter 2010 ResultsMarketWatch (press release)
Homebuilder MDC Holdings narrows loss in Q2 as closings soar 71%Denver Business Journal

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US CREDIT-Lincoln National bonds attractive after earnings
Reuters
N) bonds may be a safe bet as the insurer enhances its liquidity, sees positive credit ratings actions and pays off its obligations to the US government. ...
Lincoln Beats, Growth Across BoardZacks.com

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FreightCar America gets $30M credit facility
The Associated Press
CHICAGO — Railcar manufacturer FreightCar America Inc. said Friday that it has entered into a senior secured revolving credit facility for $30 million. ...

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News Fire

Credit card debt reduction companies: The Real Deal
NewsChannel 9 WSYR
Syracuse (WSYR-TV) - Everyone has heard the ads for companies that promise to reduce credit card debt. For years, they've been charging big bucks upfront to ...
Credit Score Drops Tremendously in the USTimes News World (blog)
Giving credit where it is dueMail & Guardian Online
Why you need to go with a Credit Card debt consolidation company to get the ...TMCnet
OfficialWire (press release) -WDBJ7.com -CardRatings.com
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Give Mike Brown credit ... this signing was brilliant
Boston Herald
Brown didn't get much credit for that title, so it's only fair to give him credit for this: The signing of Terrell Owens was a masterstroke and should be ...

and more »


Weyerhaeuser Says Pace of US Housing Recovery Uncertain After Tax Credit
Bloomberg
“This has been especially evident in the market retreat following the expiration of the federal homebuyer tax credit at the end of April. ...

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TheStreet.com

AT&T Bonds Fall After Unusually Timed Credit-Rating News
Wall Street Journal
The credit ratings agency also said it has concerns about AT&T's pension and post-retirement obligations. Gatlin, the AT&T spokesman, defended the company's ...
S&P upgrades Invesco credit ratingsBusinessWeek
S&P says may cut AT&T's credit rating by one notchReuters
AT&T's corporate credit rating faltersSan Antonio Express
TheStreet.com -Barron's (blog) -Dallas Business Journal
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