How Lenders and Credit Scores Treat Defaults
A default occurs when you don’t make payments on your credit card or loan for an extended period, usually several months. It will damage your credit score, harm your future financing... read more »
Need a better understanding of bad credit and how to fix it? Our finance experts have put together a series of step-by-step guides on a variety of bad credit related subjects.
Featured
288 views
13 min read
Debt settlement is a process through which you negotiate with creditors to pay less than you owe by... read more »
Debt
336 views
13 min read
A default occurs when you don’t make payments on your credit card or loan for an extended period, usually several months. It will damage your credit score, harm your future financing... read more »
Debt
640 views
17 min read
Debt consolidation is when you combine multiple debts — including loans and/or credit cards — into a single payment. By consolidating them, you make one monthly payment instead of many,... read more »
Debt
1,469 views
19 min read
Garnishment happens when a court allows a creditor (i.e., the person or company you owe money to) to take part of your paycheck or money from your bank account to pay debts such as... read more »
Loans
2,058 views
21 min read
A cosigner is someone who helps you get a loan or credit card by promising, in writing, to pay the loan if you cannot pay it back. This makes it easier for you to borrow money,... read more »
Lessons
2,964 views
13 min read
Credit counseling is a service that provides help from a professional to better manage your money and debts. Counselors can help you plan to pay off your debts and guide you on how to... read more »
Loans
4,688 views
15 min read
A payday loan is a small amount of money that consumers can borrow and then pay back when they receive their next paycheck. This type of loan is helpful if you need cash quickly,... read more »
Loans
6,444 views
9 min read
Predatory lending practices have the potential to affect everyone, but national security is at stake when financial challenges threaten military members. The Military Lending Act (MLA)... read more »
Loans
6,146 views
15 min read
An installment loan is a loan with a fixed repayment term, meaning that there is a specific end date to the loan. When you sign up for an installment loan, you know exactly how many... read more »
Personal Finance
3,887 views
11 min read
A person’s income depends on various factors. While some people may believe someone’s earnings stem from their ambition and work ethic, others hold that life’s circumstances have a more... read more »
Credit Cards
4,345 views
21 min read
Unsecured credit cards are available without putting down any money as a deposit to secure your credit line. When you spend with an unsecured card, you borrow money from the credit card... read more »
