Money and Finance tips
by Carol Nevins
A large portion of the population today is living with excessive debt. They shop and spend with no thought of the consequences. In effect, they are not managing their money and debt properly. In order to get a handle on it one must change their attitude about money. It’s not an never ending supply of fun but an asset that must be managed.
Many people want to know how long a negative notation will stay on their credit report. The answer to this is seven long years. If you have a bankruptcy or judgment the notation can stay on your report for up to ten years.
For many people this feels like a heavy prison sentence. During this time they are afraid to try and move out of a cramped apartment or upgrade from an old junker of a car.
Bad credit is like a disease that has taken over the lives of tons of people in today’s consumer-driven world. Bad credit repair is not rocket science, though. It’s something that must be taken seriously and it has to be done with a proactive plan. The good news is that it is possible to repair bad credit, but the bad news is that it’s not exactly easy. Here are five steps to get you headed in the right direction.
You’ve in all probability seen the ads for bad credit debt consolidation. Even if you’re in debt up to your ears and haven’t produced a payment in months, these companies claim they can help you consolidate your debt in spite of your bad credit. Subsequently they have worked your magic, you’ll be given with, “Just one painless monthly payment!”
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