Paying off holiday shopping debts

With the holiday season over, many New Jersey residents are starting 2018 with more debt than they bargained for. A survey finds that shoppers charged about 5 percent more this holiday season than previous years. More than half of those surveyed say that they will still be paying off the bills by the spring. But […]

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What’s The Deal With Credit Inquires

As a certified FICO Pro, I get this question on a daily basis. There is so much confusion surrounding the topic of inquiries. It is very important that consumers understand how this process really affects your credit score. What is an “inquiry”? When you apply for credit, you authorize those lenders to ask or “inquire” […]

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It’s time to pay those holiday credit card purchases: Here’s how to manage

This is the kind of hangover that can really cause some damage. It’s a little over a month since Christmas Day, and New Jersey residents are facing the bill for all the holiday gifts and entertainment they may have purchased with the simple swipe of a credit card. Known in the industry as the holiday […]

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Credit Restoration 101

1. Make A Plan And Stick To It. You must be serious and committed to making changes in your lifestyle – changes that will bring financial peace of mind. Above all, restrict yourself to absolutely necessary purchases. Borrow wisely. The two most important questions to ask yourself: “can I afford it?” and “do I really […]

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Unnecessary Transfer of Wealth

My grandmother always told me, “It’s never about how much money you make, it’s about how much money you can save.” This coming from a woman who made the best of living on my grandfather’s meager wages. All I know is that she owned her own home, never wanted for anything, was never in debt […]

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Credit Tips From Paul Oster “The Nation’s Credit Repair Man”

Credit Tips To Help You Avoid Dangerous Mistakes Credit cards help you easily and conveniently buy things you want (not necessarily need) and even help bail you out of a jam. Unfortunately all this comes at a price; moreover, uncontrolled spending and credit card use leads to various financial mistakes which come with long-term effects. […]

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The Walking Debt – A Guide to Eliminating your Debt

If you’re like me, then every Sunday night you’re glued to the TV watching AMC’s The Walking Dead, hoping your favorite character isn’t the next to be killed off. The show focuses around a group of survivors constantly stressing over how they are going to overcome a growing zombie threat known as walkers. The stress […]

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What is a Charge-Off?

Although the term “charge-off” sounds good, in reality, charge offs are devastating to your credit report and score. Having an account report in charge off status can bring your score down hundreds of points and may even put that account into collections. What is a Charge-Off? An account can get changed into charge off status […]

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Can You Have Too Many Credit Cards?

Is it possible to have too many credit cards? Having a large amount of credit cards isn’t always a bad thing. If maintained well, having tons of credit cards can be beneficial to your credit score. When it comes to your credit score, it’s all about managing your credit cards correctly. If you are unable […]

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What is a Good Credit Score?

With 56% of Americans having poor or bad credit, good credit can be hard to come by… But what is a good credit score exactly? Different lenders may have different definitions of what a “good” credit score is. One lender may approve clients with a 640 credit score or higher while another might approve clients […]

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