Category Archives: Credit

No Fee Secured Credit Cards: A Lifeline for a Drowning Society

Secured credit cards, also known as prepaid credit cards, can be used to rebuild poor credit histories because creditors report the consumers’ credit histories to the reporting agencies. The unique advantage of secured credit cards is that users do not … Continue reading

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What is the Meaning of an R9 Credit Rating?

When you view your credit report, you will notice status indicators next to each account listed. With revolving credit accounts, they range from "R0" to "R9". The "R" stands for a "revolving" (charge) account. If the account is an individual … Continue reading

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Example of Letter to Creditor?

We all know that our income may change for the worse when we take out a loan. Rough times contribute to many loan defaults. Is this letter a good example of a change in personal finances or loan agreement? I … Continue reading

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