Debt Relief Information-Debt Academy

A good credit history can be considered as a base of a good financial life. A simple reason behind is that the better your credit history will be, the lower interest rate you will get on a loan. This can help save you a decent amount of money in the long run, especially on mortgages . Apart from this, maintaining a good credit history can also assist you in getting a job as well as a lower insurance premium. This is because a plethora of employers and insurance companies consider your credit history to provide you a job and set the premium for your insurance. So, a better credit history offers good chances of landing a job while having the lowest insurance premium possible. Without any further ado, here are the 3 tips for establishing a good credit history: 1. Using Time As An Advantage When it comes to establishing a good credit history the primary factor is having a long credit history. Unfortunately, there isn’t anything you can do about this. The only thing you ...

Every credit card holder knows the exact meaning of the term minimum payments. A plethora of credit cards don't need cardholders to fully pay off their balances at the end of their billing cycle every month, but cardholders do require to pay the minimum amount of the total billing amount. Expert credit card debt counselors state that it can be somewhere between 2% to 3% of the remaining balance, or it can be a minimum of $25 or $30, depending upon whichever is higher. Technically, paying the minimum amount helps you keep your account in good status, but there are also some negative consequences related to this decision. Here are the top 4 reasons why minimum payments are considered devilish and must be avoided. They Hold You in the Sea of Debt Though minimum payments might keep your credit card bills on the low side, it is vital for you to think about the big picture. You have to understand that minimum payments don't benefit your bottom line, but your credit c...