Credit Letters

Reading Time: 3 minutes A “Promise to Pay Letter” is a promise to pay a debt that is put in writing. These documents may also be known as a loan note or a loan agreement and is sometimes called an I.O.U. In most cases, the promise to play letter will be prepared by a loan officer at a bank …

How to Write a Promise to Pay Letter (with Sample) Read More »

Reading Time: 2 minutes Over one-hundred and sixty million people in the US have credit cards today. Credit is a necessity for everything from renting or buying a home to making hotel reservations.  A credit card is one of the major ways people establish and build their credit. The average credit card holder owes over $15,000 in debt. How …

How Your Credit Card Balance Affects Your Credit Score Read More »

Reading Time: 3 minutes A credit score has a big impact on the amount of money an individual spends. With a low credit score number, they pay more interest for credit cards, home loans, other debt and for insurance.  With a high score, they can save substantially on all types of debt. Consumers can also have a big impact …

Simple Ways to Improve Your Credit Score Read More »

Reading Time: 3 minutes There are several reasons a consumer may want to reduce their credit card interest rates. Credit cards are very convenient until payments get behind. If that happens, the interest charges usually go up and may be equal to or more than the minimum payment on the amount due.  Credit card companies may also raise rates for …

How to Write a Simple Letter to Reduce Credit Card Interest Rates Read More »

Reading Time: 2 minutes Credit inquiries are the way businesses determine a person’s credit worthiness. There are two types of credit inquiries.A hard inquiry occurs when potential lenders check the credit history of a person requesting a loan.  This type of inquiry affects the credit score. When there are several of these types of inquiries, a credit score can be …

How to Write a Strong Credit Inquiry Removal Letter (with Sample) Read More »