As Freddie Mac notes, credit repair is not an overnight fix -- it's something that takes months, even years to achieve. But with time and diligence, anyone can take their bleak financial situation and turn it around. Here are four strategies to help you bounce back.
Keep these important elements of your monthly debt payment in mind. They could mean the difference between a debt-free life with a solid credit history and piles of debt with a not-so-good credit score. Read on to find out what these important elements are.
Residual income is sometimes confused for debt-to-income ratio, which is your monthly income vs. your monthly debt. Residual income is the amount of money that is left over each month after all of your major expenses are paid – including housing, taxes, and debt payments.
Automatic bill pay is convenient, but it's not for everyone. Here are some of the pros and cons of using automatic bill pay.