The term credit can mean many things. For most people, it is the ability to borrow today and pay later. The idea of “credit-worthiness” defines our personal finances, and reaches out to all parts of our financial lives. Credit can be an accounting term. You can talk about credit cards, your credit history, your credit score, or the three credits you got in college for taking Bowling. This page is the credit nerve center of ThinkGlink.com. From this page you can learn more about what credit means and how having good, bad, or mediocre credit affects your personal finances.
Bankruptcy or Foreclosure
A homeowner is worried the bank will foreclose on his home so he is thinking of filing for bankruptcy. He does have more income coming in a few months, so bankruptcy might be avoidable. He can work with emergency housing counseling to save his house which can help avoid bankruptcy.
Scams You’ll Face This Holiday Season
Scams abound everywhere -- on email, on the other end of your telephone, in your mailbox, and even between friends. Believe it or not, there are seaso...
Real Estate Minute: Boomers Facing Debt Problems At Retirement
Real Estate Minute with Ilyce Glink Boomers Have Never Met a Debt They Didn’t Like and That’s A Problem When it Comes Time To Retire Original Air Date: October 6, 2006
Real Estate Minute: Identity Theft Will Rise In Future Years
Real Estate Minute with Ilyce Glink Identity Theft Will Rise In Future Years Original Air Date: September 27, 2006
Credit Scores Matter More And More
Like it of no, your credit score matters. A few bad financial mistakes made in your early 20s can haunt you for the next decade or more. Credit score has become the key driver in the financial world. Creditors will decide whether to grant you credit and how much you'll be charged based on your credit score. And, insurance companies will decide whether to allow you to purchase various forms of insurance, and how much you'll be charged, based on your score.
Real Estate Minute: Taking Longer to Pay Off Your Debts Isn’t Always the Best Solution
Real Estate Minute with Ilyce Glink Taking Longer to Pay Off Your Debts Isn’t Always the Best Solution Original Air Date: September 2006
Credit Counseling Before Bankruptcy
If you are considering bankruptcy, before you file you should talk to the credit card company to see if they are willing to settle your debt for some amount that is less than you owe. If they know your only other option is to file for bankruptcy, they may be more willing to settle the debt. After you've sat down with a credit counseling service, you may have a better idea of what your options are and how you need to proceed.
Real Estate Minute: Credit Card Debt Rising
Real Estate Minute with Ilyce Glink Credit Card Debt Rising Original Air Date: August 15, 2006
Real Estate Minute: Paying Down College Debt
Real Estate Minute with Ilyce Glink College is costly, but college debt affects your financial health for years to come Original Air Date: July 6, 2006
Real Estate Minute: Health Care Privacy Rights
Real Estate Minute with Ilyce Glink Health Information Technology Bill won’t install Patient Privacy Rights. Original Air Date: July 4, 2006