The Skinny On Credit Cards – Book Review

By: Jim Randel (2010)

ISBN 978-0-9818935-4-9

Book Price: $14.95

Plain-English, entertaining, explanation of important topics

Jim Randel is an attorney and entrepreneur who has studied topics of financial literacy and personal achievement for thirty years. After years of studying how people learn, RAND Publishing has created The Skinny On series of books to provide a plain-English, and entertaining story, explanation of today’s most important topics.

Credit card education

Jim Randel uses a creative cartoon-style approach to educate readers. He addresses points as, “What is a financial blueprint?” (p. 13); “… card companies… ” (p. 50); “… what happens once money is loaned to you” (p. 60); “… the myth that debt is good… ” (p. 93); “… lower your rates… ” (p. 135); “The credit card act” (p. 146); and more.

Overcoming debt

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Credit Repair Services: Do You Really Need It?

Repairing credit can be compared to losing weight, there is no quick-fix! Just as it takes time to get rid of your fat, the same goes for the negative items on your credit report. Any attempt to repair your credit quickly is more likely to backfire, than to produce any positive result. The best thing that you can do in order to rebuild your credit is to be responsible in managing it over a period of six months at the least.

You need to be responsible in managing your credit, but what if there are errors and inaccuracies in your credit report that render it negative? The worst thing about such inaccuracies is that you are at a serious disadvantage, usually through no fault of yours. Unfortunately, a study by U.S Public Interest Research revealed that 70 percent of all credit reports contain serious errors.

Fixing these errors involves a detailed legal process which consists of sending dispute letters to creditors and credit bureaus, sending reminders, studying the docum

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Who Has Our Credit File?

Interesting question, Isn’t it?

Who has our credit file…

The problem with answering that question, is there is not a simple answer that we want to hear, because the truth is a hard pill to swallow.

To do this, I would like for us to look back in our more recent history, so that we may follow a chain of events that leads us to where we have ended up at today. I will first present some scenarios to you, so that you are thinking in the same terms as we do in my business of Data/Information Security.

Let’s begin with our Credit Scores; We all know that we must have good credit scores in order to do the things that are necessary in life, such as buying a car or house, taking out a loan, and opening credit card accounts. Now most of us also know that there are “Credit Bureaus” which are responsible for those numbers being in existence. How often, though, have you considered that they must track your information and all of your purc

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How to Quickly Crush Credit Card Debt (6 Best Ways)

If you have high credit card balances in 2018, you need to prioritize paying them off and doing so in the quickest possible time-frame. The reason why is because credit card debt is now more expensive than it’s ever been in the past, and if that’s not enough reason, here’s a few more statistics to fuel your desire to get out of debt.

1. Total revolving debt in the United States as of February 2018, which is primarily made up of credit card debt, has reached $1.030 trillion, according to the latest Federal Reserve statistics. This is an all-time high for our country.

2. Interest rates have increased twice already in 2018, and the CME FedWatch Tool suggests another rate hike is coming by the end of this month.

You’re about to learn the six best ways to pay off high credit card debt, but before we dive in, first let’s look at the most expensive option that you want to avoid.

The Most Expensive Credit Card Relief Option


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Do Credit Repair Programs Really Work?

To many in the real estate industry, credit is the most important thing that you can have. For most people you can’t buy a house without credit. You pay higher interest rates with poor credit. You also pay more for other things like insurance and financing appliances with bad credit. So what do you do if you had some mistakes in your past and you need to fix your credit?

Many people are turning to professional credit repair programs. If you search on the internet for credit repair, a million different companies show up and they promise to do everything for you in order to repair your credit. Many people that are eager to buy a house often spend money on these programs in hopes that their credit will get high enough for them to take advantage of the current interest rates as well as to qualify to buy a home.

In my business I have looked into many of these programs and while some of these programs offer legitimate help for repairing your credit, none of them do any

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Best Credit Repair Companies Info: How to Determine Which Service Is Right for You

Anybody who has poor credit should really work hard to clear off those negative items and to bring that score back up. Since it can be a difficult process, it might be to your advantage to work with one of the best credit repair companies and to let them do all of the hard work. The DIY approach isn’t for everyone – especially for those who have been dealing with a lot of financial problems and have really low scores.

It must be noted that credit repair companies are not the same thing as credit counseling agencies. The former will cost you money, but you’ll never have to pay upfront (if they try to get you to put money upfront then it’s likely a scam). A good repair company will check your credit reports and identify all negative items, and then determine if any of them are questionable. It will use all legal means possible to have those items removed by communicating with and negotiating with the credit bureaus and credit companies both.


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Advantages and Disadvantages of No Annual Fee Credit Cards

Credit cards with accompanying rewards programs often come with annual fees as well as interest-free days. This type of cards is best suited for people who use their cards frequently. However, though this card provides many advantages to cardholders, it will come with high interest rates.


– Extremely low interest rates

– Low credit limit

– interest-free days

– Introductory promo deals


– High interest rates for cash advances

– Will cost more once the introductory period is over

For this reason, this card is not recommended for people who cannot pay more than the minimum monthly balance, mostly those that do not have a stable source of income. This is why no annual fee credit cards are the natural alternative for most people. This card often comes with interest-free days, usually around 50 days on purchases.

In addition to this, no annu

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How to Avoid Bad Credit – Throw Away the Credit Card

Ask anyone who has a credit card what their number one fear is and they are likely to tell you… their greatest fear is ‘NOT’ having the credit card. I mean these are usually people who have a giant credit card debt with the interest piling up every month at a large percentage rate.

If you ask them whether they want to be free from this bondage, be able to live to a standard that doesn’t give them sleepless nights with repayment stress – they are likely to say YES PLEASE where do I sign. But if that journey began with them cutting up their prized possession – the card – you would literally hear them gag on their saliva.You see regardless of the x amount of pounds they owe, the FEAR of not having this piece of plastic and the access it gives to funds far outweighs the mountain of debt it represents.

I know this because I’ve been there. It’s that fear of ‘not having enough’ of ‘being ‘caught sho

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Your Credit Score and What It Says About You

A person’s FICO credit score isn’t something that should be taken lightly. Obtained through a system called credit scoring, it greatly determines the decision made by creditors about whether or not to give you credit. A credit score may also be utilised to determine the terms and rates of credit advanced to you.

The score is arrived at after the evaluation of your credit report. Some of the elements that make their way to the credit report include the number, types, and ages of accounts you hold, bill paying history, whether you pay your bills on time, and the outstanding debt. Creditors then use a statistical program to compare your loan repayment history with that of consumers who have similar profiles.

Generally, the scoring system attach points to every factor that has the capacity to predict the person most likely to repay a debt. The credit score, which is the total number of points, predicts the creditworthiness of a person. Ideally, it represents th

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How to Get Business Financing With Bad Personal Credit

Banks REQUIRE good credit to get approved as you know. Most people only go to their bank when they need money. But the most common business bank loan, SBA loans, only account for 1.1% of all business loans (Department of Revenue 2013). The reality is the big banks are NOT the suppliers of most business loans. And even though they require good credit to qualify, many sources don’t.

SBA and other bank conventional loans are tough to qualify for because the lender and SBA will evaluate ALL aspects of the business and the business owner for approval. To get approved all aspects of the business and business owner’s personal finances must be near PERFECT. There is no question that SBA loans are tough to qualify for. This is why according to the Small Business Lending Index, over 89% of business applications are denied by the big banks.

Private investors are a great source of business funding. They want average or better credit of 650 scores or higher in most case

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