Tag Archives: credit

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Common Misconceptions Newlyweds Have about Credit

Are you believing a financial lie?

If you’re a newlywed, there are some things regarding money about which you might be…

By Sheiresa Ngo

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Credit Survey Reveals Differences Between Millennials and Older Adults

Younger card holders less likely to request free credit reports

The Consumer Federation of America and VantageScore Solutions recently unveiled their fourth annual survey on…

By Sheiresa Ngo

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Credit Cards

4 Ways to Protect Your Credit During Vacation

Don't let a financial bind ruin a good time

Don’t leave home without heeding this advice on protecting your credit while on vacation or…

By Sheiresa Ngo

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10 Dumb Things We Do With Our Money

We need to unlearn bad habits, not just learn the right financial moves to make

As important as learning what to do with money is knowing what not to do

By Alfred Edmond, Jr.

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small-business credit quality continues to improve as credit balances rise and delinquency rates fall

Small-Business Credit Quality Continues to Improve as Delinquency Rates Fall

Lower delinquency and stronger credit growth are excellent signs of growth

Small business credit is growing at a near double-digit level

By C. Daniel Baker

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Are Americans Taking on More Debt?

Increased confidence in the economy spurring more risk from Americans, but is it too soon?

One of the biggest indicators is the consistently improving housing market, which is picking up…

By Ashley R. Harris

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Living in a committed relationship without the benefit of marriage creates unique challenges for financial planning.

Financial Advice for The Committed, But Unmarried

In a long-term relationship, but not ready to put a ring on it? Here are steps to honor your partnership while protecting your finances.

People not married but in long-term committed relationships have many of the same financial concerns…

By Alfred Edmond, Jr.

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Credit Risk

Instant Gratification? Sure. But It’ll Cost You

If you're borrowing money on a credit card because you must have it NOW, at least know how much you're really paying.

If you knew the real price, you might think twice about paying it.

By Alfred Edmond, Jr.

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Credit Card Delinquencies Lowest in Over a Decade [Report]

Newly-released numbers indicate that consumers could be smartening up

Newly-released numbers indicate that consumers could be smartening up

By Ashley R. Harris

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Three Hidden Credit Card Perks You May Not Know About

When used correctly, credit cards can work in your favor

When used correctly, credit cards can work in your favor

By Sheiresa Ngo

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WATCH: Amid Criticism, Suze Orman Defends Her New Prepaid Debit Card

In a video interview with theGrio.com/CNBC reporter Sharlita Brantley, Suze Orman goes on the defensive about launching her own prepaid card

In a video interview with theGrio.com/CNBC reporter Sharlita Brantley, Suze Orman goes on the defensive…

By Elayne Fluker

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RUSH COMMUNICATIONS: Russell Simmons, founder of Def Jam (1984) and Rush Communications (1991) (pictured). Def Jam is responsible for launching the career of LL Cool J and the Beastie Boys, and Rush Communications is the parent company for media, entertainment, apparel, financial and philanthropic companies.

Russell Simmons to the Financial Press: ‘Is It Because I’m Hip Hop?’

Amid prepaid debit card criticism, the RushCard founder demands to know why he's considered a "celebrity endorser"

As prepaid debit cards by Suze Orman and Lil Wayne are criticized, RushCard founder Russell…

By Elayne Fluker

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7 Signs that You are a Woman Behaving Wealthy

Time for a purse check, ladies. These tips tell you what you need to do to go from 'just making it' or 'plain broke' to truly wealthy

Time for a purse check, ladies. These tips tell you what you need to do…

By Robin A. Young

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Take control of debt. “The rich rule over the poor, and the borrower is servant to the lender.” —Proverbs 22:7

Your Get-Out-of-Debt Checklist

A new year is upon us and, according to Experian, the average consumer owed more…

By Sheiresa Ngo

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3 Ways to Achieve Your Financial New Year’s Resolution In Just 30 Days

2012 is here. Is your money right? Use these tips to help you get on-track

Money coach Lynnnette Khalfani-Cox gives you three key tips to help you reach your financial…

By Lynnette Khalfani-Cox

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If one of your New Year’s resolutions for 2012 is to improve your finances in some way, join the club.

According to a survey from TD Ameritrade, 73% of Americans will make at least one money-related New Year’s resolution. Regardless of your current economic circumstances, here are 12 crucial and doable financial goals worth putting on your list of New Year’s resolutions for 2012 – along with some tips and resources to ensure your financial success.---Lynnette Khalfani-Cox, Askthemoneycoach.com

12 Financial New Year’s Resolutions for 2012

Money Coach Lynnette Khalfani-Cox tells you 12 easy steps to get your money matters in order for 2012!

Money Coach Lynnette Khalfani-Cox tells you 12 easy steps to get your money matters in…

By Lynnette Khalfani-Cox

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While small business loans slid 4.1% from 2009 to 2010, there was still some $310 million extended in 2010. So while credit may be tight, capital is out there. But what do banks look for these days before extending a loan? “I think a lot of people seem to have the impression that banking is rocket science,” says Douglas Dillon, Senior Vice President of Commercial Lending for Industrial Bank (No. 8 on the BE BANKS list with $382 million in assets). “I’m not of that impression.” He says banks look at the following five criteria before extending a business loan. —Alan Hughes

5 Tips on How to Secure a Small Business Loan

If you want the bank to say yes to a loan, know these five things they look for

Getting a small business loan can make or break a budding business. Here are five…

By Alan Hughes

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Ask the Money Coach: How Do Small Collection Accounts Impact Your Credit Score?

Pay your bills; protect your credit

Money Coach Lynnette Khalfani-Cox tells you how to protect your credit score

By Lynnette Khalfani-Cox

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What Will a Strategic Default Do to Your Credit Score?

See if this drastic money move is the right one for you

Money Coach Lynnette Khalfani-Cox helps you decide if this drastic money move is the right…

By Lynnette Khalfani-Cox

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Don’t Let Your Car Note Drive You Crazy

Four ways to deal with overdue car payments or other issues when you’re struggling to pay for your vehicle

Money Coach Lynnette Khalfani-Cox gives four ways to deal with overdue car payments or other…

By Lynnette Khalfani-Cox

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How To Get the Best Credit Card Deal

Five tips to help you narrow down your search and score the best credit card deal

Lynnette Khalfani-Cox gives five tips to help you narrow down your search and score the…

By Lynnette Khalfani-Cox

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What You Should Know About Credit Card Hardship Plans

Four years of careless spending led to $8,000 in credit card debt for Wilmington, Delaware,…

By Shandra Hill Smith

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Photo by Quantrell D. Colbert

How To Get A+ Credit

Follow these tips and get the best credit score you can

When Simone Griffin was young, she would watch her grandmother pay the bills on the…

By Tamara E. Holmes

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Watch Out For Business Credit Cards

Don’t put your personal finances at risk

The Pew Charitable Trusts released a study showing that millions of individuals and small business…

By Sheiresa Ngo

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What You Need to Know about Co-signing on a Loan

When friends and family ask you to co-sign on a loan you might think you’re doing them a favor, but you’re actually entering into some risky business.

If you decide to co-sign on a loan for someone, there is a three out…

By LaToya M. Smith

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6 Common Lies Debt Collectors Will Tell You

And how to spot them a mile away...plus know the truth about your rights as a consumer

If you’ve ever had to deal with debt collectors, you know that many of them…

By Lynnette Khalfani-Cox

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New Study Shows 62 % Drop in Home Mortgage Approvals to Minorities

When the housing market collapsed, so did the number of home loans to Blacks and Latinos

Together, African-Americans and Hispanics were able to borrow 62 percent less to buy or refinance…

By Kenneth J. Cooper

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According to the 2010 Ariel Black Investor Survey, African Americans consistently saved and invested less than whites of similar incomes over the past decade. As BLACK ENTERPRISE CEO Earl "Butch" Graves, Jr. wrote in a recent Executive Memo: "Make money work for you, not against you. We must reverse this trend by taking a disciplined approach." For the February issue of BLACK ENTERPRISE magazine, I charged our Finance Editor John Simons and our Consumer Affairs Editor Sheiresa Ngo with wwweloping 10 power moves to improve our readers' finances. Follow these tips to better manage your money today an dreap huge benefits tomorrow!--Derek Dingle

10 Power Moves to Help You Better Manage Your Money

Simple steps to help you spend, save and invest smarter

According to the 2010 Ariel Black Investor Survey, African Americans consistently saved and invested less…

By Derek T. Dingle

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The Statute of Limitations on Debt

Make sure you know the rules of how to deal with long-term debt

The statute of limitations. You’ve most likely heard the term before, but you may not…

By Sheiresa Ngo

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4 Things You Might Not Know About Credit

Think you know everything about credit? You might be surprised by these overlooked options

How much do you know about credit? Below are four things you might not be…

By Sheiresa Ngo

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The holiday shopping season is over and the New Year has begun. Reaching your financial goals starts with getting a clear picture of where you are today. Guessing and estimating will not do; you need to know exactly where you stand financially, to the dollar if not to the penny, not in your head, but on paper (even better, on computer). To increase your wealth by December 31, 2011, here's what you need to do NOW. --Alfred Edmond Jr.

5 Steps to a Richer 2011

Reaching your financial goals starts with getting a clear picture of where you are. Here's what to do NOW!

The holiday shopping season is over and the New Year has begun. Reaching your financial…

By Alfred Edmond, Jr.

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How Bad Credit Can Hurt Your Career

If you think your employer doesnt care about how you handle money, think again

Here are four things to know about credit and your job

By Sheiresa Ngo

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Taking Control

Kyla Acie knows how to save, but she needs to set investment goals for retirement and her child�s education

Investing for long-term goals is important to Acie. Many African Americans, regardless of age or…

By Carolyn M. Brown

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Credit Reporting Myths and Reality

Before making a major purchase, arm yourself with the right information

Garnell Shumate wants to buy a home in 2011, so she works hard to maintain…

By Denise A. Campbell Laidler

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Year-End Financial Checkup

Use this guide to help you evaluate your financial health

Here are some guidelines to help you conduct your own financial checkup.

By Sheryl Nance-Nash

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Counterpoint: Making the Case Against Money Disorders

Why your poor relationship with money may be deeper than you think

The dysfunctional relationship between some people and their money is not a money disorder. Instead,…

By Renita Burns

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Money Expert Q&A: When Stores Cancel Your Line of Credit

Answers for your personal financial-related questions and concerns

I got a letter in the mail that my credit card account for an electronics…

By Sheiresa Ngo

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Love & Money: How to Merge Finances with Your Spouse

Your guide to managing matters of finance and romance

If you’re recently married, at some point you’ll be faced with a big decision: how…

By Sheiresa Ngo

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Managing Credit: Understanding Your Utilization Ratio

Your guide to understanding and managing your credit.

Creditors use a calculation called a credit utilization ratio, which makes up 30% of your…

By Sheiresa Ngo

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How to Combat New Banking Fees

Banks continue to look for ways to make up losses

You might be breathing a sigh of relief after the recent changes to banking fees…

By Sheiresa Ngo

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10 Questions to Ask a Debt Settlement Company

Understand what you�re getting into

Debt settlement might seem like an easy out, but there are many risks involved. Learn…

By Sheiresa Ngo

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What You Should Know Before Settling Credit Card Debt

Be mindful of the pros and cons of consulting a service

If you’re up to your eyeballs in debt and can’t see the light at the…

By Sheiresa Ngo

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Do You Know Your Business Credit Score?

Whether managing or repairing it, understand how it affects operations and the bottom line

In the current economic environment, business owners understand that a good personal credit score is…

By Emerald S. Morrow

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Pep Talk: Ready to be Debt-Free

How can I get on track if I am always in the hole?

I’m a 32-year-old mother of two and I’ve spent a great deal of time living…

By Tennille M. Robinson

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Green Credit Cards

Is an environmentally conscious credit card right for you?

Everyone close to Chanté Evans, 30, knows
being “green” is a priority for her. Each year…

By Leslie E. Royal

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Credit Card Reform Starts Today

Consumers gain rights with new provisions

The landmark legislation that Obama signed in the spring of 2009 that was designed to…

By Renita Burns

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Ask Your Advocate: Can Unemployment Lead to Bankruptcy?

I’ve been unemployed for the last six months, and I’ve spent most of my emergency…

By Sheiresa Ngo

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Credit Inquiries—Hard Pulls vs. Soft Pulls

Here's the lowdown on how multiple inquiries impact your credit score

Learn how certain types of inquiries on your credit report can impact your credit standing.

By LaToya M. Smith

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Boost Your Credit Score

A few simple steps can make a difference

Having the ability to obtain an affordable home loan is only one example of how…

By Lauren Lea

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Hell Hath No Fury Like a Credit Cardholder Scorned

Consumers use power of closure to fight rate raises

Oh geez, you’ll never guess who decided to take up arms and join the civil…

By Renita Burns

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Don’t Just Toss Those Credit Card Notices

Be mindful, active in managing contract changes

Here’s what to do when your credit card issuer wants to change your terms, raise…

By Bridget McCrea

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Reaching the Next Level

B.E. takes a look at the 2008 Financial Fitness contest winners to see if they're closer to a secure financial future

This year has been tough for almost everyone. Belts are tighter and wallets are opening…

By Sheiresa Ngo

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Reviving Your Credit Score

Four steps to rebounding after foreclosure

Foreclosure can be the scarlet F, branding your credit report and docking up to 200…

By Heather Boerner

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Treasury Secretary, SBA Chief Host Listening Session for Entrepreneurs

Forum focuses on getting cash to small businesses

Last month the Obama administration announced with great fanfare a plan to increase small business…

By Joyce Jones

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Boost Your Credit Score

A few simple steps can make a difference

The rules for boosting credit have not changed in light of the new Credit CARD…

By Lauren Lea

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2009 Black Enterprise Entrepreneurs Conference + Expo

Everything you missed!

Highlights from the 2009 Black Enterprise Entrepreneurs Conference + Expo

By Black Enterprise

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How New Credit Card Reform Affects You

Consumers gain rights with new provisions

A bipartisan group of lawmakers applaud after President Barack Obama signed the Credit Card Accountability,…

By Renita Burns

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Mr. (or Mrs.) Fix It

Mistakes—we all make them, but in an economy this tough, even a small misstep can…

By Kenrya Rankin Naasel

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Senate Hearing Focuses on Credit Availability

Panelists discuss lending increases, payment issues

For several years, small businesses have become increasingly reliant on credit cards as a major…

By Joyce Jones

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Women & Money: Tips for Financial Empowerment

Ways to combat salary disparities

Over the next two weeks, we’ll have money management tips and strategies from Harrine Freeman,…

By BlackEnterprise.com

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Women & Money: Tips for Financial Empowerment

Credit counseling CEO gives insights on money management

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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Did They Cause the Credit Crisis?

The loud, angry chorus of blame began almost immediately. As big banks and brokerage houses…

By Tamara E. Holmes

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Goodbye Credit Card Rate Hikes?

New rules add protections for consumers

For many of us, credit cards have been a saving grace in times of need…

By Renita Burns

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