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Oh my gosh, I’m so excited I could just go and flip a table.

My blog titled “‘Real Housewives of New Jersey’ credit card tales of trouble” about the broke but fabulous RHNJ co-star Teresa Giudice was included in the Carnival of Personal Finance hosted by Beating Broke.

Teresa and her husband are dealing with some nasty credit card debt right now. They’ve filed for bankruptcy but potentially face more legal troubles for allegedly concealing assets and lying under oath. Check out the carnival to get more information on this and a plethora of other finance-related topics.

Millions of people are expected to build up credit card debts this summer as they set off on holiday, it has been claimed.

Research by Bright Grey has shown that 32 per cent of British adults will add to their credit card debts as a result of booking their summer getaways .

Furthermore, 58 per cent of these people will be unable to pay off their credit card debts immediately, meaning they could incur large interest charges.

Roger Edwards, proposition director at Bright Grey, said: “Getting away on holiday can be a high point of the year for many people, however with one in three borrowing to pay for their getaway, it is important to make sure they don’t end up with a financial holiday hangover on their return.

“Planning ahead for the future financially can help avoid using expensive emergency measures to cover them for the short-term and also mean that everyone can enjoy the sun without the grey cloud of debt hanging over their heads.”

Using a credit card zero per cent interest on purchases for a number of months could help to keep down the costs of paying off debts. Read full article…

Australia’s banks and financial institutions charge high “exception” fees and mortgage exits fees “simply because they can”, it has been argued.

John Collett, a finance columnist for the Sydney Morning Herald, noted that since the onset of the global financial crisis there has been “a massive transfer of wealth from consumers to the banks” that has enabled them to charge the fee levels they want.

He observed that the banks’ claim that rising fees are necessary to recover higher funding costs will soon be tested in a huge class action to recover exception fees on overdrawn accounts and credit cards.

Mr Collet said the banks had already been undermined in their attempts to use the same defence when raising home loan rates above the official cash rate.

“The Reserve Bank put paid to that argument in its March bulletin when it said that for the major banks, the increases in lending rates had more than fully offset their higher funding costs,” he added.

Mr Collett’s comments may encourage more consumers to compare credit cards ahead of the class action findings. This Read full article…

Having a lower credit score can lead to a plethora of financial difficulties involving every aspect of life, from personal enjoyment and life’s luxuries to the provision of bare necessities.

Many people that once had a good credit score are now victims of a struggling global economy, unable to keep up with the ever-increasing mound of debt combined with unemployment and the increasing cost of living. However, fortunately there is a way to rebuild the credit score using simple routine practices that can financially reform anyone’s credit score.

Assessing the Situation

The first step in rebuilding the credit score is obtaining a credit report from one of the major credit reporting agencies. It

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There are many reasons why credit reports are requested, ranging from new business partnerships, prospective tenants or lease agreements, and  loan/credit card application approval amongst others. While credit reports are often fairly accurate, there are some instances when the information contained on the report may be outdated or inaccurate.

Fortunately, there are ways to change the information contained on the credit report. When information is found to be inaccurate by the credit reporting agency it is usually removed from the report or revised within thirty days of the complaint.

What Information Can Be Revised?

Although it is not possible to dispute the actual credit score, there are many details contained on a  credit report that can be disputed. T

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