Credit Scores

When you have debt (or had it in the past) you’re usually very aware of what your credit score is. While having debt can hurt your credit score, there’s no reason to expect your score to be bad forever. In fact, if you get on track with your payments and start making progress toward becoming debt free, your score will improve quicker than you could imagine! The posts below will help you learn about the relationship between credit scores and debt.

Can I Return My Car to the Dealership?

Have you ever been excited to buy a brand new car only to find out that the added taxes, insurance and other fees bumped you well over the “sticker price”? This leads to car owners getting behind on their auto payments and wondering what they can do to get out of the situation. Can you relate? Do you simply want…

Why You Should Not Charge Adult Children Rent

Why You Should Not Charge Adult Children Rent

Welcome to the 8th Smart Money Debate at ReadyForZero! To see the other side of this debate, read Jana’s post: Why You Should Charge Adult Children Rent. And then let us know which argument was more convincing! This post was written by Melissa, a freelance writer who writes about both personal finance and organic living. She blogs at Mom’s Plans, where she shares her financial adventures and love…

What Happens If You Don’t Pay Your Car Payment?

What happens if you don't pay your car payment

Let’s face it. Anyone who’s seen Operation Repo knows ultimately what happens if you don’t pay your car payment, but of course your car doesn’t get repossessed immediately. So what happens in between your first missed payment and the time they send someone out to get your car? That’s what we’ll explain below. But first, here are the steps you…

What Does APR Mean?

What does 0 APR mean

Unless you’ve just woken up from a 100-year sleep, you’ve heard the phrase “APR” mentioned in countless car commercials, radio ads for home loans, credit card offers, and other forms of communication. But what does APR mean exactly? Well, there’s the short answer and the long answer. The short answer is that APR stands for “Annual Percentage Rate.” But you…

How Does Credit Card Interest Work?

How does credit card interest work?

If you own a credit card – or if you’ve ever thought of applying for one – you have probably asked yourself: how does credit card interest work? At first glance it seems relatively simple. But the details can be confusing. So we thought it would be useful to explain exactly how credit card interest works… How Credit Card Interest…