credit scores
5 Essential Finance Tips for High School Seniors
Do You Have More Credit Knowledge than These Millennials?
Credit Report Cleaning Instructions Infographic
Does Your Credit Score Make You Smile?
Is Credit Sesame a Scam or Legit?
By Lori Kelley Your credit score is important for a variety of reasons. This score can have a huge impact on how much you’ll end up paying in interest on loans, sometimes with a difference of tens of thousands of dollar, depending on how good your FICO score is. For that reason, people who are […]
How Bad Moves on Social Media Could Damage Your Credit Score
By Erin Lowry Dramatically quitting your job via viral video might seem appealing after your boss starts screaming at you — again– but for the sake of your credit score, it’s probably not a good idea. According to a recent report from the Wall Street Journal, lending companies and Fair Isaac (FICO) might soon start […]
Steps That Will Lead You to Financial Security as a Single Parent
Being a single parent can be mentally draining as well as financially exhausting. It doesn’t mean that you have to be destined for the welfare line or a government recipient. It also doesn’t mean that you have to get free lunches for your children or live with your adult parents. To truly be financially successful […]
Four Myths About Credit Scores
Credit scores are essential for financial success, as lenders will use this figure to determine what terms and rate to offer on all loans – mortgages, personal lines of credit, auto loans. That being said, it is important to have a vast knowledge about this number, so people don’t do anything to damage their rating. […]
What You Need To Do When Canceling A Credit Card
After paying down credit card debt that has been a nuisance for quite some time, it may be tempting to cancel the card, so you don’t find yourself in trouble again. However, completing this process the wrong way can lead to your credit score falling, so be sure you know what you are doing. Only […]
Building A Credit Score Without Using Plastic
Many consumers find themselves with a damaged credit score after accumulating a pile of debt on their plastic, which leads them to shy away from these credit cards after they have been paid off. Fortunately, there are numerous ways people can build their credit rating without using their credit cards, such as: No. 1 – […]
Simple Ways to Build Good Credit
Having good credit is one of the cornerstones of maintaining a solid financial profile. Your credit standing will be used in part to determine your eligibility for loans and credit lines, tenancy, employment prospects and depending on the state you live in, auto insurance rates. So whether you’re trying to establish credit for the first […]
Research before applying for that new credit card
Credit counseling services can teach borrowers a lot about credit cards and their intricacies. However, many of these details should be learned well before adding plastic to your arsenal of financial options. According to ABC News, one main area of credit cards many borrowers fail to understand before it’s too late is just how much […]
How to End a Bad Relationship with Your Credit Card
Your credit card may be your best friend when it comes to long shopping trips, booking vacations and your weekly manicure and pedicure sessions, but when the end of the month rolls around and your bill comes due, you may realize that your relationship with credit is more toxic than beneficial. A healthy and […]
High School Students Lack Education on Financial Topics
Most personal finance experts and credit counselors agree that the earlier someone is educated on basic financial topics and money management, the more equipped they will be to make wise financial decisions in the future. Studies have demonstrated that young adults who gain a firm understanding of the importance of budgeting, building and managing their […]
New Credit Scoring Model Could Boost Consumers’ Scores
Has your credit been affected by late payments? Or are you trying to rebuild your credit after being unemployed for months? Well, I have good news for you. A new scoring system that could help you boost your credit score is now available. This new credit scoring model doesn’t factor in debts that went into […]
Don’t Be a Victim of Credit Report Errors
As you may have heard, a Federal Trade Commission study showed that 5 percent of credit reports have mistakes that could lead consumers to pay more for loans, insurance and other financial products. This fact is not surprising, as we can’t expect millions of credit reports to be perfect. And having an error on your […]
How Do You Handle Your First Credit Card?
Whether you are going away to college and opening a credit card for emergencies, or getting your first card for another reason, it will be a new experience. With a credit card comes financial responsibility, and you need to know how to appropriately handle your first card. Make sure you understand the terms: One of […]
