Blog posts

    When Rebuilding Your Credit, Payment History Is Critical

    Paying bills
    Payment history is crucial for good credit
    Image Source: Flickr User kate hiscock

    When you’re rebuilding your credit history – after a financial hiccup, after bankruptcy – or if you’re building it for the first time when you’re just starting out, it’s important to understand how the credit score is calculated and how you can impact the components ...

    5+ Reasons You Need Good Credit – Some Of These May Surprise You

    Surprised
    Surprising reasons you need good credit
    Image Source: Flickr User Beta-J

    Everyone wants good credit. The idea of having bad credit is embarrassing and a secret most people don’t want anyone else to know. Even if you don’t want to buy a house or car and don’t like the idea of having credit cards in your ...

    Credit Score Lingo You Must Understand – When Rebuilding Your Score, Knowledge Is Key

    Terminology
    It pays to know your credit terms
    Image Source: Pixabay.com

    Finances and credit scores are something we all deal with, but sometimes the words and phrases that get thrown around might be confusing. Even if you think you know what a certain term means, you might be wrong. Lack of knowledge can cost you. Today ...

    Protect Yourself After the Equifax Data Breach

    Equifax data breach
    Beware the Equifax data breach
    Image Source: Pixabay.com

    A data breach at credit reporting bureau Equifax may affect more than 140 million consumers. The breach happened between May and July 2017 and resulted in hackers gaining access to names, addresses, social security numbers, dates of birth and maybe even drivers’ license numbers. Credit ...

    How Do Student Loans Affect Your Credit Score?

    Empty pockets
    Too broke for student loans? Your credit score might suffer
    Image Source: Pixabay.com

    Student loans, like most financial obligations, have the power to impact your credit score for the positive or the negative, depending on whether you pay on time, late, or have fallen into default. With most grads now leaving school with more than $30k in student ...

    Larger Credit Limits Can Result in a Better Credit Score (But Be Careful!)

    Credit card
    Use your plastic carefully for a better credit score
    Image Source: Pixabay.com

    Bouncing back after bankruptcy is a journey and those that racked up big credit card debt that was discharged in Chapter 7 or 13 might be gun shy about plastic. However, rebuilding your credit score after bankruptcy is critical and it’s almost impossible to do ...

    Tip: Use Your Credit Cards to Protect Your FICO Score

    Closed
    Your credit card accounts can be closed without notice
    Image Source: Pixabay.com

    Although it seems counter-intuitive, the fact is that if you do not use your credit cards, it can (indirectly) harm your FICO score. You might think it’s enough to have a few credit card accounts in your name, that you rarely or never use so ...

    When Working to Improve Your Credit Score, Utilization Is Critical

    Percentage
    What percent of your credit are you using?
    Image Source: Pixabay.com

     

    Once you ditch your debt using bankruptcy, the next step is rebuilding your credit. Getting credit cards and using them wisely is key to re-establishing your credit as fast as possible. The downside to being so deep in debt that you turn to bankruptcy ...

    The Benefits of Aging – Most Older Americans Have Higher Credit Scores

    Older couple
    Older Americans usually have higher credit scores
    Image Source: Pixabay.com

     

    When you think about getting older, you might focus on the negatives. You may not be able to jog as far as you once could, and you’ll notice a few smile lines and some gray hairs. However, lots of things also get better with ...