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VantageScore Drops Paid Collections
Recently, VantageScore announced that it is updating its scoring model. One of the changes coming is the decision to drop paid collections accounts from the credit scoring model. When an account goes...
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Monday Motivation: 10 Credit Tips for College Graduates
After college, many college graduates walk into one of three realities: A good job and few bills to pay (no kids or mortgage yet), which yields quite a bit of extra cash No job or an okay job and a...
View ArticleNearly 25% of Americans Have Neglected to Check Their Credit Report
New data shows that 22% of Americans – almost one quarter of the population – has never checked their credit report, even though they are entitled to an annual free copy of it. Yahoo! Finance, using...
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Monday Motivation: How to Build Credit When You’re Just Starting Out
My son and I have recently been talking about credit. He’s a year out of high school and has become interested in building a credit history. My discussions with him and others about credit revealed...
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What Is ChexSystems And How Does It Impact My Credit?
There are very few of us out there who haven’t made a mistake or two with our checking accounts. Usually, these arithmetic errors result in getting hit with an overdraft fee, a few foul words, payment...
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Monday Motivation: How Your Credit Report Impacts Your Credit Score
Most of us know that a credit score is a very important part of your financial well-being. A good credit score can mean the savings of thousands of dollars over the course of a loan, due to a lower...
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Ways To Work on Improving Your Credit Score After a Foreclosure
While a foreclosure may seem like the end of all your hopes and dreams, it does not have to be the end of your financial future. Many Americans with sub-prime or adjustable rate mortgages lost their...
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The New Grad’s Guide to Building a Credit History and Budgeting, Part 1
This is the first in a two-post series that will offer new graduates some tips and tricks for how to go about building a credit history and manage budgets as they begin the next chapter of life beyond...
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Could Your Social Media Use Impact Your Ability to Borrow?
Are you ready for banks to start looking at your social media use when it comes time to make a decision about your loan? The next evolution in credit scoring may be around the corner — and it might...
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Are Credit Cards Turning Us Into Bad People?
Increasingly, our society is moving away from cash. When was the last time you actually paid with cash? It’s much easier to pay with plastic. And, in many cases, that plastic is a credit card. But what...
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Are Millennials Ready to Ditch the Plastic?
We often think of Millennials as steeped in consumerism. It seems natural, then, for them to be neck-deep in credit card debt. However, it appears that young Americans are deciding to live with credit...
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What kind of credit score do I need to buy a car?
When it comes to buying a car and shopping for a car loan, you have a lot of options. But the cost of those options depends on one critical piece of information: your credit score. Your credit score...
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Do’s and Don’ts for College Students with Credit Cards
If you’re a college student, you probably have a few numbers on your mind: the number of days until you head to campus, your GPA from last semester, the amount of money you’ll have to spend on...
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The New Grad’s Guide to Building a Credit History and Budgeting, Part 2
This is the second in a two-post series that will offer new graduates some tips and tricks for how to manage budgets and credit as they begin the next chapter of life beyond school. Here’s part 1. Your...
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Monday Motivation: Why is My Credit Report More Important than My Credit Score?
There is a lot of focus placed on credit scores these days. Because the credit score is a quick way for lenders to make a judgment about your creditworthiness, there is an almost-obsession with making...
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Why Do I Need to Check My Credit?
If I were to ask you to tell me your credit score, could you do it? Do you know what your magic number is? Do you know how many lines of credit you have open at the moment? Do you know how much debt...
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Monday Motivation: 5 ways to help your child build their credit score
One of the first things newly independent adults often need is a credit history so they can borrow money – to finance their education, a car, or even a home. And the better their credit history, the...
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Building Credit the Easy Way
When lenders, insurers and other financial services providers want to make decisions about you, they check your credit history. If you want the best rates on your loans, the best deals on insurance,...
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Lenders Start Looking at “Unscoreables”
One of the long-held realities of our financial world is that a credit score is necessary if you want to borrow money. In some cases, it is sometimes worse to have no credit than to have poor credit....
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Three Signs You Should Probably Quit Credit Cards
In the world of personal finance, there are a lot of experts out there with strong opinions about credit cards. These opinions run the gamut, from some who believe that credit cards are a valuable tool...
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