Newest Answers

Why Your Child Needs a Savings Account

August 24th, 2016 | Author:

[I]n a world where credit is easily obtained, it’s far too simple for people to get into debt. Much more difficult is learning how to save. This practice should begin in childhood so that it is firmly ingrained in a person’s habits when they reach adulthood. When to Start Teaching about Savings You should teach...Continue Reading »

How to Stop Being a Co-Signer and Will It Hurt Your Credit?

August 22nd, 2016 | Author:

[M]any people become co-signers as a favor to a family member or friend who doesn’t have a credit history. After some time, they may want to take their name off the account. This is not always an easy fix, and it may have an impact to both people’s credit. The Process Generally, you have two...Continue Reading »

4 Ways Your Cell Phone Impacts Your Credit

August 19th, 2016 | Author:

[F]or many people, they can’t live without their cell phone. If they have a smartphone, they likely use it to do much more than just talk or text. While having a cell phone can be a good thing, it can also cause problems for your credit score. 1. Pay Your Bill If you fail to...Continue Reading »

Simple Ways You Can Mess Up Your Mortgage Approval

August 15th, 2016 | Author:

[A]fter the initial approval for a home loan, you may be feeling pretty confident about moving into your new home. However, there are some easy ways you can mess up your approval, causing your mortgage to fall through. 1. Adding Extra Income If you have more money in your bank account than what comes from...Continue Reading »

Credit Tips for Newlyweds

August 10th, 2016 | Author:

[S]ummertime is the time for beautiful weddings, followed by fabulous honeymoons. After the end of the vacation, you start your new life as a couple. If you haven’t already had the talk about money – and you should have, now is the time to do so. It’s important to start off a new marriage on...Continue Reading »

How to Build Credit without a Credit Card

August 8th, 2016 | Author:

[A]sk almost any expert, and they’ll tell you the easiest way to build credit is to get a credit card and use it responsibly. However, some people don’t like the idea of using credit to pay for things, so they want to find another way to build their credit history. 1. Ask Your Landlord to...Continue Reading »

3 Things Everyone Should Do Before Getting a Credit Card

August 5th, 2016 | Author:

[A]s the time nears for students to start college, many parents will help them get their first credit card. Other people may be trying to build or rebuild credit with a new card. Before you submit an application for a Visa or MasterCard, here are three things you should do. 1. Start a Savings Account...Continue Reading »

Can Bad Credit be Repaired in 30 Days?

August 3rd, 2016 | Author:

[I]n theory, the answer to this question is “yes.” If you dispute an item on your credit report and the error is fixed, your credit could improve quickly. Even if the creditor refuses to respond in 30 days, the item can be removed. You could see your credit score go up as a result. The...Continue Reading »

Why Maintaining Your Credit is Harder than Improving It

August 1st, 2016 | Author:

[Y]ou get the notice in the mail that says your 30 days past due on a credit card. You can’t believe you forgot to make the last payment, and you know it dinged your credit. You had the money; you just got busy with summer vacation or the kids’ soccer games and forgot to make...Continue Reading »

Why You Should Know Your Spouse’s Credit Score Before You Get Married

July 29th, 2016 | Author:

[Y]ou spend a lot of time talking, getting to know each other before you get married. You discuss where you want to live, how many kids or pets you want to have, and much more. But many fail to talk about money or more specifically, credit. A study from Experian shows that 40 percent of...Continue Reading »

What You Should Know about Mortgages for Lower Credit Scores

July 28th, 2016 | Author:

After the past few years of stringent loan qualifications, home buyers today have more opportunity to qualify for a home loan. The minimum credit score has dropped on both traditional and government-backed mortgages, giving more people the chance to become homeowners. However, you should know a few facts about these changes. More Paperwork If you...Continue Reading »