Newest Answers

Celebrate the Small Wins in Your Move Towards Financial Freedom

August 26th, 2015 | Author:

[I]f you are working to improve your credit score, you know how difficult it is to see major changes. Your score may go up three or four points and then back down. You may pay off a small credit card and expect to see a new number, but it only improves by 10 points. If...Continue Reading »

Why You Need to Understand Debit Cards vs. Credit Cards For Your Credit

August 24th, 2015 | Author:

[E]ven though you can use credit and debit cards in most of the same places, but that doesn’t mean they are the exact same. There are several differences between the two that you need to be aware of. Fees and Balances A debit card is linked directly with money in your bank account. You can...Continue Reading »

Understanding How Credit Impacts Your Home Purchase

August 19th, 2015 | Author:

[I]f you have been working to improve your credit so that you can buy a home, you have probably been watching the news reports about credit changes closely. Just a couple of years ago, you couldn’t purchase a home at all with most lenders if your credit score was below 640. With the economy improving,...Continue Reading »

Should You Check Your Credit Score?

August 17th, 2015 | Author:

[M]ost people never check their credit score or only check it occasionally. While you see many advocates for regular credit checks or signing up with a credit monitoring program, there are plenty of times when you won’t have to worry about your credit. However, that doesn’t mean you should ignore it completely. Here are the...Continue Reading »

Can You Get a Business Loan with Poor Credit?

August 14th, 2015 | Author:

[S]tarting a new business is an exciting but often scary idea. If you have bad credit, you may find it is even more difficult. If you need to fund your new business with inventory or capital, you may discover that getting a loan is almost impossible. However, alternatives are available to help you get the...Continue Reading »

Can Anyone See Your Credit Score If They Want To?

August 12th, 2015 | Author:

[W]hen you apply for credit or a loan, you may be asked to give permission for the creditor to obtain a copy of your credit report. You may assume that they will also see your credit score. This is not always the case, and it is important to know who can and can’t see your...Continue Reading »

What You Don’t Want to See on a Credit Report

August 10th, 2015 | Author:

[T]here are a lot of ways you can lower your credit score. Maxing out credit cards, being late on payments and applying for too much credit. However, some things do major damage to your credit score that is not so easy to recover from. Bankruptcy Bankruptcy is often a last resort when you cannot afford...Continue Reading »

What to Do About Medical Debt

August 7th, 2015 | Author:

[M]edical debt can go into collections if you are unable or unwilling to pay. It can result in a lower credit score and damage that takes years to overcome. While recent changes have altered how medical debt is calculated in your credit score, you still want to take it seriously. How to Prevent Medical Debt...Continue Reading »

First Steps for a College Student to Establish a Credit Score

August 5th, 2015 | Author:

[I]f you have never been out on your own or you are the parent of a college student moving out on his or her own for the first time, you want to make sure that you start out the right way to build your credit. It will be difficult to rent an apartment and do...Continue Reading »

Can You See a Credit Report When You Sign Permission for One?

August 3rd, 2015 | Author:

[I]t has become more common for businesses to ask for a credit report before approving an application. Not only for credit cards and loans, but businesses that rent apartments and cars as well as insurance companies require credit reports with applications. You may wonder if you have a right to that credit report, especially if...Continue Reading »

Ways to Improve Your Finances and Your Credit Score

July 31st, 2015 | Author:

[S]ometimes it can be difficult to manage your financial responsibilities. You feel overwhelmed and end up trying to forget about the bills you have to pay and the accounts you should reconcile. To simplify your finances and protect your credit score, you should consider doing one or all of the following. Reduce the Number of...Continue Reading »