Michael Cohen is the Digital Marketing Manager for myFICO.com

About Michael Cohen

Michael Cohen is the Digital Marketing Manager for myFICO.com

Moving and Money: One Year Later

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  When I first started at myFICO over a year ago, it required the largest change in my life— moving 3000 miles by myself to a state where I didn’t know anyone. I had to figure out how to get my first apartment by myself, change banks and a lot of other new financial issues. I recorded most of these in the first part of the series, Moving and Money – Getting Cash, and I hope some of you learned from my trials and were prepared for your own experiences.     Well here I am a year later. I am still in the same apartment, but I’m officially considering moving again. I have a fully furnished apartment, so I would definitely need to sell/donate a lot of items and compare mover expenses. I have a lot to consider, but now I know a bit more. For those of you like me, … [Read more...]

Word on the Web: Week of 12/2

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Welcome back! Hope you had a wonderful Thanksgiving and a successful Black Friday-Cyber Week Shopping Spree! Of course, we also hope whatever you may or may not have spent only has a positive impact on your score. Related to that, here are some great articles from the web.     Tom Quinn on DoughRoller’s Podcast http://www.doughroller.net/credit/interview-ficos-credit-expert-tom-quinn-podcast-episode-002/ Of course we’re going to give a shout out about our credit expert Tom Quinn giving a great interview on DoughRoller. This is definitely worth a listen to learn more about FICO® Scores and get some 3rd party information from Rob Berger. Listen Below!     ConsumerWatch: Is Your Credit Score A FICO? This holiday season you might be bombarded by … [Read more...]

Job Interviews: Things to Know

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Dress professional, show up early, and be prepared with your best and worst features. These are basics for any job interview. But are you going in to the next job interview equipped with your financial health in mind? There are things you might need to know not only about your past (background) but your future (financial well being) as well. Now I’m not here to make you even more stressed before plunging into your closet for the ultimate power suit. Rather here are some tips to be aware before you wow your next boss.   Ask the “Right” Questions Let’s be honest – the real question on both you and your potential employer’s mind is “How Much?” However, on your first interview you might not want to lead with this. On the first interview, let the interviewer bring it up naturally, or … [Read more...]

Community Call-Up: 10/29/13

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While blogs are an important source of information (if I may say so on my blog), another great resource for news, content, or advice is from people just like you. Here are some helpful conversations from people talking about credit.       A basic guide to credit and credit reports [US] http://www.reddit.com/r/personalfinance/comments/1pgzed/a_basic_guide_to_credit_and_credit_reports_us/ Reddit is one of the best forms of social news and entertainment. Outside of pictures of cute animals and interviews with anyone, almost every interest has its own subreddit full of information. In the personalfinance subreddit, one user provided this basic guide to credit and credit reports with a lot of detailed information.   RENTING: What report would a landlord … [Read more...]

Word on the Web: Week of 10-27

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Happy Halloween and November 1st! Costumes, candy, facial hair, and writing are the big topics being discussed. Did anyone see any fun FICO® Score related costumes this year? Around the office, the myFICO team had a great collection of unique costumes - mostly homemade!  Anyways, this week we’ll highlight some credit “tricks” and “treats” from around the web: Halloween Fright: Most Consumers Don't Know Their Credit Score http://www.digitaljournal.com/pr/1547301#ixzz2j8LQgD28 As we move into the holiday season, knowing your credit score is more important than ever. But don’t be frightened - this article highlights some important data from the new American Bankers Association (ABA) survey, and some credit do’s and don’ts from the ABA. 10 Things Consumers Don't Understand About Credit … [Read more...]

Personal Finance Apps

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For those of us with smart phones, we may joke “There’s an app for that!” On my phone I have social apps (Facebook, Vine), sports apps (ESPN ScoreCenter, two fantasy football apps), entertainment apps (RadioLab, Spotify, Planets), and even more related to my interests and needs. The realm of personal finance has not been excluded from this list as well – nestled between social and travel apps is my folder for personal finance apps, and I wanted to discuss with you some of the apps out there you may want to consider.   Mint This was honestly the first app recommended to me (by my friend who is a CPA). This award-winning app “allows you to track, budget and manage your money all in one place.” You do not need to have an account with the mint.com website prior to use, but you can … [Read more...]

So what’s Your Excuse?

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This week, ABCNews posted an article about the craziest excuses for poor FICO® Scores. This got me thinking about some of the excuses out there. Now we aren’t in grade school anymore, so “the dog ate my billing statement” isn’t excusable. Especially with online/paperless payment options available. Likewise, my dear child spilled their milk on the mail isn’t a real crying issue. But there are legitimate excuses out there for poor credit scores, and legitimate reasons for good FICO Scores. Let’s try to blend the two together.   I Forgot to Pay on Time Hey, months fly by so quickly sometimes that some things escape notice. And we’ve all had that “Wait, it’s the first already? Oh no, I need to pay X!” the important thing is 1)      Get a calendar/reminder system set up – can be an … [Read more...]

Standards, Shutdowns, and Mortgage Applications

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Late last month, the Washington Post published that in August there was an increase in the percentage of successful home mortgages for applicants with FICO® Scores less than 700 – up almost double 2012 percentage. Some were taking that as a sign of hope, as some lenders may have focused equally on employment and savings. But not everything was getting easier with mortgage insurance premiums increasing in certain cases. Regardless, with average FICO Scores down, lower might have been the new norm.   Unfortunately, as we entered October, the country is in a government furlough. If the shutdown is short, there hopefully will not be long-term effects. But if there is no compromise over the shutdown and it extends to weeks, this could directly impact mortgage applications. Remember, … [Read more...]

New School Year, New Savings

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The new school year is right around the corner. For some, the biggest concern is getting the right type of backpack, while for others it’s getting the right type of loan. Regardless of the new school affecting your life, you will most likely need to go shopping for supplies. Here are a number of helpful tips to let you get the best bang for your buck.   Coupons   For simplicity’s sake, a lot of the nationwide pharmacy chains offer weekly ads. CVS and Walgreens both offer a weekly ad accessible through the mail, in stores, and even online. With these you can find deals on essentials not just for the first day of school, but for projects and supplies all year round. Remember these are more than just pharmacies with school supplies – they sell groceries, seasonal goods, and … [Read more...]

Word on the Web: Week of 8-4

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We are officially in August, and while the heat is still around, the break is quickly coming to an end. Students are returning to school, driving schedules are changing, and financial concerns are filtering in. All across the web, bloggers are providing important information regarding these concerns. Here are a few we thought would be the most beneficial to our readers.   5 Steps to Choosing Your First Credit Card http://www.doughroller.net/credit-cards/5-steps-to-choosing-your-first-credit-card/ Our friends at Dough Roller provide a helpful guide for those looking into their first credit card. You don’t have to be entering college or entering the workforce to find some great tips. Even if you own multiple cards, you might just learn something new.   Five Credit … [Read more...]

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