5 Credit Spring Cleaning Tips

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After the holidays and long winter, it’s not just your house that needs a deep clean. Your credit reports, balances or savings might be looking a little dirty, too. While you’re making a checklist of things to throw out, clean or redo, we recommend adding a few credit items to the list. In the name of the season, we’ve got 5 spring cleaning tips for your credit!   1.       Check your credit reports for any errors   It’s extremely important to make sure there aren’t any errors on your credit report. An error is usually the result of a clerical typo made when processing an application, but it could also signify identity theft. Order all three of your credit reports and make sure you don’t see anything suspicious. Learn how to dispute an error on your credit reports, and … [Read more...]

5 Ways to Start Getting Out of Debt

Jeff Rose from Good Financial Cents shares five ways to start tackling your debt now:   … [Read more...]

10 Steps to Achieve Your FICO Score Resolutions

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Many of us are preparing to make New Year resolutions – such as eating healthier, exercising more, being more productive and improving financial health. All of these are lofty goals, but in terms of enhancing your wallet, there are a few simple things you can do in regards to your FICO Score that can reap long-term financial benefits.   So after you pack up the holiday decorations, finish that last piece of fruit cake and send off 2012 with a bang, follow these 10 steps to help increase your financial fitness – in 2013 and beyond.   1. Get your credit report. Your credit report is a snapshot of how lenders see you. There are three national credit reporting agencies in the U.S. (Equifax, Experian and TransUnion) and you should get a copy of your report from each. … [Read more...]

Trim Your Budget and Pay Down Credit Debt

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Recent reports confirm that credit card debt among Americans remains on the rise. Not only are more of us dipping into debt, but we're also falling further behind than ever, with the average debtor owing nearly $15,000.   Concerns are real and there's a growing sense of urgency to tackle the problem, with the best solutions revolving around getting organized, making a personal budget, and paying down those bloated balances.   The only problem is: Where does the extra money come from month after month?   By taking a thorough approach, committing to change, and staying true, it's possible for the majority of us to trim our budgets and erase debt. If you're struggling to get started, you may not realize that there are a number of solutions that may work for … [Read more...]

Celebrate Financial Independence

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The Fourth of July means barbecues, the beach, fireworks and family – but take a moment this holiday to contemplate your financial freedom. Having a great credit score makes it easier to pursue the American dream, so follow these four easy steps towards cultivating a strong FICO Score and long-term financial health:     Create a Budget   With so many free budget tools available online and on your smartphone, there’s no excuse for not hammering out a plan. Sign up for a service that tracks your weekly spending and helps you stay within your budget goals – and then apply those extra savings to paying down your debt. Read more about debt management.     Set Up Automatic Payment Reminders Don’t let forgetfulness wreak havoc on your … [Read more...]

Spend Your Tax Return Wisely

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Are you expecting a big tax return and dreaming of spending it on a sunny tropical vacation or a new wardrobe? Think twice. Although it may not be as glamorous as a week on the beach, using your return to pay down your credit card debt will do far more to contribute to your long-term dreams.   A survey conducted by Capitol One revealed that 33 percent of Americans planned to spend part or all of their tax refund this year.   “Most people are not factoring their annual return into their overall financial plan and long-term objectives,” says Mickey Konson, Managing Vice President for Retail Banking at Capital One Bank.  “A tax refund is often seen as free money, which makes it very tempting to spend it right away, but it’s important to remember that the refund you’re … [Read more...]

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