Okay… so you need some money to get that new furnace… or make a significant home improvement… or replace that twelve-year-old car. That might mean going to a bank, or other creditors, and applying for a loan. How do you…
Continue readingThere is a lot of misinformation out there about the best strategies you can take to increase your FICO® Scores. For example, the recommendation that closing down credit card accounts will increase your scores or that an individual should never…
Continue readingAs borrowers, most of us know that we have a FICO® Score and that our score represents our creditworthiness. The factors that make up a credit score are a big part of how lenders see how our background and past…
Continue readingThe top three credit bureaus (also known as credit reporting agencies) are Experian, Equifax and TransUnion. When you’re applying for credit, lenders depend on the data provided by these bureaus to make their decision whether or not to lend you…
Continue readingBefore getting into the importance of “Available Credit” and how it can affect your FICO® Score, it’s essential to know the difference between three specific terms: Current balance is the amount you currently owe on your credit card. Credit limit…
Continue readingIf you are one of the thousands of federal government employees going without pay during the partial federal government shutdown, you may be struggling to make payments on your credit obligations and other bills. You also may be wondering: What…
Continue readingWe’re still at the beginning of a new year and wondering where this year will lead and what lies ahead. One thing of primary concern for most of us is finances: will we have enough money to pay the bills,…
Continue readingNo matter what holiday you celebrate, if you give gifts (or have parties… or travel, etc.) during this time of year, your budget is likely to take a hit. Unfortunately, it sometimes takes more of a hit than we plan…
Continue readingBefore deciding whether or not to transfer a balance from one credit card to another, it’s important to know exactly what a credit card balance transfer is. According to Investopedia, a balance transfer is defined as the process of transferring…
Continue readingA survey recently released, in part by the Consumer Federation of America, shows that consumers are getting smarter about their credit scores and credit in general. As a matter of fact, the number of people who checked their credit score…
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