UltraFICO vs. Experian Boost: Two New Ways to Build Credit

Two recent credit announcements are attracting the attention of consumers and financial institutions alike. That’s because for many years, your credit scores were 100% reliant on the information in your credit reports as reported by your current and former lenders. That’s not necessarily the case any longer — at least not for consumers who choose … Read moreUltraFICO vs. Experian Boost: Two New Ways to Build Credit

Credit FAQ: Will the Government Shutdown Damage the Credit of Furloughed Workers?

It’s January 11, 2019 – the first day paychecks will not arrive for some federal workers due to the government shutdown. Among other worries, furloughed employees may be wondering how missed or delayed debt payments might impact their credit if the shutdown continues and they’re unable to pay their credit cards or other bills on … Read moreCredit FAQ: Will the Government Shutdown Damage the Credit of Furloughed Workers?

You Owe How Much? Here Are Five Ways to Pay Off Your Holiday Debt

The holidays may be fun while they last, but the overall financial impact of the season tends to linger in ways that aren’t so cheery. A late 2017 study from MagnifyMoney found that the average consumer added $1,054 to their credit cards during last year’s holiday shopping season. It remains to be seen whether this year’s … Read moreYou Owe How Much? Here Are Five Ways to Pay Off Your Holiday Debt

Credit FAQ: When Does a Late Payment Show Up on My Credit Report?

If there are two truths about credit scoring, it’s that paying your bills on time is a must, and there’s no shortage of complicated industry jargon. You probably already understand the former, which is the importance of keeping your credit reports free and clear of late payments. The latter may be another story. One such … Read moreCredit FAQ: When Does a Late Payment Show Up on My Credit Report?

Loan Shopping? Here’s How Multiple Inquiries Impact Your Credit Score

Shopping around to make sure you find the best deal on a loan is financially smart. Getting the best interest rate and terms possible, especially on a mortgage, could save you thousands or even tens of thousands of dollars over the life of a large loan. And we can thank the internet for allowing us … Read moreLoan Shopping? Here’s How Multiple Inquiries Impact Your Credit Score

Is It Smarter to Use a Debit Card or Credit Card?

Although they may look exactly alike tucked away inside of your wallet, credit cards and debit cards represent two very different types of payment methods. Using a debit card is similar to paying with cash or an old fashioned paper check. A debit card (which is also different from a prepaid debit card) is tied … Read moreIs It Smarter to Use a Debit Card or Credit Card?

Use a Free Credit Freeze to Stop Identity Thieves Cold

It’s been just over a year since the now infamous Equifax data breach of 2017. To refresh your memory, this massive data breach potentially exposed the personal information of some 145.5 million U.S. consumers. The exposed data included names, addresses, Social Security numbers, and dates of birth. Of course, the Equifax data breach is not … Read moreUse a Free Credit Freeze to Stop Identity Thieves Cold