Keeping your personal information out of the hands of people with bad intentions is, unfortunately, not possible in the current digital age. Large scale data breaches have occurred with regularity, and likely will continue. It’s the reality of the world in which we now live. We don’t do ourselves any favors in this regard, considering … Read moreWhy Credit Monitoring Won’t Protect Your Identity from Being Stolen
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
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?
Identity theft is a disturbing crime regardless of your age. The idea that your personal information is now in the hands of people with bad intentions can leave you feeling quite vulnerable. Now imagine the panic of discovering that your minor child’s personal information has been stolen and is being used fraudulently. Why Would Anyone … Read moreSix Warning Signs That Your Child’s Identity Has Been Stolen
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?
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
Myths and misconceptions abound when it comes to the subject of credit. Perhaps one of the biggest misconceptions about credit is the notion that you have to take on a lot of debt to earn and maintain great credit scores. In reality, the opposite is true. Your credit score is not your debt score, as … Read moreThree Ways to Build Credit Without Taking on Any Debt
The credit world is full of myths and misconceptions: Credit scores are used by employers. You only have one credit score. Closing credit card accounts can help your scores. All of these are demonstrably false, yet they seem to have a life of their own in the blogosphere. Another myth that has sprouted up recently … Read moreCredit FAQ: What’s the Difference Between a Charge-Off and a Collection?
Your credit score can affect your ability to get a loan or a mortgage, but it also determines how much you’ll pay for insurance. Depending on where they live, drivers with poor credit can pay double to even triple the auto insurance premium of a driver with good credit, according to a study by InsuranceQuotes.com. … Read moreWant to Save Money on Car Insurance? Fix Your Credit
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?