Credit FAQ: What’s the Difference Between a Charge-Off and a Collection?

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?

Want to Save Money on Car Insurance? Fix Your Credit

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

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

Three Ways to Remove a Charge-Off From Your Credit Report

If you fall far enough behind on your bills and eventually default, you may start seeing or hearing the term “charge-off.” The term charge-off can be a little misleading, and some people even believe that a charged-off debt is one that is no longer owed. Yet, despite many hopeful wishes to the contrary, that is … Read moreThree Ways to Remove a Charge-Off From Your Credit Report