Let's suppose you bought a $600 sofa using one of those "no interest charges if paid off within 12 months" lines of credit. You pay off the balance within the 12 months so the question becomes, should … [Read more...] about Should You Close A Credit Line You’ve Paid Off?
If your credit score was 579 could you get a mortgage? That would depend a lot on why you had such a low score. Let’s suppose you had several old accounts from back in 2007 or 2008. Would paying them … [Read more...] about “We’re trying to buy a home, but my credit score is 579”
There was just the story of a 25-year-old woman who had a credit score of 735. She had paid cash for every expensive item she had ever purchased, including her car. Her only credit history was a $600 … [Read more...] about “Will Opening More Credit Cards Improve My Credit Score?”
Do you understand the effect that your credit score has on your life? Well, if you weren’t aware of this, let me tell you that it has a very important effect. For one thing, the interest you pay on … [Read more...] about What Effect Does Credit Card Debt Have On My Credit Score?
If you’re typical, you probably don't spend one minute a day thinking about your credit report. In fact, you may not have thought about it anytime in the past year. Well, this could be a mistake. The … [Read more...] about Important Info About Your Credit Report And How To Get It Free
Unfortunately, it’s not hard to fall into the category of “bad credit.” It’s typically what happens when you can’t make even make the minimum monthly payments on your credit cards, miss payments on a … [Read more...] about Can You Use Debt Consolidation To Repair Bad Credit?
If you want to take charge of your credit to reach your financial goals, it's important that you know how to get and maintain healthy credit. The simple truth is that the healthier credit you have the … [Read more...] about Do You Know The “4Cs” Of Credit?
Would you like to live free with no mortgage payment for months or even years? If you could, how much would that put in your pocket each month – $800, $1,000, $1,200 or even more? If you're like most … [Read more...] about Should You Use A Strategic Default To Live Rent Free?
FICO is the new name for what used to be called the Fair Isaac Corporation. It is a publicly traded company that provides decision-making services and analytics. Its best-known product is its FICO … [Read more...] about What Is MyFICO.com And Why Should You Care?