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Did you just check your credit scores and find out the numbers are much lower than you expected? “While you might remember missing a payment or defaulting on a loan, there could be many other reasons your credit score can take a dive while you are unaware,” said Cary Carbonaro, managing director at United Capital Financial... Read More
When you find yourself staring down a mountain of debt, you probably want to just find a cave somewhere and hide. But if the way you’re managing your money has the potential to affect your spouse or significant other, it’s worth talking about it, lest you suffer the fallout of financial infidelity later on. While everyone’s financial... Read More
If you’ve been researching how to improve your credit scores, you may already know that your mix of credit accounts is one of five key factors that affects your credit scores. If you aren’t familiar with that fact, it simply means that, to achieve the highest possible credit scores, you generally need more than just credit... Read More
A collection account is bad news for your credit score, and the damage can last for years. During that time, you may miss opportunities to save on interest rates and insurance premiums, see an increase in offered interest rates if you want to finance a home or car, and generally stall your finances. But how do you... Read More
If you own a small business, or want to, and need to take out a small business loan, it’s good to keep in mind that a personally guaranteed business loan can impact your personal credit scores, sometimes for better, sometimes for worse. But if you default on the loan, the negative impact could be downright devastating.... Read More
It’s a common question around these parts: How do I fix my credit? And, while credit scores do have a lot of nuances, the answer is actually pretty straightforward: Pay all your bills by their due dates, keep your debt levels low, add a mix of accounts as you can afford it and voila! — your... Read More
Are you in search of greener pastures or simply feel ready for a new career challenge? If so, it doesn’t hurt to have good credit, as some employers pull a version of applicants’ credit reports during the application process as part of a background investigation. For jobs that require federal government security clearance or access to government facilities,... Read More
It’s possible, and sometimes common, for teens and young adults to unknowingly damage their credit, as they aren’t fully aware of how their spending habits are truly affecting them. But sometimes it can go a step beyond youthful mistakes and parents are the ones ultimately prompting the damage to their child’s credit. (You and your... Read More
Thanks to the Fair Credit Reporting Act, you’re likely familiar with the three major credit reporting agencies — Equifax, Experian and TransUnion. And you’ve also likely deciphered that you have more than one credit report, given that laws entitle folks to a free one from each bureau every year. (You can get these reports over at AnnualCreditReport.com.) You... Read More
“I need a man who has his life together and can pay his bills.” That’s not a jaded divorcée talking. It’s 22-year-old Martina Paillant of Brooklyn, New York. In a recent interview with The New York Post, Paillant said she was raised in a family of professionals who took handling their money very seriously. “I have no student... Read More
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