Can I Be Debt-Free & Have Great Credit?

Credit Score

Can I Be Debt-Free & Have Great Credit?

Can I Be Debt-Free & Have Great Credit?

Credit and debt are not synonyms. This is important to know. It’s understandable people confuse the relationship: It’s good to have a high credit score, and you need to use credit in order to have a score. Sometimes, using credit leads to debt. However, you do not need to have debt to have a credit... Read More

Can a Personality Test Replace a Credit Score?

Credit Score

Can a Personality Test Replace a Credit Score?

Can a Personality Test Replace a Credit Score?

While credit reports and scores are vital to getting loans in the U.S., a project called the Entrepreneurial Finance Lab is taking a different approach to determining creditworthiness using a personality test of sorts. Small-business loan applicants in developing countries can get approved based on the program’s test, rather than their credit histories. EFL uses... Read More

What the New Fed Chair Means for You

Personal Finance

What the New Fed Chair Means for You

What the New Fed Chair Means for You

The running joke about economists is that they equivocate on every question, answering always with a phrase like, “On the one hand….but on the other hand.”  So it’s only fitting that a story about the impact of Janet Yellen’s confirmation as Chairwoman of the Federal Reserve on Monday follows this time-tested formula. On the one... Read More

5 Credit Card Mistakes You Can Fix

Credit Cards

5 Credit Card Mistakes You Can Fix

5 Credit Card Mistakes You Can Fix

Oops! It happens to all of us. We make a big mistake with our credit cards. These mistakes are not just embarrassing, they can be costly as well. The costs can come in the form of fees, interest charges and higher loan costs in the future due to a damaged credit history. Thankfully, your credit... Read More

Credit Cards vs. Debit Cards: What’s Safer?

Credit Cards

Credit Cards vs. Debit Cards: What’s Safer?

Credit Cards vs. Debit Cards: What’s Safer?

The epic personal data breach at Target stores across the country was an unhappy Christmas surprise for consumers: an estimated 40 million shoppers’ account numbers were stolen by hackers. While there remain many unanswered questions—how something like this could have happened and why it took so long for Target to discover and report the crime,... Read More

How Long Does It Take for a Medical Debt to Go to Collections?

Managing Debt

How Long Does It Take for a Medical Debt to Go to Collections?

How Long Does It Take for a Medical Debt to Go to Collections?

Growth in annual healthcare costs has slowed since the beginning of the recession. Despite this, privately insured patients are taking on increasing responsibility for the cost of care through greater out-of-pocket expenses. The typical American family of four had total healthcare costs exceeding $22,000 last year, which included out-of-pocket costs of $3,600. This level of... Read More

The Hidden Danger After the Snapchat Hack

Identity Theft

The Hidden Danger After the Snapchat Hack

The Hidden Danger After the Snapchat Hack

Snapchat users face another potential threat to their privacy: online tools designed to help users determine if their name and phone number was among the 4.6 million compromised in a recent hack. Two tools — GS Lookup and Snapcheck.org — allow users to enter their username or phone number and find out if they made... Read More

Making a New Year’s Resolution Stick

Personal Finance

Making a New Year’s Resolution Stick

Making a New Year’s Resolution Stick

A week in, how’s your New Year’s resolution going? Did you make one? New Year’s resolutions give us a chance for a fresh start. It’s a way to turn the page and look hopefully toward the future. After all, we’re all going to be better versions of ourselves this year, if only we can stick... Read More

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