8 Credit Score Myths Debunked

Credit Score

8 Credit Score Myths Debunked

8 Credit Score Myths Debunked

I have received thousands of questions and comments about credit scores in my 20+ years of working in the credit scoring business—and I realize there are a lot of misconceptions about credit scores and lending practices.  Here are several common credit score myths that I see repeatedly surface. Myth #1: Every inquiry for credit costs… Read More

Warren Announces Run for Senate

Personal Finance

Warren Announces Run for Senate

Warren Announces Run for Senate

Elizabeth Warren, the Harvard law professor and fiery consumer advocate, announced Wednesday morning that she will run for Senate in Massachusetts against Republican Scott Brown. The announcement ends months of speculation about Warren’s next move. In a video on her web site, Warren says her reason for running is simple: “Middle-class families have been chipped… Read More

Government to Bargain House Hunters: Go Away.

Mortgages

Government to Bargain House Hunters: Go Away.

Government to Bargain House Hunters: Go Away.

The government is getting lots of offers lately for its huge stockpile of foreclosed homes. But most of those would-be buyers are asking for deep discounts, offering just 40 to 60 percent of the list price for many homes. The government’s response? Call us back when you’re serious. “We are not considering any such significant… Read More

Refinancing Mortgages Without a Credit Check

Mortgages

Refinancing Mortgages Without a Credit Check

Refinancing Mortgages Without a Credit Check

On my drive into work last week, there was a segment on NPR’s Morning Edition that reviewed different ideas to spur economic recovery.  A particularly interesting plan came from Christopher Mayer, an economist at Columbia University: homeowners with government-backed mortgages through Fannie Mae or Freddie Mac (the overwhelming number of mortgages in the U.S. today)… Read More

Student Loan Defaults On the Rise

Students

Student Loan Defaults On the Rise

Student Loan Defaults On the Rise

The number of people defaulting on their student loans jumped dramatically this year, with students and graduates of for-profit schools falling deepest into financial trouble, according to a report released Monday by the U.S. Department of Education. Among people whose student loans came due between October 2008 and September 2009, 8.8 percent have already defaulted… Read More

Snowballs Made Easy with the Debt Free iPhone App

Managing Debt

Snowballs Made Easy with the Debt Free iPhone App

Snowballs Made Easy with the Debt Free iPhone App

Over the summer, I used credit cards to pay for things I’d ordinarily have used cash to purchase: vacation expenses, back-to-school supplies, school books, clothes for my kids, and business travel expenses. It added up fast. As a result, I am now carrying balances on three different credit cards. The total amount I owe is… Read More

What Could the Greek Default Mean for You?

Personal Finance

What Could the Greek Default Mean for You?

What Could the Greek Default Mean for You?

Here in America, the Greek debt crisis may seem far removed from our everyday lives. Not only is it happening an ocean away, it involves things like “commercial paper” and “Euros,” things that most Americans never encounter in their everyday lives. But that doesn’t mean we should be feeling overly confident, some economic experts say…. Read More

Mulling Senate Run, Warren Keeps Pressure on Consumer Bureau

Personal Finance

Mulling Senate Run, Warren Keeps Pressure on Consumer Bureau

Mulling Senate Run, Warren Keeps Pressure on Consumer Bureau

Elizabeth Warren may have returned home to Massachusetts, but that doesn’t mean she’s given up trying to influence Washington. Warren, who created the idea for the Consumer Financial Protection Bureau and who for months was considered the leading candidate to lead the new agency, is circulating a petition to gather support for the actual nominee,… Read More

Applying for Cable? Expect a Credit Check

Credit Score

Applying for Cable? Expect a Credit Check

Applying for Cable? Expect a Credit Check

We know that lenders check our credit to determine our eligibility for loans and our interest rates on loan products. Sometimes landlords and employers do, too, as they review our applications for apartments and jobs. But did you know that your utility or cable company might check your credit when you sign up for service?… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to Our Experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.