Credit 101: What Is Revolving Debt Utilization?

Credit 101

Credit 101: What Is Revolving Debt Utilization?

Credit 101: What Is Revolving Debt Utilization?

A “revolving” credit account is an account where your monthly payment is based on your balance, which can change from month to month. Revolving balances can also be paid in full without incurring finance charges, if paid within the the “grace period.” Revolving utilization, also known as your “debt-to-limit ratio” or “credit utilization,” measures the... Read More

Is Being Debt-Free Always a Good Thing?

Credit Score

Is Being Debt-Free Always a Good Thing?

Is Being Debt-Free Always a Good Thing?

Is being debt-free always a good thing? Seems like a silly question. Kind of like asking if being healthy is a good thing. Living without a lot of unmanageable debt is obviously a great financial position to be in, but we get a number of blog comments from readers who think that credit scores punish people who... Read More

Study Shows Unemployment Can Impact Family Finances for Years

Personal Finance

Study Shows Unemployment Can Impact Family Finances for Years

Study Shows Unemployment Can Impact Family Finances for Years

The Pew Charitable Trusts conducted a study recently that examines just how joblessness affects American families — not just their pocketbooks, but how the economic uncertainty could hinder their choices from there on out, such as savings, assets and health. “Even during periods of strong economic growth, unanticipated financial shocks can harm a family’s prospects... Read More

Help! I Need to Get My Ex Off My Car Loan

Auto Loans

Help! I Need to Get My Ex Off My Car Loan

Help! I Need to Get My Ex Off My Car Loan

We’ve had many readers write in after a divorce, asking how to go about separating their assets with their ex-spouse. One of the most common questions is how to remove an ex from a car loan and title. Here’s how to do it. You’ll need to refinance the auto loan into your own name to... Read More

The Tax Form That Could Save Your Refund

Identity Theft

The Tax Form That Could Save Your Refund

The Tax Form That Could Save Your Refund

The Bible tells us, “It is better to give than to receive.” Most Americans don’t feel that way on April 15. But when the Lord (a.k.a., an IRS algorithm) shines his countenance upon us and a portion of what we paid is returned in the form of a tax refund, it seems only fair that... Read More

3 Ways Student Loan Debt Can Wreck Your Retirement

Managing Debt

3 Ways Student Loan Debt Can Wreck Your Retirement

3 Ways Student Loan Debt Can Wreck Your Retirement

It’s tough enough to deal with student loan debt you can’t pay when you’re a 20-something, but imagine dealing with it when you’re in your 60s or 70s. “This population often gets ignored because people hear the words ‘student loans’ and they think 20-year-olds,” says Persis Yu, a staff attorney with the National Consumer Law... Read More

5 Big Things Standing Between You & a Refinance

Mortgages

5 Big Things Standing Between You & a Refinance

5 Big Things Standing Between You & a Refinance

Mortgage rates are beginning to creep up, but they’re still well within the kind of range that makes longtime homeowners shake their heads in disbelief. The average interest rate on a 30-year fixed-rate mortgage hit 3.63 percent for the week of March 10, marking the highest point since last summer. So while a seller’s market... Read More

I Need to Rebuild My Credit, Where Do I Start?

Credit Score

I Need to Rebuild My Credit, Where Do I Start?

I Need to Rebuild My Credit, Where Do I Start?

We recently received this question from a reader who is looking for help with credit report errors: There are things on my credit report that do not belong on there. Things like where I have lived and accounts that have been paid off for over 10 years. How can I have them corrected? I also... Read More

How I Funded My Business With Student Loans

Personal Finance

How I Funded My Business With Student Loans

How I Funded My Business With Student Loans

So, you’ve got it nailed down: That business idea that’s haunted you (in a good way) for months or even years. It may have taken a while to sort through your thoughts and formulate your ideas but now you’re ready to move forward and share your vision with the world. There’s only one looming question:... Read More

Have Patience: Credit Cards That Pay Out Annually

Credit Cards

Have Patience: Credit Cards That Pay Out Annually

Have Patience: Credit Cards That Pay Out Annually

The battle for rewards credit card users is as fierce as ever, with banks looking to attract those with good credit and responsible spending habits. These banks want to use every trick in the book to retain existing customers, yet reduce the rewards they actually pay out. And the latest tactic seems to be offering... Read More

Show Me More

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.