Time is so important to us. Years ago, people told the time from the seasons and the tides and the sun. Today, we rely on calendars and clocks to keep us on track, and we pay attention to our time right down to the second (and in sports, we even pay attention to time right… Read More
A lot of credit advice is written to help people whose credit is somewhere between the “good” and “not-so-good” range. But what about if your credit has been completely damaged? It’s easy for it to happen, especially after a divorce, bankruptcy, job loss or some other stressful event. At rock bottom, things can feel bleak…. Read More
Halloween is approaching. For kids, it’s a time to dress up and run across people’s lawns to get candy. For adults, it’s a time to buy cheap candy, it eat it all, and then buy some more before Oct. 31. Inspired by this spooky time of year, here are six great tips to boost your… Read More
Are you trying to rebuild your credit? Fingerhut, an online retailer, says it wants to help with its FreshStart program, a new twist on the old “catalog card” offers that have come and gone over the years. Designed for customers who have been turned down for Fingerhut’s credit card, it gives customers a second shot… Read More
It was the moment of truth: Sam sat across from the loan officer at the local bank. The loan officer had just input all of Sam’s answers to a loan application and now she was doing one of the final steps in the process by pulling Sam’s credit scores. As she clicked enter, Sam broke… Read More
Helping a shoddy credit report requires time, but there are few steps you can take to expedite the process. Here’s what to do if you’re hoping to give your credit score relatively quickly. Pay down credit card debt One of the only surefire ways to give your credit score a quick boost is to pay… Read More
It’s easy to blast Suze Orman for her issuing a new prepaid debit card, The Approved Prepaid MasterCard, and to draw parallels to the ill-fated Kardashian Card (though maybe not as fun). As prepaid debit cards go, though, it’s not bad. But that’s the problem: it’s not that great either. Suze Orman has a lot… Read More
Once your credit score slips into the poor or bad credit category — below 650 — consider getting a credit card that’s designed to help you rebuild your credit. Sometimes, this means you’ll have to get a secured card. With these cards, you deposit an amount of money in a bank account and this “secures”… Read More
Despite FICO roll-out delays, authorized user accounts are not likely to be counted in credit scores. Most lenders and credit score users have figured out the scam and adjusted their models accordingly. Buying an authorized tradeline is a gamble at best and most-likely a huge waste of money. There is no “grandfathering” of these authorized accounts. Even if they do manage to get you a score boost now, the increase will disappear once everyone converts to the new scoring formula.
Secured cards work by having you deposit a cash amount into a savings account to “secure” the credit limit. If you put $500 in the savings account, you’ll have a $500 credit limit. Getting together this deposit may be tricky, but you’ll save a lot in rates and frees over unsecured cards. When the card is closed or moved to being unsecured, you’ll get your deposit back with interest.