TransUnion, one of the three major credit reporting agencies, has made several changes in the last few years to the credit reports it provides consumers, in addition to developing a new credit score to help lenders better evaluate potential borrowers. If you’ve requested your TransUnion credit report recently (you get free credit reports every year… Read More
Bills. Ick. Many of us have thought, “What would happen if I just pretended this credit card bill didn’t exist? Hmmm…” However, failing to pay your credit card bill can have a slew of consequences, and they only get nastier as time goes on. In addition to the almost certain stress you’ll experience the longer… Read More
Everyone knows that paying your bills on time is essential if you want to get — or keep — strong credit scores. But does the size of your payments affect your credit scores? Our reader Nicole asks: I’ve spent the last year doing my best to clean up my financial snafus. One of the things… Read More
Letting the credit card company keep that $200 safe for me just didn’t seem right. So I called into the MBNA customer service line to see if I could get the credit returned to my account. After 20 minutes on hold, I gave up and tried calling again later that night. When I finally got through to a representative, a nice woman informed me that the $200 could be sent back to me via paper check at the end of my billing cycle. What a hassle. Instead, I decided to leave the credit on my account. I’ll use up the $200 balance over the next few weeks worth on groceries and other expenses.