Most Americans Have Bad Credit, Study Finds

Credit Score

Most Americans Have Bad Credit, Study Finds

Most Americans Have Bad Credit, Study Finds

For all the headlines about the improving economy and record-low mortgage rates, most consumers aren’t in a position to benefit from them, according to a report from the Corporation for Enterprise Development (CFED).  The study found that 56% of consumers have subprime credit scores. That means they are unable to take advantage of the best — or… Read More

Will My Job Hurt My Credit?

Credit Score

Will My Job Hurt My Credit?

Will My Job Hurt My Credit?

Our lives are intertwined with employment, because money dictates so much of how people participate in society. And where do you get money? Usually, your job. Your job may determine where you live, how you socialize, what you wear and certainly how much money you can spend on all these things. As much as it’s wrapped… Read More

How to Learn to Love Your Debt

Managing Debt

How to Learn to Love Your Debt

How to Learn to Love Your Debt

Love and debt in the same sentence can sound like a paradox to anyone who hears it. But, with the reality of most people’s finances lagging in this economy, debt is just a reality. This means that you are likely to have debt, and if you do, you might as well try to love it. First,… Read More

Why Has the Average Credit Score Gone Up?

Credit Score

Why Has the Average Credit Score Gone Up?

Why Has the Average Credit Score Gone Up?

The average U.S. credit score has gone up recently, but not by much. Of course, the way those figures change year over year depend on the model you’re looking at, considering there are so many different credit scores out there. Based on numbers FICO provided, the average hit a low of 686 in October 2009,… Read More

Why Isn’t My Credit Score Going Up?

Credit Score

Why Isn’t My Credit Score Going Up?

Why Isn’t My Credit Score Going Up?

Sometimes getting ahead feels more like a herd of turtles than a rabbit. That’s especially true when it comes to credit scores. Check out this reader question, and see if you can relate. Hi! I have a question for you. I’ve been working on improving my credit score for about three years now, but I cannot… Read More

The Most Misunderstood Credit Score Factor

Credit Score

The Most Misunderstood Credit Score Factor

The Most Misunderstood Credit Score Factor

Despite your best intentions, there may be times when you just have to carry a balance on your credit cards. When you do, how do you protect your credit score? Reader Eddie Vidmar writes: At some point within the next few months, I am going to have a rather steep expense of putting in some… Read More

Could Your Spouse’s Tax Problems Affect You?

Credit Score

Could Your Spouse’s Tax Problems Affect You?

Could Your Spouse’s Tax Problems Affect You?

Dealing with tax problems is stressful enough. But it can be downright maddening to discover that your credit has been damaged over a tax bill you had nothing to do with. A Credit.com blog reader asked: My wife’s credit report shows a tax lien from my taxes from before we were married. Is that legal?… Read More

No Credit Score? You Still May Have Decent Credit

Credit Score

No Credit Score? You Still May Have Decent Credit

No Credit Score? You Still May Have Decent Credit

Tens of millions of Americans don’t have credit scores, meaning they have little or no access to things like credit cards, auto loans, personal loans and mortgages. People with poor credit are similarly limited, and there’s a good reason for that: Without a good credit history, you’ll have a hard time finding someone who will… Read More

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