Could My Business Loan Wreck My Credit?

Credit Score

Could My Business Loan Wreck My Credit?

Could My Business Loan Wreck My Credit?

A couple I’ll call Jake and Marcia purchased a coffee shop. The business was really Marcia’s dream, not his, but she was persistent and he reluctantly agreed to try to help out. Things went badly from the start and within less than 18 months they were forced to shut it down. But that wasn’t the… Read More

5 Ways Having No Credit Score Can Hurt You

Credit Score

5 Ways Having No Credit Score Can Hurt You

5 Ways Having No Credit Score Can Hurt You

If you don’t plan to borrow money, what difference does your credit score make? Why even sweat it? As counterintuitive as it seems, you could end up spending more money because you don’t have a credit history. (Though like any other tool, credit used irresponsibly can do more harm than good.) But let’s say you’re… Read More

4 Common Mortgage Killers & How to Survive Them

Mortgages

4 Common Mortgage Killers & How to Survive Them

4 Common Mortgage Killers & How to Survive Them

Applying for a home loan these days requires detailed documentation. Expect to show everything from full tax returns, pay stubs, bank statements, to letters of explanation regarding your credit, debt, income and assets. However, that leaves quite a bit of room for challenges to pop up. Here are four common roadblocks you may encounter in… Read More

How to Build a Great Credit Score From Scratch

Credit 101

How to Build a Great Credit Score From Scratch

How to Build a Great Credit Score From Scratch

At some point, everyone has no credit history. We all have to start somewhere, and with good planning and smart decisions, you can get a great credit score. It’s not an exact science — nothing with credit is — but building a great credit score isn’t complicated. Here are the basics. 1. Start Your Credit… Read More

How to Keep Your Baby From Ruining Your Credit

Credit Score

How to Keep Your Baby From Ruining Your Credit

How to Keep Your Baby From Ruining Your Credit

They look so innocent (and they are) when they’re sleeping. But if you’re a new parent, you’d probably see that you look exhausted (if you actually had the time and energy to check a mirror). You’re totally absorbed in trying to take care of this tiny person, and you’re far too tired to do your best… Read More

Are We One Step Closer to Your Facebook Friends Impacting Your Credit?

Credit Score

Are We One Step Closer to Your Facebook Friends Impacting Your Credit?

Are We One Step Closer to Your Facebook Friends Impacting Your Credit?

The U.S. patent office granted Facebook an updated patent on technology that would allow lenders to evaluate loan applicants based on their social network connections, reports VentureBeat. The technology tracks how closely (or not) people are connected. The technology is employed to minimize spam (people sending messages to those with whom they have no relationship)… Read More

7 Ways to Build Credit Without a Credit Card

Credit Score

7 Ways to Build Credit Without a Credit Card

7 Ways to Build Credit Without a Credit Card

Let’s say you know you want good credit, but you also know you do NOT want the most ubiquitous credit product around. No way do you want a credit card. Perhaps you follow a certain personal finance guru’s advice to avoid them. Or maybe you’ve gotten in trouble with them before and don’t want to… Read More

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