3 Money Mistakes You Might Make After a Breakup

Personal Finance

3 Money Mistakes You Might Make After a Breakup

3 Money Mistakes You Might Make After a Breakup

Breakups aren’t fun. One thing that can make a divorce even less enjoyable is dealing with the financial complications that often come along with it. Many couples don’t pay enough attention to the impact a divorce can have on personal finances. However, not taking care of the details can mean big trouble for your financial health... Read More

The New FICO Score: What It Means for You

Credit Score

The New FICO Score: What It Means for You

The New FICO Score: What It Means for You

If you’ve always maintained a strong payment history with your cellphone and cable bills and want a little credit for it, you may be in luck. Credit-scoring giant FICO just announced a new scoring model designed to give credit scores based on people’s payment history with their phone, utilities and other bills. LexisNexis Risk Solutions and Equifax introduced the FICO Score XD... Read More

4 Credit Tips for Buying a Home

Mortgages

4 Credit Tips for Buying a Home

4 Credit Tips for Buying a Home

This may come as a surprise, but you don’t need a perfect credit score to buy a home or get a mortgage. In some cases, your credit just needs to be sufficient. Good, bad, ugly or indifferent, as long as your credit score matches the criteria of the mortgage size and property type you are... Read More

Do You Need Good Credit If You’re Retired?

Credit Score

Do You Need Good Credit If You’re Retired?

Do You Need Good Credit If You’re Retired?

While there is a lot of talk about the continual importance of credit scores, a recent TransUnion survey discovered that about half of the baby boomer population believes their credit scores matter less after they reach 70 years old. The survey also found that only 32% of people from this generation (ages 51-70) recognize that a strong... Read More

The Best Investment You Have: Your Credit

Credit Score

The Best Investment You Have: Your Credit

The Best Investment You Have: Your Credit

When it comes to investments, there is no end to the commentary about the best ways to do it. Often there is substantial risk. But that isn’t always the case. In fact, there’s one portfolio that could be the deciding factor on whether you go on that family vacation, buy a new car or retire... Read More

How to Avoid the Post-Holiday Credit Blues

Managing Debt

How to Avoid the Post-Holiday Credit Blues

How to Avoid the Post-Holiday Credit Blues

January is always an interesting time because it feels like a new beginning: we’re starting a whole new year, full of exciting possibilities. For some people, though, January isn’t just about the possibilities; it’s also about dealing with the credit score impact of your decisions during the holidays. Purchases made on credit cards, for example,... Read More

China’s Big Credit Score Idea: Should You Be Scared?

Credit Score

China’s Big Credit Score Idea: Should You Be Scared?

China’s Big Credit Score Idea: Should You Be Scared?

Imagine a “credit score” that didn’t measure the likelihood that you will pay bills, but instead the likelihood that you’ll be a troublemaker. To your town, or your company or your government. Your “citizen score” would drop if you posted anything negative on social media — or if any of your friends posted anything negative. Your purchase... Read More

7 Ways to Improve Your Credit By Doing Nothing

Credit Score

7 Ways to Improve Your Credit By Doing Nothing

7 Ways to Improve Your Credit By Doing Nothing

If you have a bad credit score, you probably feel like you have to do something to make it better. File a dispute, apply for new credit, or even hire someone to help you repair your credit. Sometimes that’s true. But other times the best thing you can do is … nothing.    Call it... Read More

How Long Can Charge-Offs Hurt My Credit?

Credit Score

How Long Can Charge-Offs Hurt My Credit?

How Long Can Charge-Offs Hurt My Credit?

Most of us know that a late payment hurts our credit scores, and that paying on time is important to maintain good credit scores. But what happens when a debt is charged off and it keeps reporting negatively? Will it keep hurting your credit month in and month out? Our reader asks: I have an... Read More

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