How Important Is Your Credit Score?

Credit Score

How Important Is Your Credit Score?

How Important Is Your Credit Score?

“How important is your credit score?” That question was posed to me recently as I stood onstage after delivering a presentation on how to optimize your credit to a group of some 500 women for the annual Women’s Money Conference in Las Vegas. I only had a few moments to summarize the importance of credit… Read More

How to “Dilute” Your Bad Credit for a Higher Score

Credit Score

How to “Dilute” Your Bad Credit for a Higher Score

How to “Dilute” Your Bad Credit for a Higher Score

Is it possible to dilute your bad credit with good to boost your score? The Credit.com News & Advice Blog recently received the following comments from one of our readers: I had a lot of medical collection accounts from an illness about 1 1/2 years ago. I disputed all of the accounts and a couple… Read More

5 Credit Rules Everyone Should Follow

Credit 101

5 Credit Rules Everyone Should Follow

5 Credit Rules Everyone Should Follow

Managing credit correctly requires a certain amount of discipline. If you let your spending get out of control or take on too many loans, you could face big money troubles. That’s why, when it comes to borrowing, it’s important to have some guidelines. Here are five credit rules every consumer should follow so their finances… Read More

Nice Fridays: Good Credit Really Does Help in this Economy

Credit Score

Nice Fridays: Good Credit Really Does Help in this Economy

Nice Fridays: Good Credit Really Does Help in this Economy

We used to do a “Funny Money Friday” post each week here at CreditBloggers. But, as the economy sunk, each week it was getting a little bit harder to find anything funny in the gloomy economic and real estate headlines. So instead, let’s use our Friday’s to focus on the positive. We certainly could use some good news these days.

Funny Money Friday: Taking a Break from the Credit Crisis

Personal Finance

Funny Money Friday: Taking a Break from the Credit Crisis

Funny Money Friday: Taking a Break from the Credit Crisis

It’s old news that housing, lending and credit card markets are feeling the pinch. Now student loans are in trouble and who knows who will be next. I’m frankly getting tired of reporting bad news day after day. So I’ve decided to use Funny Money Friday this week to highlight a couple good things about the credit world.

The Federal Reserve Announces Measures to Reign in Abusive Lending

Mortgages

The Federal Reserve Announces Measures to Reign in Abusive Lending

The Federal Reserve Announces Measures to Reign in Abusive Lending

We all know about locking the barn door after the horses have already left and it’s happening in this case. Under Alan Greenspan, the Fed took the stance that its powers did not extend to doing exactly what it is now doing. You wonder what kind of world we would have today had they been bold and done it anyway and waited for someone to tell them they had over-stepped their regulatory powers.

The worst credit score mistake you can make

Credit Score

The worst credit score mistake you can make

The worst credit score mistake you can make

You see, one of the worst credit mistakes you can make is letting an account become 90 days overdue. 30 and 60 day late payment records are damaging too, but their credit score impact is only temporary. When you are 90 days late on a credit card or loan, your credit score will drop significantly and the damage will continue for up to 7 years. One 90 day late payment is as bad for your credit score as filing for bankruptcy.

Credit card review: The Miles Card from Discover Card

Credit Cards

Credit card review: The Miles Card from Discover Card

Credit card review: The Miles Card from Discover Card

# APR – 0% introductory APR for 12 months followed by a very low 10.99 % to 17.99% thereafter. 10.99% is about as low as credit card rates come these days.
# Credit limit – $5,000 minimum. However, if you don’t qualify they may offer you the same rates with a $500 limit instead.

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