Benefits of Checking Your Credit Score Regularly

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Checking your credit score only once a year or when you’re about to apply for a major loan might not be enough. If you want to improve or even maintain your credit score, it’s better to check your credit score regularly. There are several benefits to checking your credit score often. You always know where your credit stands . Knowing your credit score is an essential part of your financial health. It’s just as important,...
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5 Rules Credit Bureaus Must Follow

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Major corporations known as credit bureaus or credit reporting agencies compile your credit information then sell it to businesses that need your credit information. From getting approved for credit cards and loans to getting a job, the information in your credit report plays a major role in your life. Here are some rules defined by the Fair Credit Reporting Act that every credit reporting agency has to follow. They must make your credit report available...
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5 Simple Tips for Tackling Credit Card Debt

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When credit card debt has you down and you don’t know what to do next, it’s time to formulate a strategy. Once you better understand your situation and the steps you can take, it’s much easier tackle credit card debt in a highly efficient and effective manner. Here are five simple tips that anyone can follow: •    Make more than the minimum payment when possible. This isn’t always easy to do, especially if you have...
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What Your Credit Report Reveals About You

What Your Credit Report Reveals About You
Many of the companies you have accounts with regularly send your account activity to the credit bureaus. Then, businesses that you want to have an account with you check your credit report to determine whether to approve your application. Here are a few things your credit report says about you. Whether you pay your bills on time . Each month, your creditors report our creditors report whether your payment was on time for that month....
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Frank
I check my credit report once a quarter. It gives me a piece of mind and I want to make sure I am always on top of my finances.... Read More
Friday, 30 June 2017 15:34
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Watch Out for These Five Dangers of Overspending

Watch Out for These Five Dangers of Overspending
Credit and debit cards make it so easy to make purchases, but they also make it easy to overspend. You can go on shopping sprees without ever leaving the comfort of your home. You can pay bills with the click of button. Unless you’ve told your bank not to process overdraft transactions, they won’t stop you from spending more than what’s available in your checking account. And if you’re short on funds and have decent...
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Frank
before I was married, I overdrafted all the time. Now my finances are in a much better position.
Friday, 30 June 2017 15:29
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The Difference Between Debt Collectors and the Original Creditor

The Difference Between Debt Collectors and the Original Creditor
When you start missing payments on your bills, you'll begin receiving calls and letters asking you to pay for the debt. Depending on how late your payments are, this contact could come from one of two companies: the original creditor or a debt collector. As you may guess, the original creditor is the company who you originally had the account with. This is the credit card issuer, the lender, or another business you had a service...
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Can You Trust Free Credit Scores?

Can You Trust Free Credit Scores?
The number of places offering free credit scores has increased substantially over the years. It’s easier than ever to get a truly free credit score – that is, one that doesn’t ask you for a credit card number and covertly sign you up for a trial subscription that has to be cancelled. If you use one of these free credit score services or you’re thinking about using one, you might wonder how much can you...
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Frank
I use free credit scores to monitor my credit. I have seen it is a little off, but for the most part, very close to my real credit... Read More
Wednesday, 22 February 2017 15:46
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What to Do If You're Behind on Your Car Payments

What to Do If You're Behind on Your Car Payments
Your auto loan payments are one of the most important of your monthly payments. Missing loan payments can have serious consequences for your credit and put you at risk of losing your only source of transportation. After three missed payments, many auto lenders will declare your loan in default and at that point they may begin the repossession process. In repossession, the lender takes possession of your car – they don’t have to ask or...
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Frank
These are good tips Latoya. Luckily I have never had this happen to me, but now if it does, I know what to do.
Tuesday, 24 January 2017 17:03
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3 Simple Ways to Protect Your Credit

3 Simple Ways to Protect Your Credit
How much time do you devote to protecting your credit? Believe it or not, many people never think twice about this. Instead, they go about their life, hoping that nothing bad ever happens. Rather than take the risk, here are three simple ways to protect your credit: 1. Keep Your Personal Information Safe This can mean many things. For example, store financial documents in a safe place. Along with this, don’t share your personal information...
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Frank
I recommend purchasing a credit monitoring software from a number of different providers. It is very inexpensive and can save you ... Read More
Monday, 21 November 2016 18:33
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Take These Steps After a Data Breach

Take These Steps After a Data Breach
Major corporations are losing massive amounts of consumer information due to data breaches. Most recently, Yahoo reported a breach of more than 500 million accounts. It is the biggest data breach in history (as of September 2016). The impact of having your information exposed in a data breach depends on the type of information stolen. Basic information alone – email addresses, usernames, and passwords – typically enough to commit fraud or identity theft. But if...
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Frank
on somewhat of a related note, I had my computer stolen so I am going through the process of changing all of my password informati... Read More
Thursday, 29 September 2016 11:24
latoyairby
Yikes! I'm sorry that happened. I try to remember not to store passwords on my computer. Which makes it hard because there are SO ... Read More
Thursday, 29 September 2016 17:13
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