The lead up to the Great Recession was fueled by cheap credit, improper lending practices, and the unrealistic belief that housing prices could only go up. While some communities have seen housing ... Read More about How Will A Short Sale Affect My Credit Score?
Big data is big business. The more information financial companies have about consumers, the more money they can make, and the more effective they can be. Consumer profiling is increasingly popular ... Read More about Is Your Income Information for Sale?
If your debts are piling up and you are feeling overwhelmed, simply not paying your bills may seem like an easy solution. It’s certainly the path of least resistance. But not paying your bills will ... Read More about What to Expect When You Stop Paying Your Bills
For the past year, non-working spouses have found themselves in a difficult credit position: as of October 1, 2011, they were no longer able to qualify for credit based on their household income. This ... Read More about The Fed Limits Credit for Stay-At-Home-Moms (and Dads)
When we think of what hurts our credit scores, we often focus on missed payments and large amounts of debt. But you might be surprised to discover what else might be weighing on your credit. Remember ... Read More about Are These 6 Things Dragging on Your Credit Score?
My wife and I bought a house last April, and while we were going through the house buying process, I was curious about the role my credit score would play in getting the mortgage and how it would be ... Read More about How Much Does a New Mortgage Affect Your Credit Score?
It's true that the fastest way to build credit is to use a credit card. However, many people prefer not to use credit cards. Even if you don't want to use credit cards, though, your Fico credit score ... Read More about Improve Your Credit Score without Using Credit Cards
I hate debt. It’s really that simple for me. I am uncomfortable with the idea of owing money, and so I generally avoid debt as much as possible, and I work to pay off any debt I have as quickly as ... Read More about Paying Off Your Good Debt Early—Savvy Strategy or Money Mistake?
Consumers understand that the difference between being approved or denied for credit is often based on the magic three numbers that make up their credit score. What some consumers may not know is the ... Read More about VantageScore Credit Score
Debt is often compared to a prison. And, truly, debt can be a financial prison. Consider: When you are in debt, you are in a cycle of paying interest to someone else. This is money that is not used ... Read More about 5 Debt Traps to Avoid — At All Costs