The first step in improving your credit score is understanding that your credit score is a direct reflection of your credit report and the credit history it contains. Your credit history will not only affect whether or not you can qualify for a loan, but also the interest rates that are offered with that credit [...]
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The current financial climate probably means that you have family members and/or friends who could use a little financial help. They might even come to you looking for a little loan. Lending money to family and friends is always tricky, since nothing can destroy a good relationship like a fight over money. If you feel [...]
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Get a free credit score and protect yourself from identity theft with IDENTITY GUARD® EXTRA CAUTION®. Have you ever been exposed to identity theft? You probably have, even if you don’t realize it. I recently received a letter from my health insurance company stating there was a breach in their customer information database. Unfortunately, my [...]
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Debt can be a wonderful tool when used properly. For example, not many people can afford to buy a house with cash, or pay for college with cash while they are attending classes. Loans make it easier to afford these large ticket items, and still be able to live comfortably. But you needs to be [...]
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The first thing a lender does when you apply for credit is pull a copy of your credit report. The information contained on your credit report will give lenders a basic overview of how you have handled credit in the past; if you have been responsible in repaying your debt or if you had difficulty [...]
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The other day I wrote about Dave Ramsey’s Debt Snowball, a method for quickly and effectively paying off your debt. The concept is fairly simple: list your balances from lowest to highest and pay minimums on each bill except for the lowest bill, to which you will send as much extra cash as possible each [...]
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The Debt Snowball is Dave Ramsey’s preferred method for eliminating consumer debt, and has proven to be an effective way to get out of debt. The Debt Snowball isn’t without its critics, and you’ll see why in just a moment. But overall, I think it is an effective way to reduce debt because it gives [...]
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