Credit Building

Should I Cancel My Credit Card?

January 3, 2012
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Over the last few years, Credit Reporting has gotten a lot of attention in the media. Part of it due to the Dodd-Frank Financial Reform Act, but I also give a lot of “credit” to the jingles of Freecreditreport.com. Although I love the commercials, I’m not a huge advocate of the website. Their idea of [...]

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Credit Scores Are Meaningless…Apparently

December 12, 2011
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There are thousands, if not millions, of articles on the web explaining the importance of credit scores. Lenders use them. Insurance agencies use them. Even employers are beginning to view them. My question to these authors is – if credit scores are important – then why does my near-perfect score appear to be meaningless? A [...]

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How To Stop Receiving Credit Card Offers

Thumbnail image for How To Stop Receiving Credit Card Offers November 27, 2011

Think back to when you were 10 years old. An envelope would come in the mail with your name on it. Didn’t matter who it was from, the excitement was still there. There was something about receiving mail that makes a kid feel important. Fast forward 20 years…Complete 180. Now you dread mail. It’s not [...]

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3 Tricks To Begin Building Credit

August 8, 2011

The question I always get from people with regards to credit is: “How do I build credit? I can’t get approved for anything.” It probably feels like an endless cycle. You can’t have credit unless you get a loan, but you won’t get a loan unless you have credit. A lot of younger adults struggle [...]

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15-Minute Fixes For Your Credit Score

July 19, 2011

I stumbled upon one of the best articles I’ve read regarding ways to improve your credit score. Found originally on www.creditcards.com, I want to say BRAVO! to Allie for being more clutch than the US Women’s National Team. Now we all must go Wambach to reality… 15-minute fixes for your credit score By Allie Johnson Improving [...]

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How To Get Approved For A Loan Vol. 2

May 10, 2011

I’m going to piggyback off of vol. 4 and go into more detail. Keep these tips in mind in order to get approved for a loan. The “more detail” is bold/italicized. Credit - Most banks and lenders consider anything above 720 excellent.   How to get there: Check your report for inaccuracies (easiest to catch errors [...]

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How To Get Approved For A Loan

April 26, 2011

The most important reason to maintain good credit is for loans. There are a number of other reasons (I’ll mention later) but it’s primarily to save you on the interest you’ll pay on loans. With that said, here are a few tips to consider when applying for a loan. Credit – Most banks and lenders [...]

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Where Should I Check My Credit Report?

April 11, 2011

The biggest step you can take to improve your credit score is: TO CHECK IT! How can you improve something you can’t see or know nothing about? You can’t… Thankfully the Federal Government has helped us with step 1. By visiting www.annualcreditreport.com (government sponsored) you are able to view your reports from all 3 credit bureaus. [...]

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Will My Credit Score Drop If I Apply For New Credit?

April 4, 2011

Will my score drop if I apply for new credit? If it does, it probably won’t drop much. If you apply for several credit cards within a short period of time, multiple requests for your credit information (called “inquiries”) will appear on your report. Looking for new credit can equate with higher risk, but most [...]

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What’s In Your Credit Score?

March 29, 2011

Paying bills such as phone bills, utility bills, insurance and rent payments DO NOT report to any credit bureaus. (With this said, failure to pay these items could result in collection which WILL bring down your score – I’ve seen a lot of derogatory Verizon accounts reporting) What goes into your credit score? Payment History [...]

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