Got Medical Debt? Here’s Good News About Its Effects On Your Credit Score

FICO 9

According to the Wall Street Journal, 64 Million Americans have medical debt on their collection report.  That’s an astonishing number and certainly raises awareness and some concern for this financial issue.  People are fighting to get out of medical debt, or buried so deep they don’t know what to do. Is that you? Financial gurus advise […]

The Surprising Results of My Experian Credit Educator Session

Experian State of Credit 2013

I just discovered how I can take my Vantage credit score from 834 to 865. Follow along to see how. I’m not big on obsessing about one’s credit score. You shouldn’t be either. But if a few small changes can have a significant impact on your score, then I don’t see the harm in taking […]

How to Protect Yourself From Credit Card Theft

Credit Cards

If you were to turn over any credit or debit card in my father’s wallet, you would find that instead of signing his name in the signature box, he had written “Check Photo ID.” His rationale was twofold: 1. On the off chance that a cashier or waiter were to actually try to compare the […]

How to Help Your Teenager Begin to Build Credit Responsibly

These happy teenagers need to learn to use credit responsibly

Your little one is all grown up! He might be heading off to college in the fall, or she might start working full time after high school graduation. In either case, your job as a parent isn’t quite done. You also need to make sure they are on the path to building good credit. The […]

The Five People Who Hold Your Bad Credit Against You

Five People Who Hold Your Bad Credit Against You

There are people in your life who have a bias against you and your poor credit. The mistakes that you have made with debt not only put blemishes on your credit report and lowers your credit score, but they let people in your life hold your bad credit over your head in some way. A […]

VantageScore Just Released a New Credit Scoring Model but FICO is Still King

VantageScore vs FICO

VantageScore recently released a reimagined version of its credit-scoring model. Dubbed VantageScore 3.0, the model considered 900 data points and tested 50 different algorithms before deciding on the 3.0 model. The result, according to the company, is a 25 percent predictive lift over previous models. Among the biggest changes, the scoring range now lines up […]

Free Experian Credit Score from Credit Sesame

Credit Sesame

A good credit score is one of the most valuable assets you can keep in your financial portfolio. Yes, a world with no credit would mean no high interest credit cards; overdue mortgage payments or over-limit fees but credit plays a very important role in fiscal responsibility; and knowing your credit score is a must. […]

Protecting Yourself From Identity Theft Doesn’t Have to Cost an Arm and a Leg

Identity Theft Protection

Let’s get the bad news out of the way: no person, action, service, or product can prevent identity theft. The fact of the matter is that identity thieves can and will find victims. According to John Ulzheimer, President of Consumer Education at SmartCredit.com, protecting yourself from identity theft is like trying to outrun a mountain […]

5 Ways to Improve Your Credit Score

5 Ways to Improve Your Credit Score

Let’s talk credit scores. Today I thought I’d suggest some ways to improve your credit score. Let’s start by looking at why your credit matters and why you’d want to improve your credit score. Your credit score is an important part of your financial portfolio. We typically spend a great deal more time thinking about […]

Bad Credit Could Mean You’ll Freeze To Death

Freeze to Death

My credit score has been a work and progress for the better part of my adult life.  Ever since I decided to take out more than $150,000 in student loans, I’ve been fighting with the three digit dragon.  From the pits of a 414 credit score, I now sit somewhere in the 650 – 670 […]

Will I Maintain a Good Credit Score If I’m Debt Free Except the Mortgage?

Debt Free Except the Mortgage and Credit Score Effects

Most people I know are debt free except the mortgage, or they want to get there very fast. The question then arises, will you be able to maintain a good credit score if all you are doing is paying on a mortgage? If you are in this situation, the term that you need to familiarize […]

Credit Sesame Launches New App for Android

Credit Sesame Android App

Credit Sesame, a company that I use at least a few times each month to check my credit score, has just launched an app for all Android users. The mobile app is a replica of the previous released iPhone app so even though there’s nothing new, I thought it prudent to bring to your attention […]