Posted on Monday, 9th May 2011 by Heather Powell
Marriage is hard enough. Throw money into the mix, and it gets harder. This week we conducted an informal poll on Facebook, asking how married couples should manage money: together, separate, or a little of both. One of our Facebook fans commented, “As long as the bills are paid, you have money set aside, and [...]
Tags: Different Money, Money
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Posted on Tuesday, 3rd May 2011 by Heather Powell
Several actions can negatively affect your credit score: hard inquiries, accounts in collections, tax liens, bankruptcies, and foreclosures are some of the most common. But how do they really affect your credit? For how long will it affect your credit score? What can you do if you think the negative information is inaccurate? All of [...]
Posted on Tuesday, 26th April 2011 by Heather Powell
The Credit Repair Organizations Act, or CROA, has protected consumers against unfair business practices by fraudulent credit repair organizations since 1996. However, some consumers still fall prey to advertising scams that promise to fix credit and wipe credit reports clean of negative marks. But when it comes to repairing your credit, there’s never a quick [...]
Tags: Credit Repair, Repair
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Posted on Wednesday, 20th April 2011 by Heather Powell
Not only is it important to get your credit reports from the three credit bureaus, it is also important to know how to raise your credit score. A higher credit score makes it a lot easier for you when it is time for a new credit card, car loan or insurance policy. There are several [...]
Tags: Credit Score, Score
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Posted on Thursday, 14th April 2011 by Heather Powell
*Welcome to our weekly credit lessons to brush up on your credit know-how!* One of the biggest misconceptions amongst consumers is that there is one correct credit score. In fact, there are dozens of credit score models, and there are natural differences between your credit scores. Not only does each credit bureau report a different [...]
Tags: Credit Score, Score
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Posted on Monday, 11th April 2011 by admin
There are some very important numbers that matter the most to your financial life. One of them is your credit scores that matter the most when you get a house, get a job, or a car. The second-most important number that rules your life is the debt to income ratio. To calculate the DTI ratio, [...]
Tags: Debt Consolidation, Debt To Income, DTI ratio
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Posted on Saturday, 9th April 2011 by Heather Powell
*Welcome to our weekly credit lessons to brush up on your credit know-how!* I’ve worked at Credit Karma long enough to have picked up on some terminology related to consumer credit: hard inquiry, credit score algorithm, credit utilization, derogatory mark, and more. For the most part, entire articles could be written on each of these [...]
Tags: Credit, Credit Glossary
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