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Heads Up - Your Credit Score May Suffer Even If You Pay Off Your Card Every Month!

I came across this article the other day in which a person asks a staff reporter for CreditCards.com if she pays off her credit card every month, can her score still suffer if that balance is “too high”? The surprising answer is: yes!

Your credit score could be hurt by large balances, even if they [...]

Using Secured Credit Cards To Rebuild Credit.

Poor use of credit cards can be harmful to a person’s credit score, and can sometimes lead to situation with no apparent escape. I’m talking about those who have so damaged their credit score that they have difficulty getting car loans, or even booking hotel rooms.

These people live in a financial netherworld where they almost [...]

Free credit report “no longer” free?

Now here’s an article that’s just too silly.

It’s from the New York Times and here’s how it starts:

The credit report you get from freecreditreport.com is no longer free, no matter what that Web address promises.

I say it’s silly because the credit report you get from freecreditreport.com has never been free!

It’s always been a trick [...]

Avoid These 5 Credit Card Rookie Mistakes!

Rookie mistakes can affect anyone from major athletes to novice investors, even presidents. There’s a reason experience is so important in many facets of life; we learn from our mistakes.

Some would argue that making mistakes is important expressly for the purpose of learning so that we can become better people, but I’ve often thought that [...]