Category Archives: Credit Score
Julia Asks… Im nervous about my credit and someone stealing my identity. What should I do to protect myself?
Identity Theft can occur in various ways: Dumpster Diving, Skimming, Phishing, or just plain stealing. In some instances it is preventable, in others, no matter what you do – you may become victim to identity theft. Here are some basic … Continue reading
Dan Asks… I just received my first credit card… What are a few ways in which I can manage it wisely?
It is incredibly important with your first credit card that you work on building a credit score. This will allow you to do a number of important things down the road such as being approved on a mortgage application, being … Continue reading
Jeremy Asks… I want to improve my credit score quickly, is there anything I can do to boost my score?
Despite the fact that raising your credit score is often times a slow and steady process, there are in fact a few things you can do to give your score that extra boost with just a few easy tweaks to … Continue reading
Brian Asks… I have no debt or late payments; this means I should have a great credit score, right?
This is actually one of the most common credit myths out there. Just because you are financially responsible does not mean that you have good credit. Your FICO score (credit score) is a measure of your credibility when it comes … Continue reading
John Asks… I heard that one way to improve my credit score is to close old accounts. True?
FALSE! FALSE! FALSE! Closing accounts like credit cards that you no longer use can acutally LOWER your credit score. Yes, I said lower your score. I know it sounds crazy but by closing an account with a zero balance, you are … Continue reading
Dana asked… How can I get and keep good credit?
In the big picture, you can get and keep good credit scores without ever paying a dime in interest or carrying debt. Isn’t that great news? It is best if you have a couple cards that you uses sparingly and pay off in … Continue reading
Shorts Sales Hit Your Credit – HARD!
Many people think that, because they are avoiding foreclosure by short selling their house, they are not going to hurt their credit. This is not the case. If you short sell your house, you will take a huge hit on … Continue reading
