Tag: Credit

How Does the Equifax Settlement Affect Me?

Unless you’ve been living off-grid like our friend, Lamar, you probably are already aware of the Equifax data breach that transpired in 2017, affecting over 145 million accounts. Hackers infiltrated their systems and had access to personal data which included full names, Social Security numbers, birth dates, addresses, and driver license numbers. Fast forward to today, and …

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7 Truths and Myths Around Credit Scores

While I don’t think we need to be consumed with our credit scores, they are a necessary evil for the lot of us. So, unless are debt-free and have gobs of money in the bank, your credit score will be something that follows you around for the purchase of a home and/or car (among other …

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Ask the Credit Expert: What’s the Ideal Credit Score?

“Kay” is Kayleigh Gaddor, Community Manager at Credit Karma. Dear Kay: Should I leave a credit card open if I’m never going to use it again? -Steve Unless that card has an annual fee, the answer will usually be “yes.” Closing a credit card reduces the overall amount of credit available to you, which affects your credit card …

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How Often Does My Credit Score Change?

Ever wonder about the answer to this question?  I know I do.  I spent 15 working years in personal and mortgage banking, and among other things, I learned well during that time how important a credit score can be. 

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What Need To Know To Pay off Your Credit Cards Faster

If you’re on a journey to become debt free and are dealing with a load of credit card balances, the journey may feel more than a bit overwhelming to you.  Spreading all of your credit cards out in front of you and assessing the different balances, minimum payments and interest rates can easily be a …

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Why Credit Card Churning May Be Risky

I’ve always been a bit fascinated by “credit card churning” to get rewards but have been concerned about how it affects credit scores. Alice from CreditNet.com offers her perspective on the topic. – Aaron Everyone loves the perks of frequent flier miles- you’re rewarded with a free trip for using your credit card.  But some …

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How Can I Build My Credit?

Anyone who is entering the workforce will need to seriously consider the way they handle their money management by being cognizant and intentional about where it is going. Doing so will ensure you’ll never run into issues with transactions such as obtaining a mortgage OR even securing an apartment. While there are a very small …

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Why the credit card companies like reward programs

When I was a kid, I loved to go to Chuck E. Cheese and play their games after eating. I really liked how you could earn tickets for your play that could be redeemed at their “gift shop”. It didn’t matter to me that my parents were essentially spending $10 for a cheap little glow-in-the-dark …

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