Tag Archives: credit score

6 Lies About Credit Cards You Actually Believe

When it comes to credit cards, I’ve heard it all. There are so many myths floating around about the magic plastic that you may be tempted to avoid them altogether. Even worse, a lack of knowledge could lead to irresponsible use that could haunt you for years. Unfortunately, I was a part of the latter group and it ended up…

Credit Scores Galore: Dissecting All the Different Models

There’s so much to know about credit, but most consumers are only concerned about their three-digit score. And for a valid reason; the lower the score, the more difficult it is to qualify for the most competitive loan products.   We’ve seen many different credit monitoring services offer different types of scores, but how do you know which one to…

How Often Should You Check Your Credit Report?

From the moment you were approved for that first credit card, loan or line of credit, you’ve been making timely payments to keep the account in good standing. And you’ve also accelerated debt-repayment when your finances permitted you to do so. Now, you’re in the market for a new ride and plan to secure financing to make the purchase. It’s…

6 Reasons Why Avoiding Credit Is Costing You

As a teenager, I was repeatedly told that establishing credit and using it responsibly to build a high score was paramount to my long-term financial success. Too bad I completely ignored the latter part of that advice and found myself in a mountain of debt by the age of 21. And it’s around that time that I decided to complete…

How to Find a Reputable Secured Credit Card to Rebuild Credit

We get it. We all make mistakes in the past and now we’re in a frantic rush to rebuild our credit scores. The days of having thousands of dollars in credit limit is over and now it seems impossible to even get approved for a credit card. Luckily there are credit cards designed specifically to help people rebuild their credit…

How Do I Get My Free Credit Report and Score Online?

How do I get my free credit report and score

If you’ve seen the “free credit score” commercials on TV, you may have wondered how to get your free credit report and score. This blog post will explain how. Checking your credit report can provide you with insights into how you appear “on paper” to potential lenders and creditors. Additionally, your credit report offers you a first look at the…

Learning to Live Without Credit Cards

Living without credit cards

This is a guest post by Don Miller, who writes for CreditCardForum.com, a site where people post questions and get answers related to credit. He knows that credit cards are not appropriate for everyone and operates with that philosophy. However he still enjoys helping and advising those who use them and encourages paying in full. Living without the burden of debt…

Ben’s Challenge, Week 3: My Credit Score

For the past week, I’ve been doing Week 3 of our Action Plan, which included checking my credit score and looking for ways to improve it. Meanwhile, I’ve also been attempting to spend less money. Below, I’ll answer the following questions: 1. Am I spending less since last week? 2. What is my credit score? 3. Can I improve my…

What You Need to Know About ‘Balance Transfer Day’

On the heels of Bank Transfer Day, a new day of protest against big banks is garnering headlines: it’s called Balance Transfer Day and is being promoted on Facebook and other social media sites. The idea of Balance Transfer Day is that people should use December 11, 2011, as a day to find better interest rates so they can move…

How Tiffany Paid Off $8,000 of Debt In Under 10 Months

We’ve been on a roll lately when it comes to talking with awesome ReadyForZero users who are kicking butt, taking names, and paying off their debt like crazy. If you haven’t read our recent profiles of Katrina or Jared yet, check them out. Today we’re profiling Tiffany, a ReadyForZero user in Maryland who has paid off more than $8,000 in credit card debt. When we talked to her, we found she had learned some valuable lessons about how to get out of debt, so we wanted to share her experience and her advice with you.

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