Tag Archives: FICO score

5 Little-Known Ways Your Partner Can Ruin Your Credit

Planning to move in with your significant other or tie the knot in the near future? There are many exciting discussions to be had, but money matters may not be one of them. In fact, it’s the dreaded topic many couples prefer to stay away from. But doing so can have serious implications for your finances and your credit. Let’s take…

Rejected for a Secured Credit Card? Here’s What to Do

Looking for ways to rebuild your subpar credit? You may be advised to obtain a secured credit card from a major issuer. To open a secured credit card, you’ll need to make a cash deposit to serve as collateral. This amount usually determines your available credit. Sounds simple, but what happens if you’re not approved? Do you throw in the…

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…

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…