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Late Payments and Revolving Balances

Late payments and revolving balances are the two things that can do the most damage to a credit score. Having a late payment show up on your credit report probably makes sense but can revolving … [Read more...]

How Does a Divorce Affect Your Credit?

Divorce, in and of itself has no bearing on your credit.  However, if you have joint accounts with your ex you could be in for trouble, even if debts are listed in the divorce decree as being the … [Read more...]

Revolving Accounts – What You Need To Know

Revolving balances play an important role in your credit score calculation. The total of your revolving debt makes up about 30% of your credit score. Balances on installment loans don’t have any … [Read more...]

Is Being Debt Free a Good Idea?

You’ve sold your home, paid off the car and all your credit cards and even closed most of them. You are completely debt free! This is great…right? Well, not when it comes to your credit score. Believe … [Read more...]

Starting 2017 Right

Christmas is over…the decorations have been taken down and presents have been opened. New accounts have also been opened, credit cards have been maxed out, savings accounts have been drained and … [Read more...]

Identity Theft – It’s a Matter of When Not If

No matter how well you protect yourself, chances are at some point you will become a victim of some sort of identity theft. It is virtually impossible, no matter what you do, that you will be 100% … [Read more...]

Authorized Users – For Better or For Worse?

Being an authorized user on someone else’s credit card can sometimes be a double-edged sword, as can having someone as an authorized user on one of your credit cards. At the onset it might seem like a … [Read more...]

‘Tis The Season!

It’s that time of year again. Christmas music, holiday lights, beautifully decorated trees and lots and lots of presents. It’s also the time of year when a lot of consumer’s credit scores drop the … [Read more...]

Re-aging – Wouldn’t It Be Nice?

Wouldn’t it be nice if we could just make a phone call and say: “I promise to be good, to exercise, to eat right and take all my vitamins if you will just turn back the clock...” then have all the … [Read more...]

Credit Card Payments – How Much, When and Why?

When it comes to making payments on your credit cards there can be a lot of questions. Is it OK to just make the minimum payment? Should you pay it off every month? Is there a better time during … [Read more...]