Category Credit

WHY YOUR CREDIT CARD APPLICATION WAS DENIED (AS REPORTED BY MICHAEL PRUSER ON WWW.FIVECENTNICKEL.COM)

While it is never a good idea to spend more than you can afford at any given time, credit cards are an important financial tool for the savvy consumer. But getting denied for a credit card is a sign that something is wrong, and should be addressed. Michael Pruser, writing on http://www.fivecentnickel.com, lists five common […]

HOW INTEREST RATES WORK (AS REPORTED BY LUCY LAZARONY ON WWW.CREDIT.COM)

Credit is an important part of an individual’s financial life. As Americans, we use it to finance all of our larger purchases, and some of our smaller ones. Whether you’re talking about everyday credit card purchases, a mortgage, or car loan, one of the most important aspects to consider is the interest rate. Interest rates […]

Marriage and Credit Scores (as reported by Emily Guy Birken on moneyning.com)

Afraid that marrying the wrong person could negatively impact your credit score? Well, it can and it can’t. As Emily Guy Birken explains, your credit score is yours and yours alone. When you get married, your credit score and your spouse’s credit score are not directly affected. However, that does not mean that your finances […]

College Students and Credit Cards

Credit cards and available credit can be tempting, we all know this.  How should college students, often new to credit, choose what they charge on credit?  Greg Meyer shares some tips on his blog, creditunionguy.blogspot.com.  He advises only charging emergency expenses or something that could be considered an asset; necessary car repair or possibly books […]

Never Miss a Payment (as reported by John Ulzheimer on mint.com)

One of the many myths about credit scores, and a dangerous one, is that missing just one payment won’t hurt you. When you miss a payment deadline, even for the first time, you risk a lower credit score. The best thing you can do is never miss a payment. But when that is not possible, […]

College Credit Tips (as reported by AJ Smith on finance.yahoo.com)

The old cliché practice makes perfect applies to healthy personal financial habits. And building credit, as well as understanding it, is no exception. College presents a great time for young adults and teens to start working towards a working knowledge of credit cards and the right ways to use them. AJ Smith, in this article, […]

Simple Ways to Raise Your Credit Score (as reported by Jim Wang on Finance.Yahoo.Com)

A good credit score is important, and there are many things you can do to ensure your score remains high. But sometimes, we make mistakes, and our score suffers. If you find yourself with a credit score that could use some help, there are some things that you can do in order to raise your […]