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Archive for the 'Credit' Category

Protect Your Identity Week

( Credit )

Protect Your Identity Week – who even knew there was such a thing?  Apparently it exists and it starts this Sunday.  Last year alone, 11.1 million people became victims, (a 12.5 percent increase over the previous year)!  We may be putting ourselves at risk by simply writing a check, using a credit card or even […]

Credit Card Limits Getting Slashed

This article is a guest contribution from Steve Sildon at CreditCardAssist.com. Steve writes frequently about credit cards, providing tips and expert advice on a variety of personal finance and credit-related topics as well. In 2008, many credit card holders were shocked to find their credit limits getting slashed so dramatically and that trend has only […]

More Borrowing Don’ts

  photo credit: TheTruthAboutMortgage.com Bankrate has another good article about the worst ways to borrow. Payday loans – This is one of the worst of the worst.  The interest rates are exorbitant (often in the triple digits) and this makes it very hard to pay these off.  Of course, the loan company will keep rolling the old loans […]

Borrowing Do’s and Don’ts

( Credit )

photo credit: TheTruthAboutMortgage.com Bankrate published a good article on the do’s and don’ts of borrowing.  Below are their tips along with my thoughts on each. Save money while repaying debt – I agree with this one.  I believe it’s important to build or maintain a mini emergency fund of at least $1000 while in debt.  […]

TransUnion Class Action Settlement

As a result of a class action suit, TransUnion will provide free credit monitoring to consumers. The company is required to provide six or nine months of the monitoring service. If eligible, you have until September 24th to register for benefits under the settlement. Any consumer who had an open credit account or line of […]

Your Credit Score Affects More Than You Know

( Credit )

photo credit: Casey Serin A lot of people neglect their credit scores, citing your score is just a ‘stay in debt’ score. Some say it doesn’t matter because they’re not applying for credit anytime soon. Well, your credit score can affect much more than just the interest rates you get on loans or credit cards. […]

Five Signs That You’re Living Beyond Your Means

Yahoo Finance published a good article entitled Five Signs That You’re Living Beyond Your Means.  Here are the five signs as well as measures you can take if you find yourself in any of these situations. Your credit score is below 600 – If this is the case, the first step is to pull a […]

Don’t Let Molehills Turn into Mountains

photo credit: tompagenet Part of keeping your financial house in order is preventive maintenance / nipping things in the bud.  Small issues, left unchecked, can turn into big problems.  Case in point,  I spoke with an acquaintance over the weekend who wanted to pay me to ‘fix’ his credit.  Of course I declined because there’s […]