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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 [...]

Benchmarks for Borrowing

photo credit: »Philo
Consumer Reports published an article on the eight benchmarks of borrowing.  I must say that I don’t agree with all of their benchmarks.  For example, they state that non-mortgage debt (i.e. auto loans, credit cards, etc.) shouldn’t be more than 20% of your gross income.  If a person has a gross income [...]

Credit Report Codes Explained

I found this link on The Consumerist, so thanks to them.
Oftentimes, when you receive your credit report, there will be ‘reason codes’ or ‘action codes’ that define your risk factor. The following site explains the codes as well as what you can do to improve your credit rating for each of the codes received.
http://scottsecor.com/credit/pages/MC_reasons.html

Beware of Having All Joint Accounts

While I am definitely NOT one of those women who suggests you have a secret stash and hide money from your spouse, I also am not one of those women who suggests you merge every last thing and only have joint accounts. It is imperative that you maintain your own credit, even after marriage. [...]