Many consumers use debit, credit and prepaid cards, often interchangeably; however, these three types of cards are quite different.
Credit
Can You Have Too Much Credit?
Credit scoring formulas don’t punish people for having too many credit accounts, but too much debt can hurt scores.
Thinking About Co-Signing a Loan? Proceed With Caution
Parents and family members may think they are simply lending a helping hand by co-signing a car loan or credit card application for a child. But they are, in effect, agreeing to pay back the debt themselves — and they often end up doing so.
FICO Gives Millions a Path Toward a Decent Credit Score
There is already evidence that a new credit-scoring approach by Fair Isaac Corp. will provide a pathway to decent FICO scores for some consumers who currently don’t have traditional scores.
Credit Repair: How to Help Yourself
You see the ads in newspapers, on TV, and online. You hear them on the radio. You get fliers in the mail, email messages, and maybe even calls offering credit repair services. They all make the same claims: “Credit problems? No problem!”
Why college students need to worry about their credit score more than anyone else
The last thing on most college students’ minds is their credit score. But at the same time, this number will define their financial lives for years to come. And making poor choices today could impact their lives for decades.
Raising Your Credit Score
Let’s face it, now a days, a high credit score isn’t easy to achieve. Not only do you have to master the basics — maintaining positive payment history and a low debt to credit ratio, but in order to be part of the upper echelon, you must pay attention to details as well.
Use Your Tax Refund to Improve Your Credit Scores
It’s income tax season and many Americans have already planned what they will do with their refund check as soon as they get it.