Do Smart People Have Credit Problems?

Why do people have credit problems? It is easy to look at those mired in debt from a distance and say that they just did not know any better, but is this true? Does a familiarity or even an intimate knowledge of financial matters shield one from personal credit problems? [Read more]

How To Live In A Recession

Everyone is trying to figure out how to live in the recession. It’s become a fact of life, and no one seems to be untouched by the current economic climate. [Read more]

Behaviour That Raises Your Credit Score

Your credit score is something that reflects on more than just your eligibility for loans. It directly affect several factors that are involved in your life, and even influences other things that you wouldn’t guess are affected by it, such as your insurance. Indeed, the economy of America incorporates credit to a very large extent, and as such it factors highly into the way in which most Americans live their lives and handle their personal finances. [Read more]

Credit Score Ratings

People are more familiar with the term “credit score ratings” than they once were because of the various commercials that mention it, but they are not really secure in the knowledge of exactly what these credit score ratings are, or just how having a high or a low rating can affect them.

Credit score ratings come from the three credit reporting agencies, Experian, Equifax, and Trans Union, the same agencies where you get your credit report. These agencies have a special type of software that takes the information from your credit report and compiles a score from it. This is called a FICO score. [Read more]

A Beginner’s Guide to Credit Scores

Do you know what your credit score is? You probably do, because that little three digit number is almost as important as your Social Security number when it comes to getting things like a job, a home, a car, insurance, or a credit card. This number can change, depending on the state of your credit. If your credit is AAA, you will have the highest possible credit score. If your credit is not so good, then you will have a pretty low credit score. A score of 760 or above is considered excellent, while a score below 620 will tell anyone who checks that you are a bad credit risk. [Read more]