To close or not to close? Here’s what to consider If you haven’t used a credit card in a while and have transferred or paid off its balance, you may be tempted to close it. However, automatically closing it might not be a good idea because it could still be helping your credit score. [toc]… continue reading

Depending on your financial circumstances, there may not be a single perfect card that meets all of your needs. Therefore, having more than one credit card can be a good option. Here are some other reasons having more than one credit card can be smart:   Save Money With Balance Transfers. If you have an… continue reading

Your Credit Score is No Mystery Sometimes it can seem like credit scores come from a black box, but the reality is that is not the case. Here are 10 common credit score myths that we’ve debunked in order to help you better understand your credit score and how & why it changes. [toc] Myth… continue reading

Areas of Your Life Affected By Your Credit Score A credit score is a number between 300-850 that estimates your creditworthiness by taking into account the details on your credit report. Having a good credit score is important because it determines whether you’ll qualify for a loan or new service and how beneficial the terms of… continue reading

If your credit history has been damaged by late payments or too many inquiries, time is your biggest ally. Over time, the effect of these negative events lessens. In addition, there are steps you can take:   #1 Pay your Bills On Time. Late payments and collections can seriously damage your credit and simply paying… continue reading

Without fail, every time you check-out at department, big box, or retail chain store you’ll be offered a quick savings if you sign up for their store credit card. Saving money upfront may be tempting, but you should think twice.   #1 Most store cards have higher interest rates than other cards, which will likely… continue reading

A balance transfer allows you to move your credit card balance to a different credit card with a lower interest rate. Having a lower interest rate allows you to pay down your debt faster and save on interest payments. How much can a balance transfer save? Transferring a balance from a high annual percentage rate… continue reading

It’s Never Too Late to Start! Building your credit from scratch presents a chicken-and-egg problem. It can be hard to build your credit history if no one will give you credit and it’s hard to get credit without a credit history. We suggest 7 different ways you can break this cycle and start building your… continue reading