Building Credit: Tips for Buying Smart on Your First Car

Buying your first car is a great way to start building credit. Even if you have cash in the bank, a car loan will establish your credit history for the future. Many first car purchases must deal with a zero or blank credit score. Unlike the person with poor credit, the first-time borrower must do […]

Tips to Get Your Credit Card Balances Under Control

Are you planning to buy a house or rent one? If so, then you need to be sure you have a decent credit score. If you have a lot of credit card debt here is a personal finance strategy to help manage both your debt and your credit score.  Using Personal Loans to Reduce Debt A personal loan is an […]

Ending Credit Card Debt … Choosing The Right Option

It will come as no surprise to you, that all around the world consumers are collapsing under the pressure of credit card debt. This makes people desperate and in turn they may become easy victims of fraudulent credit card settlement companies. Don’t learn the hard way that settlement companies aren’t magical and can’t make credit card debt vanish overnight. But you […]

Acquiring Credit and Credit Reports

Acquiring a Credit History Young people either fresh out of high school or college may have difficulty acquiring their first credit card because they do not have a credit history yet. It may be easiest to get one through your own bank or credit union where you already have an account. Or you can apply for […]

8 Ways to Stick to Your Financial Resolutions

Do you make financial resolutions every New Year that you’ll get your finances under control? Do you break them just as often? Here are a few tips to help you meet your financial goals this year. Some are fairly simple ideas from a different perspective, while others will take effort that is well worth it […]

Rebuilding and Fixing Your Credit in 5 Steps

Bad credit can make it difficult or almost impossible for you to get approved for any kind of loan or a mortgage, and there’s even a possibility your credit could interfere with your ability to get a job. But fortunately, there are a number of things that you can do to fix your credit, so here are five tips […]

How to Calculate Your Credit Score

Calculating a Credit Score or Rating Credit scoring methods vary from one scoring model to another, but the most widely used scoring system in U.S., Canada and other areas around the world is FICO. The factors are similar and may include: Payment history (35% of the FICO score) – Poor or erratic payment history can lower your credit rating or score. […]