Joshua Heckathorn

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Joshua Heckathorn

Joshua Heckathorn is a credit expert and has been featured on CNNMoney, FOX Business, Yahoo Finance, The Street, and many other national publications during the past twenty years.  He received a Bachelor of Science in Management (Finance) from Brigham Young University's Marriott School of Business and earned his MBA from Seattle University.

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Recent Blogs

Ask Creditnet: How Rapid Rescores Work

Dear Creditnet: I'm trying to buy a house this summer and my credit scores are just a bit too low to qualify for the best possible interest rate. My mortgage broker is suggesting we do something called a "rapid rescore" in order to quickly improve my credit before we close, but I don't understand how this works. Can a rapid rescore actually improve my credit scores, and how can I be sure that it will help me get approved for the loan? - Max S. from OR

Worried About Having Your Credit Checked? Here's Why You Shouldn't Care Too Much

Even if you know relatively little about how FICO scores work, you've most likely heard that when your credit is pulled it hurts your scores. I've actually found this to be the primary reason people avoid applying for new credit. In fact, friends often ask me how I manage to apply for so many of the rewards credit cards I rate and review on Shouldn't all those credit inquiries be killing my FICO scores? Well, they haven't, and I frankly don't worry about credit inquiries that much. While there's no doubt in my mind too many inquiries can hurt FICO scores, I think most of us overestimate just how big of an impact credit inquiries have on our scores.

Ask Creditnet: Best 0% Interest Card with No Balance Transfer Fee?

Dear Creditnet: I recently incurred $5,000 in surprise dental expenses and had to charge it on a credit card I've used since 1982. I've never had another credit card in my life, but now I'm interested in exploring my options so I can transfer this balance to a new 0% interest card and pay it off. I would like the card to have no annual fee, no balance transfer fee, a long no-interest balance transfer promotion and great customer service from a reputable outfit. I'm not really interested in airline rewards or cash back, and I do have excellent credit. Is there any credit card out there you recommend? -Sarah S.

Amex TrueEarnings Card Review: Must-have for Costco Members

I used to give my wife a hard time for loving Costco so much. She would always come home from shopping trips with huge boxes of food we couldn't fit into our cupboards, enough toilet paper to last for a year, and a bunch of other random items she probably didn't walk in expecting buy. It was really annoying at the time. Then, I joined her on a shopping trip a few years back and my eyes were finally opened to the true glory of Costco. I still complain about going on weekends when I have to fight for a parking spot half a mile away from the entrance and body check old ladies in order to get to the best food samples, but come on. Where else can you buy a new flat screen television, patio furniture, a 20-pack of figs, and a rack of ribs all in one place at great prices...while getting your prescriptions filled? It's a beautiful thing. I'm a Costco lover myself now, and it doesn't end with the shopping experience either. I love the TrueEarnings card from Costco and Amex too. If you're already a Costco member, you need this card. It really is a must-have rewards credit card for all Costco members with good enough credit to get approved. Here's 5 reasons why you should consider it:

Ask Creditnet: Can I Consolidate Private Student Loans?

Dear Creditnet: I have a bunch of private student loans totaling about $25,000 in debt, and I've been diligently making payments on time for the past five years. I unfortunately lost my job six months ago and I'm worried about keeping up with all of my payments in the coming months. Is there some way I can consolidate all of these loans right away so I only have to worry about making one payment to one company? Would this allow me to lower my payments and save some money while also buying additional time to land a new job? - Jackie S. from TX