Joshua Heckathorn

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Joshua Heckathorn

Joshua Heckathorn was President of Creditnet, is a credit expert and has been featured on CNNMoney, FOX Business, Yahoo Finance, The Street, and many other national publications during the past ten 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

Mortgage or Credit Card: Which Would You Pay First?

[caption id="attachment_1606" align="alignleft" width="300" caption=" "]Photo by Respres[/caption]

A recent TransUnion study found that the percentage of Americans behind on their mortgage but current on their credit cards increased nearly 55 percent between early 2008 and the third quarter of 2009.

And while the amount of consumers we're talking about is still relatively small (6.6%), I find the overall trend to be quite compelling. Clearly, consumers are beginning to think differently about the priority of their debts.

How to Close Credit Cards for Deceased Relatives

When a loved one passes away, the last thing on your mind is their credit card bills. However, in order to protect the deceased's estate from additional charges, fees, or even identity theft, it's important to remember that your loved one's credit cards will remain open and active until you take the following three steps.

Ask Creditnet: How In-Store Financing Can Hurt Your Credit Scores

 Dear Creditnet: I'm currently in the market for a new TV and Best Buy is offering 0% financing for three years. My question is when you open an account like this, how big of a hit does your FICO score usually take and how long will it take to rebound? I could easily pay cash for the TV up front, but the "finance" person in me says it's free money—why not take the terms?

Free FICO Scores Coming Soon!

[caption id="attachment_1562" align="alignleft" width="255" caption=" "]Photo by dbking[/caption]

There's a lot of free credit scores floating around the Internet, but as I've written about in previous posts, none of them are actually credit scores that matter. Often advertised by the credit bureaus themselves, these scores may give you a rough estimate of where your true FICO scores stand, but that's about the only purpose they should serve.

If you ever want to know your real FICO credit scores, the ones the vast majority of lenders rely upon when assessing your credit risk, the best option has always been to purchase them directly from myFico.com. And while this is still the case, many consumers will now have a way to get a peek at their FICO scores for FREE.

Don't get too excited though—it's not as great as it sounds. Here's how things have changed.

Ask Creditnet: Switching to a No Annual Fee Credit Card

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Dear Creditnet: I currently have a credit card that expires in August 2010. This card has an annual fee, and I'm tired of paying it every year.

Do I have to cancel my card in order to apply for a different card from the same credit card company with no annual fee?

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