While most mailboxes are enjoying a respite from the daily deluge of credit card offers, major credit issuers are clearly still interested in dropping big bucks to pursue one type of consumer – those with top-notch credit and big-time spending habits. Read the rest of this entry »
Author: Joshua Heckathorn, Date posted: September 20th, 2009
Category: Credit News
Piggybacking, a technique often used to build credit by paying to become an authorized user of a stranger’s credit card account, has been under fire since it first gained widespread popularity in 2007. In practice, the loophole in the credit scoring system works great, which is perhaps why it’s ruffled the feathers of so many people that find it unfair and sleazy.
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Author: Joshua Heckathorn, Date posted: September 13th, 2009
Category: Credit Scores, Credit myths, Miscellaneous
It may come as no surprise to you that financial literacy among our youth is rather poor. In fact, a poll recently conducted by YoungMoney.com found that only 24% or respondents felt they have a decent understanding of personal finances. Read the rest of this entry »
Author: Creditnet.com, Date posted: September 4th, 2009
Category: Credit News, Miscellaneous
The ever-increasing hype over the importance of credit scores has led to a lot of bogus myths about what actually determines them. You’ll be happy to know that what you ate for breakfast or how well you can balance on your left pinky toe while checking your bank statement has absolutely no bearing on this elusive three-digit number.
In short, there are five key factors that are used to calculate your credit score (payment history is the most important of these). But the aim of this particular post is to dispel the rumors about other factors commonly believed to influence your credit score. So here’s a list of five things that have no impact on your credit rating (insert sigh of relief here).
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Author: Guest Post, Date posted: September 1st, 2009
Category: Miscellaneous
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