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Is a Perfect Credit Score Worth It?

Consumers across the nation have the terms “FICO” and “credit score” embedded into their brains. These terms refer to a scoring system that judges a person’s reliability with creditors. Creditors use this main scoring system as their gospel for making crucial credit decisions. While they may use other factors in their decision-making process, creditors weigh an applicant’s score the highest in their procedures. Consumers are under the impression that they must all set their heights to achieving a perfect credit score. Is a perfect credit score worth it? 
 

Is Tuition Reimbursement Becoming the Norm?

College. University. When people - particularly parents - hear these words mentioned, they usually imagine looming debts from paying off a child's tuition or the other expensive elements of attending any higher level educational institution. At most universities, the student or the parents are expected to chalk up 40 to 60 grand a year for their college experience. That's the equivalent of buying a sedan-class BMW every year! In the past few decades, the prices for college textbooks have jumped almost eightfold. This surpasses the regular yearly inflation rate by two magnitudes of ten. 

Is Google the Future of Credit Reporting Agencies?

The Internet is a beast with a long memory. Sometimes the photos and personal information it retains creates a one-sided and unfair impression of an individual, and sometimes the information about the person is just plain wrong. No one can ever assure themselves that this information will not come back to haunt them in any future credit granting decision. To this end, more and more people are making a claim that they have certain rights to privacy that the Internet presently ignores. These rights they say extend to personal information that is normally found in or derived from credit reporting agencies.

How to Protect Your Child from Identity Theft

Unfortunately, having your identity stolen as a child typically makes things difficult for a young adult. For example, they'll likely experience issues when applying for loans for colleges. Employers and landlords often take a look at credit reports. Therefore, it is important to be aware of this problem, so you can take the appropriate measures to protect your child from identity theft.

Turning Off Your Credit Cards: How New Technology Will Help Stop Fraud

A great answer to preventing fraudulent use of credit cards is here. Many of us have been victimized in some form with credit fraud, especially if you shopped at Target or one of the other companies involved in the December 2013 credit card fraud. Even if you don’t lose money, it is very inconvenient  to obtain new credit cards. Plus, the identity theft will have access to your personal information. They can use this to open new accounts in your name and easily damage your credit score.

Cash vs Credit: Which Should You Carry?

To generate money, one must know how to spend money. Among the most common forms of spending in the 21st century includes cash and credit cards. Both come with unique advantages and disadvantages, but that doesn't necessarily mean one mode is more dominant than the other. It is true that the plastic card is slowly replacing the greenback in many areas of consumer culture. But how could something as old as history of civilization itself suddenly fall to a recent innovation?
 

Credit Tips for Recent College Grads

Completing college and beginning a career is a heady experience. It is also a time when many people begin the process of building solid credit histories and ratings. Starting off on the right foot will make it easier to build financial security in the years ahead, and always have access to credit when it is needed for major purchases. Here are some tips that will help achieve this goal of financial stability. 

Investing 101

The basic principles of finance include managing debt, planning, budgeting, and saving. Investing is one of the principle of finance that can be used to meet both short and long-term financial goals. However, for the average person, the idea of investing money can seem complex and complicated. Different investments and investment terms such as equity, liquidity, or real rate of return can be somewhat confusing to novice investors. In most cases, understanding the terminology and conducting research is the best way to begin investing. 
 

The Do’s and Don’ts of Dealing with Debt Collectors

It can be a real challenge when trying to settle out of control debts to come up with a settlement or repayment plan that is affordable. However, once you've finally put together a financial recovery plan you can live with, how do you actually go about making payments? Not all payment methods are equally safe and effective. While there is no method that is best under all circumstances, here are some things to consider before you decide what method of dealing with debt collectors works best for you.

FICO vs FAKO: Are You Getting the Right Credit Score?

Anyone who has ever applied for a loan, regardless of the type, has probably been told that the lending institution will have to “run their credit.” The latter is a phrase that refers to obtaining the applicant's credit score in order to determine whether or not the individual is a good credit risk. This is often referred to as the person's FICO–Fair Isaac Company–score. This score is what virtually all lenders use to determine how likely it is that a specific borrower will default on a loan or other financial obligation, as well as whether or not the person will make timely payments on loans or other lines of credit.

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