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House Hunting? Don't Forget About Your CU Ratio

As rates on 30-year fixed mortgages hover around 3.5 percent and home prices in many parts of the country are starting to dramatically rise, it may finally be time to take the plunge and purchase the home you've been saving for all these years.

If you're a first-time buyer that doesn't have to sell an old house before buying the new one, then you may be really excited about finally getting into the game. Those who can quickly qualify for a good mortgage in this lending environment will most likely be patting themselves on the back five or ten years down the road.

on Mon, 2016-07-25 15:12

The USAA Secured Card® American Express® Card offer is currently not available from Creditnet.com

However the below card(s) are recommended by Creditnet as a great alternative to the USAA Secured Card® American Express® Card:

USAA Secured Card® American Express® Card

Looking for a Loan? Think Small and Local

The "too-big-to-fail" banks have received billions in taxpayer bailouts, yet purse strings often remain tight.

on Fri, 2016-07-15 17:34

The Lucky 7's of Credit: How to Keep Your Credit Score Above 700

Lights flashing, adrenaline flowing, the scrolling triple 7's rewarding you with the jackpot of a lifetime; who in the world hasn’t dreamed of striking it big in Vegas? You could finally go on that vacation to paradise, pay off your home, or maybe even help support your family for generations to come. But those lucky 7's don’t have to be confined to Vegas.  In fact, one of the most important 7's you should be shooting for is a credit score of 700 or higher.  It may not reward you with cash jackpot worth millions, but obtaining a credit score above 700 will certainly open the door to more desirable credit cards with rewards0% interest credit cards, mortgages, auto loans, and other credit products that will save you thousands in interest during your lifetime. 

Debit vs Credit: A Cage Match

Upon entering the ring, the debit card and the credit card look pretty evenly matched. They are the same size and the same shape. Their functions are also similar: electronically transferring money from one owner to another. But when pitted against each other in a head-to-head match, who will come out on top?

Will Student Loan Rehabilitation Fix My Credit?

Student loan rehabilitation is a process that allows those who have defaulted on federal student loans to make on-time payments for a set period of time in order to rehabilitate their loans and remove any default status from their credit reports. The program basically gives you a second chance to prove you can stay on top of your student loan debt.

on Wed, 2016-07-06 16:42

Capital One Spark Miles for Business Review

The Capital One® Venture Rewards Card has been a popular credit card ever since it hit the market years ago with its "100,000 Match Your Miles promotion". While that amazing promo offer didn't last as long as we all would have liked, the card itself continues to be a favorite among travel rewards junkies searching for ways to rack up serious miles.

Closed by Consumer vs. Closed by Creditor

A closed credit card account will show up on your credit report as either "Closed by Consumer" or "Closed by Creditor". The words may not be exactly the same, but a close variation should easily be found on your credit reports. So, which one of these notations packs more of a punch when it comes to hurting your credit scores?

on Thu, 2016-06-30 15:20

Time to Ditch the Debit Card When Shopping Online

There are still way too many consumers out there that use debit cards to shop online. If you're one of them, listen up. It's time to finally ditch the old debit card and make sure you're protecting yourself by using a credit card instead!

on Thu, 2016-06-30 14:58

Will Paying A Collection in Full Improve Credit Scores?

Will paying a collection account off in full improve one's credit scores?

I feel like I've answered this question hundreds of times over the past 8 years as I've moderated our Credit Talk Forum. But when I was asked the same question last week by a close friend, it once again reminded me just how confused the average consumer remains regarding collections and how they affect credit scores.

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