Weekly Tips

Weekly Tips

Poor Credit Scores Influence More Than Lenders

People with good credit are finding it difficult to get many types of loans these days, especially mortgages. For those with poor or damaged credit, the task is even more daunting.

But what about home and auto insurance? Will a poor credit score affect your ability to get the type of protection you need at the right price too?

on Thu, 2012-09-13 17:00

Avoid Credit Card Cancellations Due to Inactivity

If you haven't used one of your credit cards for months or even years, don't be surprised when you receive a letter in the mail notifying you of an account cancellation. Some credit issuers may be kind enough to provide advance notice; however, in many cases you won't learn of the cancellation until after the fact. And yes, they can do that for now - it's legal.

on Thu, 2012-08-23 17:00

Employer Credit Checks Don't Hurt Credit Scores

It's no secret that some employers will conduct credit checks as part of their hiring process. Whether or not you agree with it, it happens all the time. However, many people seem to believe that this also means their credit scores will be reviewed as well.

on Wed, 2012-08-01 17:00

Experian Only Includes Positive AU Accounts

Adding a child or spouse as an authorized user to one of your credit cards, also known as piggybacking, can help them build credit. Of course, that's as long as you continue to maintain a low credit utilization while making all your credit card payments on time. Miss a few payments or drive up your credit utilization ratio by carrying large balances, and you can do some major damage to your authorized user's credit scores too.

on Mon, 2012-07-23 17:00

Building Credit with Credit Cards for Bad Credit

Nobody wants to deal with repairing damaged credit, but the truth is many of us are just one serious illness or job loss away from a credit nightmare. And while it can take years of responsible credit management to build great FICO scores, it unfortunately takes just a few missed credit card payments to inflict major damage on your credit history. The good news is that bad credit isn't a permanent thing. No matter how bad your credit scores are, they can always get better! Time, in conjunction with responsible use of credit cards for poor credit, can heal all credit wounds.

on Mon, 2012-04-23 17:00

Register for Small Business Saturday and Get $25 from Amex

Small Business Saturday 2011 is just one week away, so don't forget to register your American Express card this week! Trust us, you don't want to miss out on this opportunity.

After registering, all you'll need to do is spend at least $25 at a small business next Saturday, November 26th, and then Amex will provide you with a $25 statement credit. No strings attached—it really is that simple.

on Thu, 2011-11-17 16:00

Online Holiday Shopping: 5 Tips for Bargain Hunters

Black Friday ignites a sense of unbridled excitement in many holiday shopaholics. For the rest of us, it's cause for nothing more than another good reason to stay close to home, sit by the fire and enjoy an extra cup of hot chocolate while the masses fight it out on the busiest shopping day of the year.

on Sun, 2011-11-13 16:00

How to Deal with New Annual Fees

You're a responsible credit card user. You live within your means and pay your balances in full each month.

It's likely you even have several credit cards in your wallet, although the majority of your monthly expenses are charged to the one that helps you bank the most rewards. As for the other cards, you keep them active to help boost your credit score and serve as backup in case of emergency.

What's wrong with that? Well, in the past you had little to worry about. But times have changed.

on Mon, 2011-10-10 17:00

Paying Taxes on Credit Card Rewards

Expecting a big check this year from your cash back credit card? We hope so. If you are, you may also be wondering if this is considered income and taxable by the IRS.

While it's no secret that the IRS wants to categorize as much as possible as income, Uncle Sam hasn't decided he wants a big chunk of your credit card rewards too. In fact, credit card rewards are typically considered rebates, not income, so they're not included in a taxpayer's gross income.

on Wed, 2011-09-28 17:00

Will Breaking a Lease Hurt My Credit?

Breaking your lease may seem like the easiest way out of an apartment you can no longer afford, but it's important to remember that it could do some major damage to your credit scores too.

on Wed, 2011-09-14 17:00