Home / Weekly Credit Tips

This Week's Credit Tip

By: Joshua Heckathorn Posted: May 20, 2016
Are you struggling to keep up with your federal student loan payments? If so, a provision of the 2007 College Cost Reduction And Access Act, known as IBR (Income-Based Repayment), may be just what you've been searching for. Although the law was passed in 2007, it actually took effect on July 1st of 2009 and is available to anyone with an eligible federal student loan. IBR essentially allows...

Recent Credit Tips

  • May 20, 2016 | See What Income-Based Repayment Can Do For You
    Are you struggling to keep up with your federal student loan payments? If so, a provision of the 2007 College Cost Reduction And Access Act, known as IBR (Income-Based Repayment), may be just what you've been searching for...
  • May 11, 2016 | How to Avoid Foreign Transaction Fees
    Foreign transaction fees are often as high as 4 percent and are charged by virtually all credit card issuers for purchases made overseas. How can you avoid them? If you're like most world travelers these days, credit cards will...
  • May 06, 2016 | Think twice before getting a cash advance.
    If you are in a lot of debt, a cash advance or payday loan can seem incredibly helpful. With a cash advance, you get cash almost immediately. These loans are easy to get approved for, and you can pay off the debt you need. However, be...
  • Apr 27, 2016 | How to Build Credit from Scratch
    It really is a classic Catch-22. You've got to have credit to get credit. So if you have no credit history at all, how should you go about building a good credit score from scratch? The tactics will vary depending upon your personal...
  • Apr 19, 2016 | Pay Rent With Credit Cards and Earn Big Rewards
    If you rent an apartment, the largest expense in your monthly budget is most likely your rent.  So would you put your rent on a credit card if you could?  If you plan to pay off your balance each and every month, the answer to...
  • Apr 01, 2016 | Think Twice Before Paying Taxes with Your Credit Card
    Tax time is upon us yet again, which means many of you will be scrambling over the next few weeks to get your tax returns done and cut a check to old Uncle Sam. However, in recent years the IRS has made it fairly easy to...
  • Mar 16, 2016 | What's the Best Way to Pay Off Credit Card Debt?
    If the only thing that matters to you is saving dollars and cents, the payment strategy that clearly makes the most financial sense is paying off your balance with the highest interest rate first. Start out by tripling...
  • Mar 15, 2016 | Leaving Monthly Balances Won't Boost Credit Scores
    You've probably had friends tell you how they established their credit history faster by leaving monthly balances on credit cards instead of paying balances in full. I hope you didn't fall for this one!...
  • Mar 14, 2016 | Don't Sweat the Soft Inquiries
    A soft inquiry is recorded on your credit report when an existing creditor reviews your file, a prospective creditor pulls your report for marketing purposes, or you order your own credit report for monitoring purposes. A common misconception is that...
  • Mar 03, 2016 | How Much Does an Inquiry Hurt Your FICO Score?
    A hard inquiry occurs when you apply for credit and the lender pulls your credit scores as part of the application process.  Credit reports include records of all hard inquiries for up to 2 years.  Unlike soft inquiries, hard...

Weekly Credit Tips

Our weekly credit tips keep you up-to-date on the latest credit cards advice and news. Whether it's timely tips related to credit, debunking old myths or giving you a heads up on one of the best new credit cards on the market, our weekly tips are quick and easy to follow.

 

Check out our archive of weekly credit tips if you can't find the answer you're looking for, or post your own thread in our Credit Talk Forum to hear from our expert administrators, plus junior and senior members with real answers.

 

Finally, for even more expert credit tips and news, visit the Creditnet blog for the latest in credit advice.