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    10 Credit Tips to Improve your Life in 2017

    Monday, December 19th, 2016

    Carrying a Balance Will Hurt You More Until a year ago, Federal Reserve rates were at zero for more than half a decade. A rate hike in December of 2015 and another hike in December of 2016 has changed the trend. Expect three more rate hikes in 2017. Creditors and credit card companies are likely […]

    0% Financing can be a Holiday Bust – 3 reasons why

    Wednesday, November 23rd, 2016

    Free money for 12 months, how can you go wrong with 0% financing?  According to credit expert, John Ulzheimer, it can adversely affect your credit in these three ways: Utilization – You could be ramping up your credit “utilization” percentage. Retailers often open a store credit card and max out the credit limit with the […]

    10 Credit Tips to Improve your Life in 2017

    Wednesday, November 23rd, 2016

    Carrying a Balance Will Hurt You More Until a year ago, Federal Reserve rates were at zero for more than half a decade. A rate hike in December of 2015 and another hike in December of 2016 has changed the trend. Expect three more rate hikes in 2017. Creditors and credit card companies are likely […]

    Credit Score Needed for FHA Loan

    Tuesday, August 23rd, 2016

    It’s written in bold letters on FHA.com.  Credit Requirements for FHA loans, 580 or higher = 3.5% Down Payment and Lower than 580 = 10% Down Payment.  Then why can’t you get approved with that score? FHA Doesn’t Do Home Loans FHA loans are not offered by the FHA (Federal Housing Administration).  In fact, the FHA […]

    What Does Your Age Say About Your Credit Score?

    Tuesday, June 28th, 2016

    If you are a Baby Boomer, chances are you have an excellent credit score. The average credit score for those 55 and older is nearly 700. The bad news is if you are “Generation X (1965 – 1976)”, a “Millennial (1977 – 1995)”, or “iGen, Gen Z or Centennial (after 1996)”, the average score is […]

    Credit Scoring for Dummies

    Friday, February 19th, 2016

    This week I saw a comic strip that said, “hmmmm… and yet another day has passed and I did not use Algebra once… very interesting”. Of the many educational priorities in America, it seems teaching people about financial literacy including credit and debt is not one of them. The Consumer Federation of America gave American […]

    Paying double for homeowners insurance? Check your credit score

    Wednesday, October 14th, 2015

    In the news:  Most people know that a poor credit score will impact their home purchase, but many don’t know that low credit scores impact consumers in a myriad of ways.  Here is an article by ksl.com that says that low credit scores can double your homeowners insurance. Article

    Real Cost of Bad Credit – Reloaded

    Monday, February 23rd, 2015

      For being so poorly understood, you would think that credit really doesn’t matter that much. A mist of ignorance concerning credit rests upon America. Perhaps more distressingly, there seems to be no drive to increase that knowledge. A recent survey determined that 40% of Americans do not know that credit card issuers and mortgage […]

    Credit Compatibility: Credit and Romance

    Saturday, February 14th, 2015

    As today is Valentine’s Day, we’ll discuss what credit can mean in a blossoming romantic relationship. Love is in the air today and the prospect of marriage may be intense for some. But what does credit have to do with it? Divorce is startlingly common today and often one major factor is finances. Frank financial […]

    The Cost of Mediocrity

    Monday, February 2nd, 2015

    Credit scores matter in a wide variety of matters. Bad credit really hurts, but mediocre credit can also make a difference. Most people have little or no knowledge about credit scores and reports. They figure they at least do a decent job of keeping up with their finances so their credit must be fine. Most […]