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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 […]

    Millennials and the Credit Game

    Friday, October 28th, 2016

    For the most part, we get it… avoiding debt is a smart move. But like a calculated game of chess, each move counts and in the game of credit, the consequences are slow to develop. Millennials evoke a strange mix of narratives. Entitlement, self-involved, lacking in perspective… at least we hear. But its turning out […]

    Two Big Changes Impacting Medical Debt & Credit Scores

    Tuesday, August 23rd, 2016

    Medical debt is the most common type of collection, consisting of 52% of all accounts reported by collection agencies.  According to Experian, 64.3 million Americans have a medical collection recorded on their credit report.  Consumers have argued that medical debt impacts their credit rating unfairly and now a legal settlement and a revised credit model […]

    Credit Invisibles – 5 Ways it is Costing You

    Tuesday, June 28th, 2016

    According to a recent report by the Consumer Financial Protection Bureau (CFPB), 26 million American consumers were credit invisible, representing 11% of the adult population.  An additional 19 million consumers, representing 8.3% of the adult population had credit records that were categorized as unscorable because of insufficient credit history or a lack of recent history.  […]

    Half of Homebuyers Want to Improve Credit Scores Before Buying

    Tuesday, April 26th, 2016

    One in four American consumers don’t qualify for an FHA loan due to low credit scores.  But according to a new Experian survey, 45% of future buyers have delayed a purchase to improve their credit score and one in five are likely to opt out of the loan process all together for the next 5 […]

    Can You Have Too Many Credit Cards?

    Thursday, March 24th, 2016

    Tyler Tepper, Money On average, Americans tend to have a slightly higher number of credit cards (2.24) than they do children (between 1.5 and 2) — although of course some people eschew credit altogether, while others accumulate reams of plastic.  The Guinness World Record holder, Walter Cavanagh of Santa Clara, Calif., has 1,497 credit cards — 38 […]

    Pete the Planner and Why Credit Scoring is Changing

    Wednesday, March 23rd, 2016

    By: Alex Grimnes Each morning I search a variety of news sources for updates on the credit industry. It’s amazing what you find, especially on the “quick fixes” for credit, but I found a recent article written by Pete the Planner for USA Today regarding a consumer’s request to learn more about fixing their credit […]

    Top 10 Credit Tips for 2016

    Wednesday, December 23rd, 2015

    #10                  Pull free credit report from each of the major credit bureaus at least once a year. A 2015 study released by the FTC found that 23% of consumers identified inaccurate information on their credit report. The Fair Credit Reporting act requires negative items to be removed if they are inaccurate, unverifiable, misleading, or outdated. […]

    How to Avoid Identity Theft

    Tuesday, October 13th, 2015

    It is best to practice safety of your personal and financial information. However, you cannot always prevent becoming a victim of identity theft. Many safeguards can be put into place, but ultimately, our behavior and decisions must always remain guarded. Below are some precautionary tips you can take to keep your information safe. TIPS & […]

    Another Reason Not To Carry A Balance on Your Credit Card

    Monday, October 5th, 2015

    For those who use credit cards there are two kinds of people; Revolvers and Transactors.  A “revolver” is someone who pays less than the full balance and carries an amount of their balance over to the next month.  A “transactor” is someone who uses their credit card, but pays it in full before the due […]