Archive for the 'Credit Reports' Category

 Ask Stacy:
Why Does My Credit Score Change So Much?

By Stacy Johnson If you monitor your credit score you may be like this reader — scratching your head wondering why it changes so much. Here’s this week’s reader question: My Discover card started providing my credit score free each month. What I don’t understand is why it was 814 one month, then 794 the next, [...]



 Demystifying Credit Scores

By Jason Alderman One of the few positive outcomes of the 2008 financial crisis was that it helped shine a light on the importance of understanding and staying on top of your credit profile. Along with that heightened visibility, however, has come a great deal of confusion and misunderstanding – particularly around the all-important credit [...]



 The Pros and Cons
of Freezing Your Credit Reports

By John Ulzheimer Given the number of recent data breaches the topic of protecting your credit has been all over the place. That’s the silver lining of all of these retailer’s data breaches. The two most commonly referenced methods of protecting your credit is credit monitoring and a credit freeze, more formally known as a [...]



 For A Better Credit Score
Should You Carry A Balance On Your Cards?

By Mark Foster A question our financial educators are often asked by people is if it is better for their credit score to carry a balance on their credit cards every month instead of having a zero balance. Actually, that is one of the most popular credit myths – that it’s better to carry a [...]



 Raise Your Credit Score in 2014
in 5 Steps

By Karen Carlson Poor credit could be costing you thousands of dollars a year. If you’ve suffered from a ‘so-so’ or even poor credit score for most of your life, make a commitment to yourself to raise your credit score in 2014. 1. Face your credit history and score: Like many things in life, the [...]



 Raise Your Credit Score in 2014 in 5 Steps

By Karen Carlson Poor credit could be costing you thousands of dollars a year. If you’ve suffered from a ‘so-so’ or even poor credit score for most of your life make a commitment to yourself to raise your credit score in 2014. 1. Face your credit history and score: Like many things in life, the [...]



 How Can I Correct Negative Credit Reporting
From Fraud

By John Ulzheimer “John, I’ve been watching with interest the stories about Target’s data breach and how the information compromised has evolved from payment information to now include personal information. If someone uses my personal information, opens a new account in my name, and never makes payments how can I get that off my credit [...]



 Credit Cards Can Be Friend or Foe
to College Students

 By Gail Cunningham While parent’s mail boxes are filling with credit card bills from summer vacations and back-to-school shopping, their college-aged child is likely receiving offers for credit cards of their own. Due to the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (CARD Act), young adults under the age of 21 applying for [...]



 The Value of Credit Counseling in Everyday Life

By Lauralynn Schueckler Credit counseling is often an overlooked free financial tool in our busy everyday lives. We need good credit for everything these days as we transition to less and less cash in our lives. The truth is good credit is not only for financing, but it’s also essential in setting up utilities, getting [...]



 Five Tips to Improving Your Credit Score
the Right Way

By Melinda Opperman There are a lot of sources of credit score advice, but not all of them are equally valid. If you’re looking to improve your credit take care to do it legally, or your efforts are likely to be wasted. Here are 5 tips for improving your credit legitimately: Avoid credit repair. There are [...]