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Tag Archives: Couple and Credit

6 Credit Traps That Await Divorcing Couples

By Kimberly Rotter The divorce itself doesn’t affect your credit score, but watch out for these common scenarios that most definitely do. Just as your credit scores don’t merge when you get married, they don’t experience any automatic hit or boost when you divorce. The divorce itself is not factored into your credit score whatsoever. However, the process of untangling financially from your ex could leave a mark on your …Read More

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 first step is to admit you have a problem and face it head-on. Go to …Read More

Retirement Plan Limits Largely Unchanged
in 2014

By Jason Alderman Anyone who’s bought groceries, filled their gas tank, or paid insurance premiums recently would probably be surprised to learn that according to Department of Labor’s Consumer Price Index for Urban Consumers (CPI-U), the rate of inflation is relatively flat – only 1.2 percent from September 2012 to September 2013. That’s bad news for people who were hoping to boost their contributions to an IRA, 401(k) plan, or …Read More

Money Styles for Couples

By Jana Castanon Finances are a hot topic for any couple, and one that must be discussed prior to making a permanent commitment to each other. There are three basic money management styles that a couple could choose – they could combine all their resources into joint accounts, have completely separate accounts, or a combination of the two. There’s isn’t one right way to do it. It depends on personalities, upbringing, and values. …Read More

The Main Ways to Raise Your Credit Score

By Mark Foster  There are various factors involved in raising a credit score, but when it comes down to it just two key factors are responsible for an incredible 65% of your score – how timely you pay your bills and how much you owe. The less you owe, the better your credit score. The credit scoring gods like that you have credit and that you use it, but they like us …Read More

Which Of My Credit Scores
Is The Most Important?

By John Ulzheimer Depending on whom you believe you can have as few as one credit score, and as many as hundreds of credit scores. So who is telling the truth? The truth is they’re both right. Follow me… The apex predator in credit scoring is still your FICO credit score. That’s not in dispute. It’s by far the most commonly used credit scoring system so if you choose to focus on one brand of …Read More

Just One Late Payment
Can Ding Your Credit

By Erica Sandberg Dear Erica, This month we are unable to pay our credit card bills for the first time. We have no more money to give after paying for our house and food. My husband has been out of a job for eight months, and I am working at Target which supplies us benefits — but I don’t bring in enough to carry us both and pay the bills. …Read More

Talking Finances With Your Valentine

By Jason Alderman Valentine’s Day may have just ended, but that shouldn’t stop you from talking about your financial future as a couple to keep your relationship on a healthy footing. In any marriage, major life changes may require you to reassess how you manage the family finances. Unfortunately, many couples don’t make time to plan ahead and are later caught off guard by their lack of decisiveness. For example: …Read More

How to Talk About Money Before Marriage

By Matt Bell When you’re getting to know the person you’re thinking about marrying there’s so much to learn. Some of it comes about through questions as you ask each other about past experiences and future goals. Some of it also comes about through observation. Does he respect his parents? Is she usually on time? But it isn’t always easy for couples to talk about money. Nor is it easy to understand the truth about …Read More