Will Cosigning Hurt My Credit?
If youve ever been asked by a friend or family member to cosign on a loan, you might have wondered whether it could hurt your credit. In a strict sense, the answer is no. The fact that you are a cosigner in and of itself does not necessarily hurt your credit. However, […]
4 Ways to Ruin Your Credit
You applied for a new credit card, and you were approved! After all, there is must be something you need or want. However, if you are not careful, your spending ways can damage or even ruin your credit. Here are 4 ways you can ruin your credit so that you can avoid […]
4 Big Problems With Social Security Numbers
A Social Security number is like a skeleton key — able to unlock a kingdom of untold riches for identity thieves. It is the central piece of data needed to hijack our credit, steal our health insurance, use us as human shields and generally wreak havoc in our lives. And every day, […]
The Key to Health, Wealth, and Happiness: Track Your Spending
Can something that takes as little as five minutes a day change your financial life? Absolutely, say the proponents of that so-often-recommended piece of financial advice: track your spending. They believe it can be the key to a wealthier life, and research shows it may make you healthier as well. There’s no […]
Is Your Credit History Keeping You from a Job?
A new study indicates that some Americans find it difficult to get jobs due to the information contained in their credit reports. CNN Money reports that a study conducted by the Demos think-tank suggests that about 25% of Americans are required to submit to a credit check when applying for a job, and […]
What Gardening Can Teach Us About Credit
You can’t avoid the thorns. Gardeners end a hard day’s work with dirty fingernails and sometimes the occasional scratch from a thorn or two. For gardeners, that’s a small amount of pain for the weeks and months of enjoyment they get out of their flowerbeds. You should also be aware that […]
What Is Revolving Utilization?
A revolving credit account is an account where your monthly payment is based on your balance, which can change from month to month. Revolving balances can also be paid in full without incurring finance charges, if paid within the the grace period. Revolving utilization, also known as your debt-to-limit ratio or […]
6 Things You Shouldn’t Pay Money For
Anyone who knows about personal finance can tell you how to save money on the items you spend the most on. You can save on groceries, cut your home energy bills, and reduce your cell phone costs with just a bit of sacrifice and creative thinking. On the other hand, though, many […]