How Money Management Software Makes Your Life Easier

Dealing with money matters can get complicated. Throw in a shortage of funds to handle the monthly bills and everyday expenses, and you might find yourself in a time-draining financial tangle. Assuming you're not an accountant, you could use some help -- and money-management software provides it. Making a Budget Money management software typically comes in a stand-alone version -- to be... Continue reading

Real Estate & Personal Finance: How Does a Mortgage Loan Modification Affect Your Credit Score?

Credit Score Basics Your credit score is a number that a credit reporting agency assigns to you that summarizes how likely you are to repay credit and loans. Three major agencies dominate the credit reporting industry, and all use a scoring system called FICO, created by a company called Fair Isaac. The score ranges from 300 to 850. Whenever you apply for a loan or credit, you can expect the... Continue reading
Ways to Negotiate a Better Credit Card Interest Rate

Ways to Negotiate a Better Credit Card Interest Rate

Instead of cursing your credit card company for its high interest rates, do something about it – call and ask for a lower rate. It's probable that you'll successfully negotiate one. Here are a few tips on how to do it. Continue reading

Top Online Credit Trackers

The computer age has made it easier than ever to monitor your overall credit health. It's also made it easier for thieves to access your information. These two concepts can go hand-in-hand, since protecting your identity also protects your credit score. Here are several tools that can help you keep track of both. Continue reading

Mistakes Millennials Make with Their First Credit Cards

Getting your first credit card offer in the mail is often a thrill. Many new cardholders, particularly younger ones, may throw caution to the wind in the excitement of the moment, and immediately begin running up balances. Millennials — those who are roughly 20 to 35 years old, an age when it's common to get credit cards for the first time — can run into problems if they abuse their new financial... Continue reading

How Credit Unions Are Different From Banks

Date: September 9, 2016 Credit unions and banks offer many of the same financial services, but banks are often large corporations while credit unions usually offer a more personal touch and typically have smaller customer bases and networks. Many people mistakenly believe that bank deposits are protected, but credit union accounts aren't. This isn't the case. Although the Federal Deposit... Continue reading

What Errors To Watch for on A Credit Report?

Date: June 26, 2017 Each year, you're entitled to one free credit report from each of the three credit reporting agencies. This gives you an opportunity to review your reports and ensure that they're accurate. Errors do happen, so here's an overview of the top mistakes to watch out for. If you do find a mistake, you can have it corrected by following the instructions that come with the credit... Continue reading

What is Credit Card Churning?

What is Credit Card Churning? Credit cards have come a long way from simple convenience cards issued by banks. Many come with extra benefits and rewards these days, such as airline miles, hotel points or cash back. To maximize the benefits offered, so-called "credit card churners" try to open as many of these accounts as possible while incurring the least amount of damage to their credit scores... Continue reading

Personal Loans vs. Credit Cards: Which is Better for Borrowing?

When you need to borrow money, two quick options include personal loans and credit cards. Although using a card helps with the instant gratification of making a purchase, the dangers of minimum payments and high interest rates are real. Personal loans may provide lower interest, but fixed payments that are due monthly might take a big chunk out of your budget. Understanding the strengths and... Continue reading

How Long Does It Take to Rebuild a Credit Score?

Your credit score is something you might not think about until you need it. If you find yourself applying for new credit, your past credit missteps can catch up with you. Typically, a lower credit score translates into higher interest rates on everything from a home mortgage to a car loan. If you need to rebuild your credit, the sooner you start, the better. Continue reading