Consider me a concerned friend. I'm concerned because it seems like just a minute ago I was telling parents about the lack of knowledge many of you seem to have about credit, in general, and I recently just found out this illiteracy extends to the subject of credit cards too.
Ah, spring. As you watch the trees and flowers blossom, your thoughts turn to warmer weather and the arrival of your income tax refund check. Perhaps you have already made plans to spend those funds on a home improvement project or a luxurious weekend getaway.
When it comes to our credit history, many of us have suffered through bumps in the road. These "failures" are nothing to be embarrassed about. Life happens... people lose jobs, get divorced, suffer from a medical crisis, and oftentimes get behind on their bills as a result.
Did you know that the cost of the liability insurance that you purchase to protect you in the operation of your auto and in the ownership of your home is determined in significant part by your credit score?
Ask anyone who has experienced an attack on their identity -- and with that their credit-worthiness -- when they were, for example, in the middle of making a major purchase like a home or car: Identity-related crimes are a game-changer and the fallout can be pretty dire.
With identity theft, it's not a matter of if, but a matter of when it will happen to you. And when it does, fast action by you, the victim, can stop the thieves in their tracks and help you recover your credit health sooner.