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Credit

When Co-Signing for a Car Goes Bad -- Lucy's Story

Credit Karma | Posted 11.18.2015 | Education
Credit Karma

I recently sat down with a friend, Lucy*, to discuss her experience co-signing for a car lease. What began as a favor to her boyfriend ended up costing her thousands of dollars and a serious knock to her previously excellent credit score.

3 Things You Should Use Your Credit Cards to Buy

Michael Lazar | Posted 11.13.2015 | Fifty
Michael Lazar

Credit cards are not bad, even if they have stigma attached to them. That stigma is usually associated with poor spending and financial planning habit...

Ask Brianna: I've Heard I Should Build Credit. How Do I Start?

Brianna McGurran | Posted 11.13.2015 | Education
Brianna McGurran

A credit card isn't an unlimited pool of funds for clothes and vacations, but neither is it a sure path to financial ruin. Using a credit card correctly is a crucial way to build credit, a concept that's less confusing than it seems. I've gotten this question from many students and grads.

Why Radical Thinking Is The Most Practical Way To Fix Inequality

Lynn Parramore | Posted 11.13.2015 | Business
Lynn Parramore

These taboos and fears also make us blind to the threat of out-of-control private debt and credit wasted on real estate and speculation rather than growth that lifts everyone. For Turner, thinking radically is the most practical way forward.

The Best Low Interest Rate Credit Cards for Holiday Spending

Kari Luckett | Posted 12.09.2015 | Technology
Kari Luckett

If you tend to carry a balance on your credit card throughout the year, it's likely that you'll do so after the holidays. Before you swipe your card left and right for friends and family this holiday season, give yourself the gift of low interest.

Manage Holiday Credit Card Debt With 0% APR -- and a Budget

NerdWallet | Posted 11.10.2015 | Money
NerdWallet

Credit card debt is like a holiday fruitcake: It can last for a surprisingly long time, and usually you're better off without it. Even so, many peopl...

For Excellent Credit, Pay Cards in Full Rather Than Carry Debt

NerdWallet | Posted 11.05.2015 | Business
NerdWallet

Many consumers believe that to get a high credit score, you need to carry a balance on your credit cards from month to month, paying interest along the way. But research shows the opposite: People who pay their balances in full every month are more likely to have excellent credit scores.

Online Reviews Could Kill Your Credit Score

Jeanne Kelly | Posted 11.04.2015 | Business
Jeanne Kelly

She wrote a negative review online after an online retailer failed to send her the goods she'd ordered. Reasonable, right? Well, it turns out that when the purchase was made online, she had unknowingly agreed to an "anti-disparagement clause" and was then slapped with a $3,500 fine as a result of writing the negative review.

Careful! New Credit Cards Aren't Safer Yet

MoneyTips | Posted 11.04.2015 | Business
MoneyTips

October 1st was supposed to be a transition day for U.S. businesses with respect to credit cards. With a few exceptions like autopay gas pumps, credit card transactions were scheduled to be switched to the EMV method of payment processing.

Your Love Life and Your Credit Scores: They're More Related Than You Think

NextAdvisor.com | Posted 10.29.2015 | Weddings
NextAdvisor.com

You probably already know that your credit scores are used by banks, credit card issuers, car dealerships, insurance companies and more to determine the risk of lending you money or providing services, but it seems that there is a very real connection between your love life and your credit score.

When Making a Balance Transfer, Look for 0 Percent APR First

NerdWallet | Posted 10.28.2015 | Business
NerdWallet

For many a new balance transfer credit card is the most cost-effective way to pay down debt. In some cases, getting a balance transfer credit card and moving a debt over may even improve your credit slightly.

Why You Should Cut Up Your Affinity Travel Credit Card

Christopher Elliott | Posted 03.28.2016 | Travel
Christopher Elliott

A recent poll bears out something I already believed to be true, and am happy to see: Consumers are finally losing their enthusiasm for airline and other affinity credit cards.

Finance Technology and You: Getting Proactive With Credit

Yee Lee | Posted 10.15.2015 | Technology
Yee Lee

Technology has a long history of reshaping the relationship between people and their money. Remember life before the ATM? Imagine how different your spending habits would be if you still had to walk into a bank and speak with someone every time you wanted extra cash.

Millennials Get Clever With Credit

Kali Hawlk | Posted 10.14.2015 | Business
Kali Hawlk

The Millennial generation is usually defined as people born between 1980 and 2000. That places the demographic anywhere between 36 and 16 years old -- and as I'll turn 26 at the end of the year, I'm smack in the middle of Gen Y.

Before Adding Your Child to Credit Card, Set Limits

NerdWallet | Posted 10.13.2015 | Business
NerdWallet

This is the first installment of a semi-monthly Q&A on credit and credit cards by Sean McQuay, credit cards expert at NerdWallet, a personal finance website. McQuay will answer readers' questions about credit card terms, credit scoring, credit card rewards and consumer debt.

Experian Breach Exposes 15 Million T-Mobile Customers, Applicants' Information: What You Need to Know

NextAdvisor.com | Posted 10.07.2015 | Business
NextAdvisor.com

If you've applied for a T-Mobile phone plan within the past two years, there's a high chance your information may have been breached by Experian -- one of the three major credit bureaus.

The 45-Minute Financial Literacy Workout For High School Seniors

John Pelletier | Posted 10.07.2015 | Education
John Pelletier

You have many important decisions ahead of you. Ask for help. Do your research before you make these critical choices. The path you choose will impact you for many years to come.

How to Master Your Credit Scores Without a Trial By Fire

Adam Levin | Posted 10.01.2015 | Business
Adam Levin

Learning from our own mistakes, while often unpleasant, is easier in a sense, because it doesn't require compromising another person's privacy (or dignity).

The #1 Number to Know For Small Businesses Seeking Financing

Jim Salters | Posted 09.24.2015 | Business
Jim Salters

Many small business owners begin their search for capital by seeking out financing options. However, they might be skipping an important step: knowing their business' credit score.

After Foreclosure the Boomerang Buyers Return

Anna Cuevas | Posted 09.22.2015 | Business
Anna Cuevas

Homeowners who lost their homes to foreclosure are making their reappearance into the housing industry.

8 Things You Never Knew About Debt Financing

Murray Newlands | Posted 08.18.2015 | Business
Murray Newlands

While you may assume the best and only route to launching and scaling up your startup is through funding from VCs or angels, or maybe even crowdfunding, there is still a lot to be said about debt financing. Yes, the money has to be paid back within a designated amount of time and often with interest.

Soft vs. Hard Inquiries: What's the Difference & How do They Affect Credit

Kari Luckett | Posted 08.03.2015 | Education
Kari Luckett

Having and maintaining an excellent FICO credit score can be the difference between getting approved or denied for a loan, and also influences your interest rates. There are several factors that can have positive or negative effects on a credit score.

4 Tips to Protect Seniors Against Fraud and Identity Theft

NextAdvisor.com | Posted 07.22.2016 | Fifty
NextAdvisor.com

Although most anyone can be a target of fraud and identity theft, senior identity theft is on the rise and those ages 50+ are often in the cross-hairs of scammers. The U.S. government is taking steps to help circumvent the high level of fraud aimed at seniors, but it can only do so much -- and progress in this area has been fairly slow.

The Millennial Mindset That's Setting Them Up for Financial Success

Adam Levin | Posted 07.09.2016 | Business
Adam Levin

Millennials are big on communication and DIY projects. While some say they are self-centered, or even self-obsessed, others point to their tendency for group-think and communitarian leanings.

Make July 4th Your Independence Day From Bad Credit or No Credit

Jeanne Kelly | Posted 07.02.2016 | Business
Jeanne Kelly

Once the 4th of July holiday rolls around the year is half over. But since I'm a glass-half-full-gal, I see it as a great time of the year to take stock and check in on how I'm doing with goal progress. I would encourage you to do the same. How are you doing on your financial goals for the year?