If you are a regular reader of my blog, you'll know that one of the steps I recommend to rebuilding credit is to use credit cards. It's a smart, easy way to wisely develop good credit history -- but emphasis is on "wisely."
For years there's been an ongoing debate about accuracy of credit reports. Various studies have claimed that 3 to 25 percent of reports contain errors. Can credit report errors be a big deal? Yes, absolutely.
Your credit health is kind of like your physical health -- there's no fast lane to a perfect credit score or perfect health; it's a long-term journey. But just like you can make healthy diet and exercise choices today, you can do the same for your credit.
When it comes to making New Year's resolutions, getting into good shape financially ranks right up there with losing weight and eating healthier. All three goals require discipline and planning. Here are a few suggestions for better managing your personal finances in the New Year.
When it comes to holiday weight, a few poor choices over Christmas can lead to weeks or even months of unpleasant hardship, and it's exactly the same with the debt that you can incur over this holiday season.
It's hard to believe it's almost 2013. I actually love the end of the year because I adore the holiday festivities. But, believe it or not, I also look forward to the credit housekeeping chores I do every December.
I then contacted TransUnion's corporate office and got in touch with someone who understood what was clearly obvious. The matter was resolved a week later. Kind of. My credit score increased to nearly 800. But the false judgment remained on my credit report.
If you finish December with your credit cards at only 20 percent of their maximum limit, you've given yourself a gift that will keep on giving all year long -- in the form of good credit for approved loans and lower interest rates.
If you are job-hunting now or thinking about looking for a job next year, or if you are in a job that pulls credit reports, do your career a favor and take some time to look at your credit reports right now.
In the weeks leading up to the election, we've seen a lot of press coverage -- both good and bad -- about each of the candidates. Obama's and Romney's campaigns can actually teach us some lessons about credit.
There is nothing wrong with credit agencies making a profit. They are private businesses. Yet without adequate oversight, these agencies have little incentive to ensure the accuracy of consumer credit reports.
If you've got a recent high school graduate who's getting ready to head off to college or join the workforce, let me share a few lessons I learned the hard way about managing personal finances that you can pass along to your kids.