Credit Rating

With more and more information stored online, more bad guys are just a password away from our personal data. As hackers have stolen financial information from large corporations like Equifax, Yahoo and even the Internal Revenue Service, identity theft is on the rise. “Identity theft can trash your credit score because there’s the risk that
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Have you ever seen ads for “Get Rich Quick” books? We suspect the only person getting rich quickly is the author selling his book! Perhaps the first page of the book reads, “The secret to quick riches is to publish and sell a book on getting rich quick.” At MoneyTips, all of our eBooks filled
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Money or sex: which topic causes the most trouble within a relationship? A recently released Money Habits and Confessions Survey, conducted by Wakefield Research on behalf of LearnVest, suggests that the answer is… money. Finances were a greater source of relationship tension than sex, according to 68% of survey respondents. Incompatibility with finances can even
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Have you been frustrated over the last few years with an inability to get credit? A recent survey by the Federal Reserve of New York suggests that while credit may be loosening, your frustration may continue. Three times a year since October 2013, the New York Fed’s SCE Credit Access Survey assesses the state of
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Retirement represents a new stage in your life. It’s a time of change and opportunity. To make the most of your opportunities, you must make sure that one aspect of your life does not change – your good credit score. A recent survey by the credit bureau TransUnion found that over 30% of Baby Boomers
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If your credit score is in the low- to mid-600s, you have what is usually considered to be fair credit — not in the range where you have trouble getting personal loans at all, but in the range where finding a good interest rate and reasonable terms can be challenging. Whether you are experiencing a
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It’s bad enough when your day is derailed by an unexpected trip to the doctor, but it’s even worse when you can’t afford to pay the bill. Unfortunately, too many Americans find themselves in this position, according to a recent survey conducted by Ipsos for the healthcare transparency group Amino. The survey found that 37%
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It all looks so obvious in hindsight. Make a $500 deposit and your money will grow 18% in 10 days. You can receive a $1,500 loan by MoneyGram if you pay $170 for fees and insurance. A driveway sealer happens to be driving by and offers to coat your driveway for a low price. You
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Changes are coming to your credit report – and this time, those changes may work in your favor. Thanks to some background work by the three major credit bureaus (Experian, Equifax, and TransUnion), public records to be included in credit reports must meet higher standards. That action should result in a boost in credit scores
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Getting out of debt can be challenging, especially if you have little experience in managing your finances and need support. Using a counseling agency can be a great way to get debt relief. The agency can possibly negotiate reduced interest rates for you to pay back all your unsecured debt. You then make a single
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You have found the love of your life, but he or she is dealing with significant debt. The debt issue should be part of the overall financial discussion that every couple has – the smart ones, before they marry; the less-prepared ones as they fight about money that has already been spent. Finances are a
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Many people might believe that to get a good credit score, they need a checking account. For households conducting most of their financial transactions with money orders and prepaid cards, it might seem essential. But financial expert Jeff Richardson says that having a checking account isn’t necessary. Talking about the myth, Richardson said, “It’s probably
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Many businesses make use of credit cards for daily purchases, and some new small business owners even finance their entire business on credit cards in the beginning. A business can make use of various reward points and other perks to save money and build up its credit score, but there are some downsides to using
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