Ed DeShields, the inventor of a consumer credit score called the CE Score, shares some secrets of credit scoring, why he created the CE credit score and what all consumers should know about credit scores and the credit industry.
Tag: credit management
Welcome to Quizzle’s Top Money Tips Roundup, where you’ll find this week’s top five most interesting, helpful and unique personal finance articles from around the Web. This week’s edition covers debt – how to get out of debt, how to break the debt-cycle, how to avoid getting into debt in the first place and how to wrap up your year financially.
Welcome to Quizzle’s Top Money Tips Roundup, where you’ll find this week’s top five most interesting, helpful and unique personal finance articles from around the Web. This week’s edition covers how to keep up your smart financial habits (and get rid of the bad ones), things you should never do with your credit card, shameless debit card ploys, freebies for the holidays and fun, frugal activities to do at home.
Your credit score has never been so important. Lenders will check your credit score to determine whether or not you qualify for a new line of credit. Before lending you money, creditors want to know how risky you are as a borrower and how likely you are to pay back a loan on time. A tarnished credit score can be both stressful and costly. If you have already hurt your credit score with some wrong financial moves, then read on to learn about credit repair.
Let’s face it, we’ve all been there. You’ve enjoyed a fun and indulgent spending spree, and yes, you charged everything to your credit card. One month and many blissful purchases later, you find yourself facing a huge credit card bill. You don’t have the money to pay for it, so you pay the minimum balance due. This is dangerous, and in many cases, can cost you your credit score – and ultimately your financial future. Find out how to redeem yourself – and your credit score – after a spending spree.
When Jennifer and Rob came to my office, they were desperate and despondent. With three young children and a boatload of credit card debt, they felt they were helpless to improve their life. They had tried to change their free-spending ways, but felt like failures, adrift, fighting against the current of continual financial stress. If you’ve ever felt the weight of financial stress, try the GAT method before money ruins your life. Certified Financial Planner®, Tammy Kraig, explains how this works.
New credit card rules are limiting how credit card companies have traditionally earned their bread, forcing them to come up with new ways to charge consumers. Find out what fees and charges you can expect with your credit card and learn what your rights are.
It may sound silly (or unfair, whichever way you look at it), but more often than not bad credit is having an impact well beyond high interest rates and unapproved credit and loan applications. Credit card debt and a poor credit score can make things like finding a job or a home extremely difficult. Your landlord and your employer were probably all up in your credit score and report at one time or another.
One of the most common and detrimental errors that consumers make in regard to their credit score may also be the most innocent mistake of all. Without even realizing that they are doing anything wrong, millions of Americans each year inadvertently sink their credit scores by a significant amount just by applying for credit cards and loans.
Whether you’ve heard it on the news or tried to obtain a mortgage or other type of loan recently, you know that the landscape of the lending environment has changed drastically than it was even one year ago. Even borrowers with high credit scores have run up against obstacles preventing them from obtaining a mortgage to buy or refinance a home.
Credit has its fair share of myths, legends and misinformation. Pile on top the proprietary nature of credit scores, the…