I frequently write about ways you can improve your credit score, so this post may appear hypocritical. But I'm seeing so many people obsess about their FICO score and other credit scores these days and, quite frankly, I don't think it's healthy. … [Read more...]
Cancelling Credit Cards: What Would You Do?
May 7, 2009 By
Here's another reader question about canceling credit cards: I recently paid off the last of my credit card debt so all I owe now is a small student loan and my car payment both of which will be done in less than three years. My wife are in the … [Read more...]
Social Lending Networks Compared
April 6, 2009 By
If you, like most Americans, are fed up with the banking system, then social lending might be for you. I believe social lending is the way of the future for both borrowers and investors. And today, when bank savings rates are tiny, the stock market … [Read more...]
Beware Credit Cards That Do Not Report Your Credit Limit to Credit Bureaus
March 27, 2009 By
Most credit cards report several pieces of information to the three credit bureaus: Your payment history, your current balance, and your card’s credit limit. That last one is important because a big part of your credit score is based upon how much … [Read more...]
More About Closing Credit Card Accounts and Your FICO Score
March 26, 2009 By
One of the most common questions I receive via my contact form is: “Can I close old, unused credit card accounts without hurting my credit score?” Most often, the answer is no. Here’s why. … [Read more...]
Are Joint Credit Card Accounts a Good Idea?
March 18, 2009 By
When I asked readers how you split expenses with your partner or spouse, a few responded that they maintained separate checking accounts but shared a joint credit card account for monthly purchases like groceries and utilities. I recently started … [Read more...]
Pertuity Direct Review
March 17, 2009 By
Pertuity Direct is a new social lending site where consumers can lend and borrow money directly without the involvement of a traditional bank. In this Pertuity Direct review, I'll take a look at some of the features and explain how Pertuity compares … [Read more...]
Use the Credit Crunch to Improve Your Credit Score
March 17, 2009 By
For the foreseeable future, new credit will be increasingly difficult to obtain. Whether your goal is a new credit card, auto loan, or a mortgage, you may have to wait until credit markets improve, you improve your credit score to an excellent … [Read more...]
Identity Theft Growing in Recession: Protect Yourself
March 10, 2009 By
When times get tough most of us clip coupons, take on second job, and lean on friends and family. Some, however, turn to crime. And in our digital age, that crime is less likely to be petty robbery and more likely to be identity theft. Reports of … [Read more...]
American Express Will Pay $300 for Closing Your Credit Card Account
February 24, 2009 By
Now here's a twist on credit card promotions: American Express is offering to pay certain cardmembers $300 (on a prepaid debit card) if they pay off their balance before April 30, 2009 and close their credit card account. To take advantage, you must … [Read more...]
I'm David Weliver. At 26, I had NO savings and NO financial plan. I was maxed out, stressed out, and fed up. Then, I changed. I repaid $80k of debt, tripled my income, and bought a home. I'll show you how to get similar results. 