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MoneyUnder30.com

Build Credit by Paying Rent

Want to build credit? You have to borrow money, right? Maybe not anymore. Last week, I wrote that not building credit soon enough ranks among 20-somethings’ biggest financial mistakes. You think you’re smart to avoid debt only to get stuck a few … [Read more...]

New to Credit? Five Ways to Speed up Building a Good Credit Score

Anyone whose tried to get a loan with a weak credit history knows that even an excellent credit score will only get you so far with lenders. That myth your uncle told you about signing up for a credit card, using it once, paying it off and letting … [Read more...]

Q&A: Can I Fix Old Unpaid Or Charged Off Accounts On My Credit Report?

Q. I recently checked my credit reports and learned that they were reporting an old credit card as unpaid. Years ago, this account was charged of and had gone into collections. I eventually paid it off. I disputed this information with the credit … [Read more...]

Credit Sesame Review: A Free Tool for Improving Your Credit

Credit Sesame is new service providing free credit score tracking and ways to organize your existing debts so you can identify opportunities to pay them off faster. It's like Credit Karma meets Debt Goal meets LendingTree. Credit Sesame gives … [Read more...]

Good Credit Matters: How to Understand and Improve Your Credit Score

If I had to fit this post on the back of a napkin, this is what it would look like. The keys to a good credit score are paying your bills on time, having a mix of accounts (credit cards and loans), and keeping accounts in good standing for many y … [Read more...]

Do It Yourself Credit Repair: 6 Steps To Recover From Bad Credit

If you’ve had an overdue student loan, years of high credit card balances or even a foreclosure, you probably have a low credit score, which can cost you a bundle if you ever want new credit. With poor credit, you may simply not be able to get m … [Read more...]

Credit Scores Scare Me

I just turned off the TV. Why? There was an ad on about a furry, man-eating, house-soiling credit score run amuck. This is the stuff of nightmares. Most of us reading here bought what our parents and teachers sold to us all through … [Read more...]

Paying Off an Auto Loan Is Bad For Your Credit Score!?

Dave Ramsey tells people that FICO scores aren’t credit scores; they’re “I love debt” scores. Case in point: Last week, I paid off my auto loan. This week, my FICO score dropped 60 points. Sixty! There have been no other changes to my credit report. … [Read more...]

Beware Free Credit Score Ads

Have you already noticed that all the annoying TV ads for FreeCreditReport.com are now for FreeCreditScore.com? That’s because as of April 2, the U.S. Federal Trade Commission (FTC) now requires companies claiming to offer free credit reports to i … [Read more...]

How To Calculate Your Monthly Payment

Have a student loan, home loan, or personal loan? Have you ever wondered exactly how your lender calculated your monthly payment on the day you accepted the money? Sure, there are interest calculators and other available resources online to help you … [Read more...]