Here are five ways to get and maintain a great credit score.
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The New Rules About Medical Bills and Your Credit
By Lynnette Khalfani-Cox, The Money Coach®
If you’ve ever had big medical bills that you couldn’t immediately pay, you know how troubling and stressful that situation can be. Even worse: for many years, past due healthcare bills could wind up on your credit report if a doctor’s office, clinic or other medical facility reported your bill to a collection agency.
The Money Coach: How I Got Out of Debt and You Can Too
Meet the Money Coach
Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, television and radio personality, and the author of numerous books, including the New York Times best-seller “Zero Debt: The Ultimate Guide to Financial Freedom.” Lynnette once had $100,000 in credit card debt, but she paid it all off in three years and turned her financial life around. SchoolsFirst FCU is pleased to partner with her to provide financial education and advice exclusively for our Members. Continue reading
How to Make a Secured Card Work for You
If you crave the convenience of credit cards but worry about getting in over your head, a secured credit card may provide an unexpected solution. While they’ve developed a reputation as an option only for those who need to build or repair credit, secured credit cards offer some unique wider benefits worthy of a second look.
How Much Debt is Too Much?
Reprinted courtesy of SavvyMoney.
by Jean Chatzky
There’s a lid on the amount of debt you can comfortably take on, generally tied to your income. Too much, and you’ll quickly find yourself in a bind. Here’s how to land on your sweet spot.
SavvyMoney Minute: How Using Credit Affects Your Credit Score
You want to raise your credit score so you can get lower credit card interest rates, easier credit, even better job prospects? You need to understand “credit utilization.” It’s a simple ratio of how much credit you have versus how much you use, and it can make up to 20-30% of your credit score.
It’s a Money Thing: Boost Your Credit Score
Credit scores are an area of personal finance that seem a lot more mysterious than they actually are. Many people believe that improving them is a matter of trial and error and, as a result, there’s a lot of “credit score advice” floating around that can end up doing more harm than good. We’ve rounded up and bunked four common credit score myths.
It’s a Money Thing: What’s a Credit Score?
You’ve likely heard about credit scores before (thanks to all those commercials with terrible jingles), but what do you actually know about them? How long have they been around? And what’s the deal with checking them?
It’s a Money Thing: 4 Credit Score Myths Debunked
Credit scores are an area of personal finance that seem a lot more mysterious than they actually are. Many people believe that improving them is a matter of trial and error and, as a result, there’s a lot of “credit score advice” floating around that can end up doing more harm than good. Four common credit score myths have been rounded up and debunked below:
SavvyMoney Minute: Good vs. Bad Debt
Recent statistics show that average credit card debt per indebted household is just over $16,000. But it turns out some debt is good. It’s important you know the difference; for example, debt for a want, not a need, is bad debt.