The VantageScore, which dictates the way credit bureaus — Experian, TransUnion and Equifax — determine your credit score, is going through a shake-up this fall. The company is looking deeper into specific circumstances and what they say about your financial responsibility. Having a favorable credit score comes into play when you need to qualify for […]

Encouraging my 18 year old to apply for a credit card seemed akin to encouraging him to run with the bulls in Pamplona. It’s dangerous for teenagers to have credit cards, right? They can go out and put anything on the credit card without any concept that they actually have to pay for the item […]

You need money — fast. Unless you have well-to-do (and generous) relatives or friends, your options are pretty much limited to taking out a personal loan or relying on a credit card. Which one is best for you will depend on a few things. What are the differences between personal loans and credit cards? A […]

These days debt can happen to anyone; medical bills, layoffs, inflation catching up with your paycheck, etc. Getting out of debt though can feel like being on a hamster wheel. You can spin all day and never get anywhere. Why? Because you’re making the minimum payment.

I came across this great information recently from TansUnion about the difference between a fraud alert and a credit freeze. I wanted to share it with you.