5 Factors to Consider Before Using a HELOC for Your Emergency Fund

A reader named Brian asks whether it’s a sound move to use a home equity line of credit as an emergency fund: Rob, I enjoy your podcast, and I have great respect for your approach to personal finance. The 31-Day Money Challenge actually had me looking forward to my daily commute. I have a simple […]

Published or Updated: April 15, 2014

Credit Score Piggybacking Survival Guide

Credit Score Piggybacking

Getting the ball rolling when building (or rebuilding) credit is a classic catch-22. You need credit to build credit. If you have absolutely no credit history – or if you have a bottomed-out credit score – then lenders are less likely to extend the credit you need to start building your FICO score. You may […]

Published or Updated: March 17, 2014

DR 042: A Complete Guide to Hard and Soft Pull Credit Inquiries

question mark twn

Podcast: Play in new window | Download | EmbedThe formula thet generates a FICO credit score is made up of several components. Some of these components you would expect to see, such as paying your bills on time. But there is one component that takes a lot of people by surprise: credit inquires. A credit […]

Published or Updated: April 1, 2014

DR 018: Interview with Experian Credit Expert, Maxine Sweet

Credit Reports

Podcast: Play in new window | Download | EmbedThis is the eleventh day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at credit score basics. In today’s podcast, we welcome to the show Experian’s credit expert, Maxine Sweet. […]

Published or Updated: January 13, 2014

DR 017: Credit Scores 101

Credit Scores

Podcast: Play in new window | Download | EmbedThis is the tenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday I answered reader questions on everything from timeshares to social security. In today’s podcast, we look at the importance […]

Published or Updated: January 13, 2014

3 Ways Re-Adjusting Your Budget Can Boost Your Credit

Credit

Budgeting helps you track your spending, save for retirement, and stay aware of your overall financial standing. But did you know it could also lead to new financial habits that can help boost your credit? Check out these ways re-adjusting your budget can up your score. 1. Lower your utilization ratio Your credit utilization ratio […]

Published or Updated: December 24, 2013

What are FAKO Credit Scores And How Do They Stack Up to FICO Scores?

Free FICO Score

One of the most important aspects of your finances is your credit score. This three-digit number sets the tone when you apply for loans, determining whether you are approved and what terms you can expect. On top of that, some insurers use your credit score to set your premium payments, and some landlords ask for […]

Published or Updated: December 12, 2013

DR 002: How to Improve Your FICO Score with Credit Expert Tom Quinn

Dough Roller Podcast--Veterans Day

Podcast: Play in new window | Download | EmbedCredit scores and reports are as confusing as they are important. Since 2007 when Dough Roller launched, I’ve fielded hundreds of questions about credit reports and scores. What I’ve learned is just how much misinformation is out there about how FICO and credit reports actually work. So […]

Published or Updated: November 24, 2013

FICO Introduces New Way to Get Your Credit Score Totally Free

Free FICO Score

If you’ve recently tried to pull your own credit score, you know that it can get expensive. On the myFICO.com website, copies of your FICO score can cost anywhere from $19.95 to $54.85, depending on whether or not you want to see separate scores from all three major credit bureaus. Since FICO is the score […]

Published or Updated: November 7, 2013