23 Resources for Anyone Considering Bankruptcy

Bankruptcy

Photo: StockMonkeys.com Bankruptcy is never a comfortable topic, particularly if you’re considering filing for bankruptcy. When the debts are piling up, and you can’t see a light at the end of the tunnel, bankruptcy can be a viable option. The key is to thoroughly understand the bankruptcy process, which debts you can and cannot take […]

Published or Updated: July 1, 2013

How Can Your Credit Report Affect Your Ability to Get Hired?

Credit

Photo: Andres Rueda Here’s one reason to pay attention to your credit history: potential employers may use it as part of a pre-employment background check. Under the Fair Credit Reporting Act, employers are allowed to request a copy of your credit report for employment screening. Here’s what you need to know about your credit report’s affect […]

Published or Updated: April 3, 2014

William Paid Review–How to Pay Rent with a Credit Card

William Paid Review

Recently, Dough Roller ran an article about how renters may be able to use their rent payments to boost credit. While this can help many renters build credit history just by doing what they’re already doing, the process can be a little complicated. Unless your landlord or rental management company uses Experian’s RentBureau system, your […]

Published or Updated: May 30, 2013

The Best Way to Get Your Credit Score

The undisputed best way to get your credit report comes from the only source that’s truly free: AnnualCreditReport.com. It’s easy and free because it’s guaranteed by law. Unfortunately for consumers, getting your credit score is not as easy as obtaining your free credit report. The world of credit scores is still a bit like the […]

Published or Updated: May 17, 2013

Why and How to Freeze Your Credit

Credit Freeze

Photo: Paalia With identity theft on the rise, more people are looking at ways to protect their identities. Options like identity theft protection and simple credit monitoring can certainly help. But what if you want to take more drastic measures? One drastic measure you can take is to freeze your credit. Basically, a credit freeze […]

Published or Updated: May 14, 2013

A College Student’s Guide to Building Credit

How College Students Should Build Credit

Whether you’re in college or just graduating, chances are you don’t have much credit history. And that’s not a bad thing. You haven’t needed credit up to this point, and this is the time when most people start worrying about things like credit scores and credit cards. But now that you’re in your 20s, it’s […]

Published or Updated: April 3, 2014

Does Paying Rent Improve Your Credit Score?

Renting an Apartment

Photo: sincerelyhiten Not too long ago, paying rent didn’t have much to do with your credit score. Not paying rent could (and still can) wreck your credit score. If you were behind enough to have your account sent to a collections agency, your past-due rent would likely be reported as negative information to the credit […]

Published or Updated: May 1, 2013

How Long Does It Take to Improve Your Credit

Time for fico credit score to recover

Photo: 401 (K) 2013 How long does it take to improve your credit? That’s a great question. Unfortunately, the answer is, “It depends.” It depends on what your credit score is now, and why. And it depends on how much you want to improve your credit score. Serious credit problems — foreclosures, collections records, etc. […]

Published or Updated: April 3, 2014

How to Correct an Error on Your Credit Report

Photo: 401(K) 2013

Even small errors on your credit report can cause big problems. A typo in your home address could make it difficult for you to pull a copy of your credit report, for instance. A larger error, such as a creditor misreporting your financial information, could cause more serious issues. This is why it’s essential that […]

Published or Updated: April 3, 2014