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

How to Protect Your Credit During a Divorce

Divorce Can Be Expensive

Photo: EssG Divorce, whether nasty or amicable, can be an emotional roller coaster. It can be a financial roller coaster, as well. Not only can divorce hurt the finances of both parties, but it can be particularly difficult for the spouse who did not handle the money during the marriage. The good news is that […]

Published or Updated: April 3, 2014

How Late Payments Affect Your Credit Score

How Late Payments Affect Credit Scores

Photo: TheTruthAbout Late payments may be the bane of your credit score perfection, or they may just be part of your overall credit mediocrity. How late your payments are, how perfect your score is otherwise, and a host of other factors all play into how much a late payment (or multiple late payments) will affect […]

Published or Updated: April 3, 2014

A Simple Plan to Establish Credit for the First Time

As my children move into adulthood, the question of establishing credit for the first time is arising. Does a bank account affect your credit? Will a prepaid debit card establish credit? Should I get a credit card? As I work through these issues with my children, it seems like a good time to cover this […]

Published or Updated: March 13, 2014

A DIY Guide to Rebuilding Your Credit Score

Repairing Credit

You can rebuild your credit score by following a few simple steps Photo: 401(K) 2012 A reader named Amber e-mailed me recently and asked the following question about repairing her credit: I just settled all of my debt and got my credit score (not good) and printed off my credit reports. They all show that […]

Published or Updated: December 20, 2012

Free Credit Report – Sometimes You Get What You Pay For

Credit-Report-Excerpt

Sometimes I think Google has a sense of humor. I don’t know if the sense of humor is programmed into its search algorithm, added by Google’s search engineers, or just a fluke, but it’s definitely there. And a good example of it can be found if you search on the term “free credit report.” When […]

Published or Updated: October 13, 2012

How to Get Your Free Credit Score (with no credit card)

Quizzle

Not too long ago, the only way to get your free credit score was to sign up for a seven or 30-day trial. You had to enter your credit card, and if you forgot to cancel the membership, they started charging your card. Today there are several ways to get your credit score for free […]

Published or Updated: March 3, 2015

What Happens To Your Credit After a Divorce?

Divorce

Divorce is painful. In addition to the emotional and familial challenges, divorce can also affect your finances. And that brings us to a question I’ve heard from a number of people: How does divorce affect your credit? First the good news. Divorce itself does not have a direct effect on your credit, credit history or […]

Published or Updated: August 3, 2012