Comparison of Layway Plans from 5 Major Retailers

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Photo: Irargerch Is layaway smart? According to Senator Charles Schumer (NY) layaway programs are deceptive and misleading. Senator Schumer is prepared to take on layaway programs with the same force that he used to take on the credit card companies. Schumer is the one who put the legislation in place that now requires credit card […]

Published or Updated: December 16, 2011

Get A Totally Free Credit Score from Credit Sesame

Credit Sesame

It wasn’t until a few years ago that a consumer could obtain their credit score without entering their credit card information.  Most credit monitoring services would offer a “free trial”, ready to charge the day after the trial expires.  Now, anyone can obtain their  Experian credit score for free, without entering payment information by signing […]

Published or Updated: December 20, 2011

Credit Reports vs. Credit Scores: Do You Know the Difference?

Credit Report Versus Credit Score

Last week I helped a family member get a copy of their credit report and credit score. One thing they found confusing was just what the difference was between the two. Contrary to what many believe, a credit report and a credit score are not one and the same. While they are variations on your […]

Published or Updated: March 11, 2014

How an Unpaid Traffic Ticket Can Wreck Your Credit Score

Credit Score and Mortgage Rates

So you have an unpaid traffic ticket. That’s not the crime of the century. But based on an article I read this week in the Washington Post, it could have significant ramifications for your credit score. And yes, it could cost you $65,738 or more in extra interest payments. Here’s the deal. Ashley Halsey III […]

Published or Updated: November 2, 2011

Triple Credit Report and Score from Privacy Guard for $1

Privacy Guard Square

Free credit reports are nothing new. But as we’ve have written before, while you can get your free report at AnnualCreditReport.com, it won’t come with your credit score.  A company called Privacy Guard, however, just launched a 30-day trial for $1 that allows users to check their triple credit report and score. So I decided […]

Published or Updated: November 26, 2011

What Credit Score do You Need to Buy a Home?

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When it comes to mortgages and credit scores, there are two really important questions to ask: What credit score do I need to qualify for a mortgage? What credit score do I need to get the lowest interest rate on a mortgage? These different but related questions are important if you are looking to buy […]

Published or Updated: January 3, 2013

What is the Range of Credit Scores?

FICO Score Range

When I went to law school, the grading scale was bizarre. Unlike the normal 0 to 100 range, where say 90 to 100 was an A, the highest mark you could get was a 92. An ‘A’ ranged from an 86 to 92. A ‘B’ was an 80 to an 85. And this reminds me […]

Published or Updated: September 8, 2011

All About Credit Scores

Here’s an impossible question to answer–What’s my credit score? The reason nobody can answer that question is because we all have more than one score. In fact, we have many, many credit scores. Here’s another impossible question to answer–What’s my FICO credit score? Surely there is just one FICO score for each of us, right? […]

Published or Updated: March 7, 2014

What is the Average Credit Score?

Average Credit Score

The desire to know what your credit score is in comparison to the national average may be fueled by an innate interest to understand where you fall in comparison to others or it may be motivated to understand what it takes to qualify for a loan. As we’ve written before, all credit scores range from […]

Published or Updated: August 3, 2011