Employers Look at Credit Reports | Ludicrous or Smart Business?

“I’m sorry, Mr. Ford, but we are going to be unable to hire you because of some negative activity on your credit report.” I think if I ever heard those words, I would cry foul. I’ve previously said that your credit score matters, but I’m only just starting to learn about how important they can be. Your Employer May Look at Your Credit Report The Wall Street Journal reports that 1 in 6 … [Read more...]

50 Personal Finance Questions |Get Help Setting the Right Financial Goals

I think everyone would be well served by breaking their lives into major categories and assigning goals for each category.  Fortunately, finances are one thing that already often get included in New Years Resolutions. To kick start the process, I’m going to ask you a lot of questions.  If you hesitate, put an * by that question and go back to it.  Spend some time thinking about and researching … [Read more...]

The Basics of a Credit Report

Understanding what's in your credit report can help you improve your credit rating, lower the costs of borrowing, and fix any mistakes on your report. This post will help you understand the very basics of credit reports: what's in your credit report, who can look at it, how often you should look at it, and how it's created. Once you know these basics, you'll be ready to start improving your … [Read more...]

A Good Credit Score | Do You Buck the System or Play the Game?

Recently my interest in credit scores has been peaked.  I’ve done a little writing around the web on the topic, but not much here. How does applying for multiple credit cards impact your credit score? To be perfectly honest, up until two years ago everything I learned about credit scores came from one source, Dave Ramsey, and he doesn’t exactly have the heart of a teacher when it come to … [Read more...]

Credit Card Debt Problem? Essential Resources to Beat Credit Card Debt

Want to guess why Wal-mart is so popular?  One stop shopping.  People like going to one place to get everything.  That’s how valuable our time is. When I started to put together an article on credit card debt problems that so many people face, I decided to put all of my best ideas and thoughts down on paper and then collect other articles related to credit card debt so that you could use this … [Read more...]

FICO Score Matters: Sorry, Dave Ramsey

I’ve never spent much time trying to understand my FICO score.  I guess I’ve always just accepted Dave Ramsey's sentiment that FICO is evil.  However, the truth is that your credit score does matter, and I believe it will become more important in the future. Bad Advice: Borrow Money To Improve Your FICO Score This is the type of advice that people like Dave Ramsey hate.  And, rightfully so.  … [Read more...]