Never Miss a Payment (as reported by John Ulzheimer on mint.com)

One of the many myths about credit scores, and a dangerous one, is that missing just one payment won’t hurt you. When you miss a payment deadline, even for the first time, you risk a lower credit score. The best thing you can do is never miss a payment. But when that is not possible,… Read More

College Credit Tips (as reported by AJ Smith on finance.yahoo.com)

The old cliché practice makes perfect applies to healthy personal financial habits. And building credit, as well as understanding it, is no exception. College presents a great time for young adults and teens to start working towards a working knowledge of credit cards and the right ways to use them. AJ Smith, in this article,… Read More

Beware of Retail Cards (as reported by Blake Ellis on money.cnn.com)

Many retailers offer their own credit cards for frequent shoppers, but often times these cards are not all they seem to be. Many of them offer an introductory period during which you don’t get charged interest. This is to entice you to sign up and use them but after that introductory period is over, they… Read More

#buy it Now Using Social Media (as reported by Melody Warnick via creditcards.com)

 The financial services industry is always coming up with ways to make spending easier for consumers. The latest development by today’s tech entrepreneurs means that a person no longer needs their wallet to make a purchase. An impulse buy is as simple as writing #buy using your Twitter account. Backers of the technology, including AMEX,… Read More

The Truth About Credit Scores (as reported by Tisha Tolar on Moolanomy.Com)

Credit scores are important for a number of reasons. But for many of us, credit scores are confusing and difficult to understand. There are many myths about credit scores that you may have heard, but finding the truth about those myths is key to better understanding your credit history. One of the most common myths… Read More