Getting Rewarded for Good Grades

Were you ever paid for good grades when you were a kid? I was reminded of my elementary years when I read about the good grades reward program that Discover is offering to students. When I was a kid I didn’t have many ways to earn money so the $5 an A that my parents […]

Your FICO Credit Score for free from Discover

You’ve probably seen the Discover commercials where a person finds their credit score on their statement and calls in to ask about the new score on their bill. It makes sense that credit card companies would make this available to their customers; I’m surprised that more of them don’t. Now that Discover and a few […]

How to Improve Your Credit Score by Focusing on Payment History and Reducing Credit Card Debt

One of the things that many consumers are obsessed with today is a better credit score. After all, your credit score influences more than whether or not you qualify for a mortgage, or whether you get the best interest rate on an auto loan. Your credit score can also impact the insurance premium you pay, […]

What to Do if You’re Declined for Credit

Being declined for credit is no fun. It can be demoralizing, whether you are being turned down for a credit card, a car loan, or a mortgage. Here is what to do if you have been turned down for credit: Find Out Why You Were Turned Down When you are denied credit, the creditor has […]

4 Mistakes That Can Drag Down Your Credit Score

Credit scoring has become big business. There are a number of scoring algorithms that can impact the way financial service providers see you. Your credit score influences decisions about whether or not you should get a loan, as well as whether or not you should have favorable terms when you are approved for a loan. […]

How to Borrow Money if You’re Bankrupt

One of the most difficult situations to overcome is bankruptcy. When you declare bankruptcy, it can be difficult to recover – and to convince creditors to lend to you again. While it might be difficult to find lenders after you file for bankruptcy, it is possible to borrow money even in this dire situation. Getting […]

Improve Your Credit Score in 5 Simple Steps

Improving your credit score can be simple if you know what steps to follow. If you have poor credit, bad credit, or simply want to improve your credit score, there are specific steps you can take to make it happen. Your credit score is computed mainly using: Payment history Type of credit you have Length […]

What is the Difference Between a Credit Report and a Credit Score?

Whether you are buying a home or looking for a quote on your auto insurance, chances are that someone is going to be checking your credit. Sometimes this means looking at your credit report, and sometimes it means looking at your credit score. Sometimes it means looking at both. It’s easy to get a little mixed […]

4 Reasons to Keep Tabs on Your Credit Report

You probably understand how important your credit report is. You know that it’s a record of your credit activities, and that it’s used to establish your credit score, and that others look to your credit report for information about how fiscally responsible you are likely to be. However, even if you understand the importance of […]

Home Equity Loans vs Home Equity Lines of Credit

Your home equity is the market value of your property minus the amount you own on your home loan. Home equity is typically built up over time through your principal payments and real estate appreciation. During periods when home prices are appreciating quickly your home equity will likely increase but in years when the market is […]

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