credit

If you’re less than happy with your credit score, don’t worry- you’re not the only one. According to Experian, the average credit score in the United States is 681 and the national average debt is $27,887. This means a lot of poor credit scores and a lot of unhappy consumers. With a low credit score,…

When you are a teenager, and into your twenties, you will probably give little thought to your credit rating. You are likely to live with parents or in a rented property and have very few costs other than day-to-day bills and expenses. There comes a point however, when you need to think about the bigger…

I have been a member of Credit Sesame for a year now and find it a very useful service for tracking my credit. Credit Sesame recently announced the release of the first free credit monitoring service that compiles data from the largest U.S. credit bureau, Experian. The service tracks a consumers credit activity and sends…

Life after bankruptcy can be overwhelming. Not only do you have to deal with the emotional toll of bankruptcy itself, but you also have to work on the behaviors that got you there, all while trying to rebuild your credit. Luckily, re-establishing your credit is a matter of diligence—paying your bills on time and showing…

Earlier this fall, in the midst of looking for a rental property to purchase, I had the unpleasant discovery that there was an inaccuracy on my credit report: when my student loan was purchased last December by a bank named Mohela, Federal Direct Loans apparently neglected to report my loan as paid off, meaning my…

Your credit is a huge part of your financial well-being.  If your score is too bad, you will be denied a loan, and the better your credit score is the better interest rates you will get when you get a loan.  While the actual computation of how the FICO score is determined is quite complex,…