How do you tell a relative to repay a loan without offending them? Is there a right way to use credit? Can you improve your credit score by taking out a loan? Those are just a few of the questions that have recently provoked interesting discussions within the Mint Answers community.
What you do with your money in your 20s, when you’re fresh out of school and establishing good credit, is very different from how you handle it in your 40s, when you’re planning for retirement and your kids’ college tuition. How to best manage your credit and finances? According to experts, it’s as easy as acting your age.
Dealing with your credit score can sometimes feel like an Aggravation, but if you’re taking a Risk with those three digits, you could find yourself hearing Sorry! Your credit score isn’t a game, but why not use some popular playing boards to illustrate valuable financial lessons and the money moves you can safely make in the game of Life.
The rules to join the credit elite — those with FICO scores of 800 or more — are simple. Make timely payments, keep your credit utilization up to about 25 to 35 percent of your available credit, and minimize credit inquiries.
These days, it’s not about who has the flashier designer clothes or the faster car – it’s about who has the higher credit score! That’s because the better your score, the better position you’re in to manage your financial future.
These days, many of us are doing some serious head scratching when it comes to credit scores, partly because there is a lot of false information swirling around. Read on as credit score myths are debunked, leaving you with the “real deal” credit information you need when purchasing a home or taking out an auto loan.
jackhynes Teaching Your Kids To Be Credit Score Savvy To prepare your children for successful financial futures, you open savings accounts, pay allowances, and teach them to spend wisely. And with financial institutions toppling all around us, the woes of...
Forget making changes to your credit card usage – it’s what you don’t do that can increase your credit score (or at least keep it from going south). Here are the 10 commandments of credit card usage that can keep your credit score high.
Just a few false moves, and in no time, your credit reputation starts to suffer. It doesn’t even need to be something extreme, either. Just a late bill payment here or a retail splurge there is all it takes. Woe to the consumers who make a few missteps in a row and find themselves slogging through suboptimal loans (high rates, high fees) the next time they’re shopping for credit.