Should You Transfer Your Balance?

Should You Transfer Your Balance?  Credit Cards by Staff Writer Share Share Email Thinking about a balance transfer? You know showing a lower balance on your credit cards can help your credit score, but how can you really do that? Don’t you need to use your credit cards? Managing your credit utilization ratio can be […]

The Financial Moves We Should All Be Making in 2021

The Financial Moves We Should All Be Making in 2021 Credit Monitoring by David B. Coulter Share Share Email In 2020 we experienced the biggest economic contraction in history followed by economic growth at a staggering 7.4% from July to September. More than 20 million Americans lost their jobs, yet the stock market hit a […]

Should I Co-Sign?

Should I Co-Sign? Auto Loans by John Ulzheimer Share Share Email The following question was sent to me via Facebook.  If you’ve got a credit related question for me please submit it via Facebook or Twitter @johnulzheimer Q: Hey John, what’s up?  So check this out.  My brother asked me to co-sign for him for […]

CFPB Semi-annual Report on Consumer Complaints – Part 1

CFPB Semi-annual Report on Consumer Complaints – Part 1 Credit Cards by John Ulzheimer Share Share Email The Consumer Financial Protection Bureau (CFPB) started accepting consumer complaints in July 21, 2011. The Bureau was charged with protecting consumers against deceptive practices by the consumer financial services industry.  The first complaints were about credit cards; the […]

What Happens to My Credit If I Didn’t Pay My Taxes?

What Happens to My Credit If I Didn’t Pay My Taxes? Civil Penalty by John Ulzheimer Share Share Email April 15th, 2013…affectionately referred to as “tax day.”  Not only is today a Monday but it’s also the day we have to either file our tax returns or an extension. And for those of us who […]

How To Remove Late Payments From Your Credit Reports

How To Remove Late Payments From Your Credit Reports Credit for Beginners by David B. Coulter Share Share Email It can be done! Nobody’s perfect. In the case of late payments on your credit file, that minor imperfection can arise from past mistakes that you legitimately made, or it can manifest as a result of […]

Do The Credit Bureaus Determine My Credit Rating?

Do The Credit Bureaus Determine My Credit Rating? Bankruptcy by John Ulzheimer Share Share Email The three major credit bureaus in the U.S, compile credit information from many data providers including credit grantors such as banks, credit unions, finance companies, mortgage lenders, auto lenders, retailers and credit card issuers.  In addition, they compile information from […]

What If My Credit Limit Is Not Being Reported On My Credit Report?

What If My Credit Limit Is Not Being Reported On My Credit Report? Credit Cards by John Ulzheimer Share Share Email Your credit limit is the predetermined upper most boundary of your credit card spending capacity. So, if you’ve got a $10,000 credit limit that means you can charge up to $10,000 worth of products […]

What happens if my home is foreclosed?

What happens if my home is foreclosed? Credit Monitoring by John Ulzheimer Share Share Email Over the past five or so years Americans have had to become familiar with terms that we had never heard before.  We became familiar with loan modifications, short sales, and negative equity in our homes. Millions stopped paying their home […]