What’s an “Open” Account and how are they scored?

What’s an “Open” Account and how are they scored? Credit Cards by John Ulzheimer Share Share Email Open, closed, usable, not usable…an Open account simply means it’s not “closed”, right?  Nope, it sure doesn’t. An Open account is a specifically designated account type rather than the status of a revolving credit card account.

Missed House Payments and Evictions: How Do They Affect Credit Scores?

Missed House Payments and Evictions: How Do They Affect Credit Scores? Credit Score by David B. Coulter Share Share Email Many households across the nation continue to face economic uncertainty, so what are the short and long-term effects of missing a rent or mortgage payment? Can an eviction or a missed mortgage payment affect a […]

Budgeting for Kids: Do They Need a Savings Account?

Budgeting for Kids: Do They Need a Savings Account? Credit for Beginners by David B. Coulter Share Share Email Opening up a kids savings account for your children and teaching them how to budget can help ensure success for your children’s financial future and hopefully stability for your own retirement as well. Most parents would […]