Category: News

3 Ways to Protect Your Child From Identity Theft

Is your child receiving a lot of credit card offers? It may be a red flag an identity thief has opened credit in your child’s name.

Identity theft is becoming a bigger problem in the United States. As technology becomes more sophisticated, hackers are finding more and better ways to steal our identities. And the theft isn’t limited to adults.


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How to clear mistakes from your credit report

Have you ever been horrified to discover errors on your credit report? Such inaccuracies can and should strike fear into any conscientious consumer’s heart because of their punishing consequences.

What consequences, you ask? Well, they can result in higher interest rates whenever you borrow money, and they can even affect your ability to qualify for credit, insurance, employment or rental housing.

To avoid such ominous scenarios, consider these tips for fixing mistakes on your credit report.


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10 Steps to Repair, Rebuild, and Protect Your Credit

Have you had one or more financial misfortunes over the past several years and now have a less than ideal credit score? If so, you’re certainly not alone. Credit scores have been one of the biggest victims of the financial crisis and the recession. Unfortunately, that number can determine not only whether you can get credit and what interest rates you’ll pay but they can also affect your insurance premiums and even your ability to get a job.

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How to Improve a Bad Credit History

Your history tells creditors about behaviors that can add up to a “good” or “bad” credit rating. Here are some questions lenders might ask that may help them understand your credit history:


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9 fast fixes for your credit scores

To improve your credit scores, it’s important to know where you stand now. You can get free credit reports once a year, but you typically have to pay to see your FICO scores. (You can get other credit scores for free at sites like Credit Karma, but these aren’t typically the scores lenders use.)



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Why your car insurance company might break up with you

If your car insurance company considers you a high-risk or deadbeat driver, it may break up with you by canceling your coverage. As with any relationship, it’s wise to know ahead of time what those deal-breakers are and how to get yourself back out on the market should you find yourself without auto insurance.


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Debit cards vs. credit cards

Putting something on “plastic” used to mean one thing—using your credit card.  But these days, debit cards are also a big part of the “plastic” world. Do you know the differences and which one is better for you?


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How to Dispute Your Debt with a Debt Collector

You’re contacted by a debt collector. You don’t agree that you owe that much — or anything at all! What to do next to save your credit from crashing?

Send the debt collector a letter disputing it within 30 days of the debt collector’s initial contact with you. After the debt collector receives your letter of dispute letter, he must either provide you with written proof of the debt or cease all communications with you.


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What Debt Collectors Can’t Do to Recover Your Debts

Knowing what debt collectors cannot do to collect a debt from you may help you deal with and protect you from their approaches to debt collection.

The Fair Debt Collection Practices Act (FDCPA) is the federal law that governs debt collection for personal, household, and family debts like your mortgage and car loan, other personal loans, your credit card debts, past-due utility bills, past-due student loans, medical and insurance debts, condo fees, unpaid legal judgments against you, and bounced checks. The FDCPA applies to outside debt collectors, but not to a creditor’s own in-house debt collectors (meaning debt collectors who are employees of a creditor).


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Sinking in Debt: How to Keep Your Head Above Water

When you search the web for “how to get out of debt?” It seems many have a secret recipe to doing it fast. A blitz occurs on your monitor with thousands of articles containing the secret, the five easy steps, the 30-second guide, or (my favorite one) “the real secret.” But if it’s so simple, then why are there still so many Americans drowning in debt?

My opinion? We are not approaching this debt issue the right way. I’ve been there before — time for a change! You are motivated to pay off all of your credit cards once and for all. You make a plan, you stick to it, and you do it. You are very proud of yourself and you finally have some extra money to breathe and not feel tight every month. But a couple years pass by and suddenly you find yourself in the same situation or worse than before.

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