Credit

Understanding how credit works can help you reach your dreams. Learn more here.

Is Layaway a Trend Worth Trying?

December 9, 2010 - Kristin - 0 comments

You’ve got your eye on a cool new computer, or maybe a designer outfit you’ve just got to have. And you’ve got the credit card — or cash borrowed from friends or family members, or at least the store’s financing offer — that you need to make these items yours. But will you... Continue reading »

Why Not Celebrate In The Black Friday?

November 16, 2010 - Kristin - 0 comments

If you’re like many Americans, by early November (or even as soon as the trick-or-treaters go back home on Halloween), you start to get excited about Thanksgiving. You might look forward to a big turkey dinner, an afternoon of football, or at least a chance to get the family... Continue reading »

Is an Auto Lease Right for You?

October 14, 2010 - Kristin - 0 comments

If you’re daydreaming about a flashy — or even just functional — new car, you are probably also daydreaming about not having to pay for it. Maybe you could win a car from Oprah, or on “The Price is Right.” Or maybe you could at least get a gently-used hand-me-down from a... Continue reading »

Maintaining a Healthy Credit Score

September 21, 2010 - Erika C. - 1 comment

Your credit score can make a huge difference in your finances, even if you aren’t about to buy a house. A good score can save hundreds of dollars on your auto insurance premiums, credit card interest rates and auto loan, in addition to your mortgage. A bad score can make it... Continue reading »

PITI: Understanding Your Mortgage Payment

September 9, 2010 - Kristin - 0 comments

That may be a big payment you’re making every month, but at least it’s not going to rent anymore. It’s going towards your home, right?   Well, not exactly. While it’s true that your mortgage payment is the payment on your home loan, this payment is actually made up of... Continue reading »

When Borrowing Goes Bad: How to Resolve Debt Issues with a Creditor

August 26, 2010 - Kristin - 0 comments

Your phone won’t stop ringing and you’re having nightmares about the nasally voice of the debt collector. You want to discuss charges you’re seeing on a loan that you have no memory of agreeing to, but the customer service agents just put you on hold until you hang up. Or you... Continue reading »

Payday Loans: A Payday for the Lender

August 17, 2010 - Kristin - 0 comments

The unexpected car repair. The phone bill for texting a little (or a lot) more than you thought you did. The rent that came due before you were ready. We’ve all experienced a financial moment or two we weren’t prepared for and had to think about our options.   One option... Continue reading »

What is FICO?

August 12, 2010 - Erika C. - 0 comments

FICO is a publicly-traded corporation that created the most widely used credit score model in the United States.   FICO scores are calculated statistically using information from a consumer's credit files. It provides a snapshot of risk that banks and other... Continue reading »