List/Grid Tag Archives: Personal Finance

Protect Your Financial Identity

Identity theft is a growing problem. You should consider taking a few steps in order to protect your identity when you shop online or even in person. I personally have had some things happen in the past happen to me where little pieces of my personal information were stolen, and yet a world of damage was done. Even the smallest amount of information can be a gold mine to someone who knows what they are doing with it. Thankfully, none of the damage that was created by this horrible stranger was long lasting, but it still was a pain to deal with. ...
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Considerations Before You Refinance

Theoretically it is a great time to refinance your home mortgage if you have a high mortgage interest rate. Theoretically, got that? Back in the day there was a prevailing myth that real estate prices always go up. Even Will Rogers said, “Buy Land, They ain’t making any more of the stuff”. And that is true, they ain’t making any more of the stuff (land, that is…still building a few houses, at least in my area) but unfortunately for many people they have learned the hard lesson that real estate prices don’t always go up and when ...
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Demystifying Four Credit Myths

There are many myths when it comes to your credit score and credit report. These myths will probably always float around in space somewhere, but if you are reading today’s post and read my blog, then hopefully we can demystify these credit score and credit report myths and make everyone just a little bit smarter today. Below are four common credit score and credit report myths that you may have heard of and even fallen for: 1. Does your job affect your credit? Your job and your income have absolutely no effect on your credit score. In fact, ...
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The Crazy Credit Catch-22

Remember Catch-22 and that “damned if you do, damned if you don’t” mentality? Well that is exactly how credit works these days. If you are responsible, pay off all your debts on time and live a relatively debt-free, all cash life, you can be penalized by mortgage companies when you want to purchase a home. or penalized by credit card companies if you want to get a credit card. This happens even if you are financially responsible and living completely within your means. Side note: If you are looking to increase your credit score, you can ...
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7 Tips To Avoid Identity Theft

If your identity is stolen it can wreak havoc on your credit report, your credit score and your financial life. Take a few precautions to avoid identity theft. Make sure that you practice safe banking, safe computing, and safe business practices. 1) Keep all of your account numbers and PIN numbers safe. Cover your account and PIN numbers when using debit at the store or especially at an ATM and refuse to give your PIN number to anyone. Avoid writing down your PIN and account numbers – you never know when this information could fall into the wrong ...
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Four Potential Credit Card Scams

When you’re working to perfect your credit, beware of potential scams that can hurt you along the way. With new technology that is always getting better and smarter you need to be careful of the offers that you take advantage of or they may take advantage of you. Do you need to pay for lower interest rates? NO! You do not have to pay for a lower interest rate on your cards. You can negotiate that yourself without a fee so if you get an offer for a lower rate and all you have to do is pay this upfront fee, be wary. Be especially careful if ...
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Your Credit Rating and Bankruptcy

There is a prevalent myth out there that bankruptcy is bad, really bad. Not to say that bankruptcy is good (of course it is not) but how bad is it really? The truth is that once you file bankruptcy, it can remain on your credit report for up to 7 years and 10 years in certain instances. According to FreeCreditScore: “Chapter 13 bankruptcy will remain on the credit report for seven years from the filing date. Under Chapter 7 bankruptcy, a person does not repay any of the debts included in the filing. Chapter 7 bankruptcy remains on the credit ...
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Fundamental Recommendations For Credit Repair

A high credit score is crucial for your financial life. In order to get any type of credit you need to have a good credit score. A good credit score will affect the interest rate that you get as well as whether you can even get the credit at all. Credit repair may be challenging but it can be accomplished. Many people have overcome difficulties in the past and it is necessary for many to repair their credit. If you have inaccurate or erroneous credit on your report you can issue disputes to get it removed. You can do this yourself or you can get ...
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