Protect Your Credit, Understand the Risks

Finding out about your outstanding credit lines and checking your credit report regularly has become even more important than ever. By regularly checking your credit report, you are able to verify outstanding credit lines and balances as well as the information about your payment history to those credit lines. In most cases, the new advice is to not close old credit lines because this might damage your credit score. This is because a portion of the score is calculated based on the age of the credit history and removing older, unused credit lines from your credit report can actually hurt you as the age of your credit report is lessened by dropping old histories off the report.

Written by Jed Pittman on October 22nd, 2007 with 1 comment.
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Financial Issues For College Age Students (part 2)

Now you know about the issues that college students face: increasing student loan debt, inflation, lower salaries and increasing health care costs, there are some excellent things students can do to prepare themselves in advance to meet these changes.

Written by Jed Pittman on October 8th, 2007 with no comments.
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Your Credit Questions Answered at Credit Demystified

Most of you probably already know that without “credit” it is almost impossible for you to buy things like cars, houses, boats or other expensive, big-ticket items. Your credit play a big part in your home loan rates, credit card rates, personal loans and so much more. If you don’t know about credit, then it may be difficult for you to know about the rest of your financial picture. Are you ready for some simple answers to those complicated credit questions!?

Written by Tim Schroeder on April 1st, 2007 with no comments.
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Compound Interest Works Against You

Practical Advice for People with Debt:

Written by Jed Pittman on October 18th, 2006 with no comments.
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Navigating the Consolidation Frenzy

For most ex-college students, student loans are a fact of life. Personally, I graduated with the joy of knowing that I had 3 student loans. Together they totaled close to 35,000 dollars. Monthly, I was spending close to 300 monthly on my loans and opted for a graduated plan when I consolidated at 5.5% about 5 years ago once I got out of school.

Written by Jed Pittman on September 28th, 2006 with no comments.
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Reward Credit Cards - Do’s and Don’ts

My wife pointed out a great article in the August 2006 issue of Parent’s Magazine about how to “Cash in on Credit Cards” with reward cards. I’m glad she pointed it out because I never read that magazine personally (it’s probably more of a Mom thing). The article points out several recommended reward credit cards in which I’ll get to in another article. In this article I want to share with some of their recommended reward card do’s and don’ts…

Written by Tim Schroeder on July 14th, 2006 with no comments.
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Frequent Flyer Programs – Can They Benefit the Casual Traveler?

No doubt you have heard of frequent flyer programs that are offered by almost all of the major airlines. Promises of free tickets and upgraded service are the main drawing points these programs use to get you to sign up in hopes that you will use their airline exclusively for all your travel needs. What they fail to tell you though is that unless you travel on a monthly basis on long journeys the free tickets and upgrades will be only a pipe dream. So the question becomes can programs such as this benefit the casual traveler?

Written by Robert on June 13th, 2006 with no comments.
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Avoiding Bank & Credit Card Fees

Did you know that after one late credit card payment the average family will pay an extra $1,129 per year in higher interest and fees? In this article I will go over some common bank and credit card fees and what to do to avoid them.

Written by Tim Schroeder on May 25th, 2006 with 1 comment.
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Paying Down Credit Card Debt, $1 at a Time

The average American household has more than $8,000 in credit card debt. Making the minimum payment of around $230 on that debt each month would mean you could end up spending over 13 years paying down that debt. Of course that doesn’t take into account the nearly $3,000 in interest charges you will rack up as you pay the debt down either.

Written by Robert on May 2nd, 2006 with no comments.
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How to Repair Bad Credit

Credit is a very important aspect of your finances. If you have late payments, high debt or charge offs, this will make your credit score decrease. Bad credit will ruin the chances you have for getting a home, auto or other kind of loan when you could need it the most. If you have bad credit it is important to start repairing it as soon as possible to be able to rebuild your ability to purchase on credit.

Written by KerriI on April 24th, 2006 with 1 comment.
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