Credit Rating

Given all the data breaches and hacks these days, it’s best to assume that your personal data has already been exposed and is in the hands of criminals – either preparing to sell your data to other criminals or planning to use it themselves. However, there’s more to good identity hygiene than just protecting your
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Do you ever feel like you are drowning in debt? Have you ever considered simply not paying your debts? What’s the worst that can happen if you refused to pay them back? Unless you owe that debt to the “unregulated” end of the high-risk loan market, nobody named Vito is going to show up and
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Thanks to large-scale hacks such as the Equifax and Yahoo breaches, identity thieves have no shortage of information to use in their criminal pursuits. Is your information among them? “Identity theft can trash your credit score because there’s the risk that somebody takes your name, your Social Security number, and your solid credit rating, goes
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Western Union has served as a reliable method for rapidly sending money over long distances since the late 1800s. Once known for telegraphs, it currently offers services to more than 200 countries across the globe. Unfortunately, Western Union is frequently used by scammers, thanks to convenience, speed, and limited means of recovery for fraudulent transactions.
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Have you ever made payments only using your voice? Most people have at least given their credit card number out over the phone or have used automated phone payment menus – although the latter often leaves people shouting “REPRESENTATIVE!!!” at their phone attempting to interface with a human being. Significant advancements in voice recognition technology
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Credit scores are somewhat like IRS tax codes: we know they’re important; few folks fully understand them; and failing to successfully deal with either can cost you a lot of money. While most of the factors determining your credit scores, such as payment history, number of open accounts, and type of accounts, take months or
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What’s the best time of the year to rent a home? That depends on what factors are important to you, and how much time you have to act. People don’t always have the luxury of taking their time in renting a house or apartment. They often have to assess a market in a fairly short
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It’s that time of year when the leaves change colors, pumpkin flavoring is crammed into everything imaginable (who needs Eye Drops with Pumpkin Spice?), and scary things come out on Halloween – but will you open your door on October 31 and be confronted by anything scarier than these hair-raising financial horror stories? They Stole
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Where do lower-income Americans turn when faced with immediate bills and no money with which to pay them? Most turn to the payday loan industry, which offers short-term loans in exchange for fees and high interest rates. These loans are generally $500 or less and are called “payday” loans because the borrower is expected to
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Beware of KRACK KRACK Attack? Is that the name of a new video game, dance craze, or rock band? Unfortunately, it’s none of those things – it’s the acronym for a new path identity thieves have to steal your personal information. KRACK stands for Key Reinstallation AttaCK. It’s a recently discovered systemic vulnerability in wireless
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How well do you know what happened during the recent Equifax data breach? Take this simple quiz to find out. Then learn what you can to do to protect yourself. 1. The software patch apparently needed to prevent the massive data hack was issued… A. The day Equifax announced the breach B. The day
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Has your rental application just been rejected? Determined to make lemonade out of lemons, you resolve to find out why you were rejected and change the situation so that your next application is approved. Assuming that you filled out the application correctly and made no obvious mistakes such as bringing your pet rattlesnake or a
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Normally you are on time with your payments, but somehow you managed to miss one this month. What are the consequences of a missed payment, and how do you minimize their effects? Missing a single credit card payment may not seem like a big deal, but, as Matt Schulz, Senior Industry Analyst at CredtiCards.com observes,
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It’s tough living on the lower end of the credit score scale. If you have a credit score below 640 or so, you are generally given “subprime” lending offers for any form of credit that you request. From credit cards to auto loans and mortgages, you will be hit with higher interest rates and potentially
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With more and more information stored online, more bad guys are just a password away from our personal data. As hackers have stolen financial information from large corporations like Equifax, Yahoo and even the Internal Revenue Service, identity theft is on the rise. “Identity theft can trash your credit score because there’s the risk that
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Have you ever seen ads for “Get Rich Quick” books? We suspect the only person getting rich quickly is the author selling his book! Perhaps the first page of the book reads, “The secret to quick riches is to publish and sell a book on getting rich quick.” At MoneyTips, all of our eBooks filled
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Money or sex: which topic causes the most trouble within a relationship? A recently released Money Habits and Confessions Survey, conducted by Wakefield Research on behalf of LearnVest, suggests that the answer is… money. Finances were a greater source of relationship tension than sex, according to 68% of survey respondents. Incompatibility with finances can even
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Have you been frustrated over the last few years with an inability to get credit? A recent survey by the Federal Reserve of New York suggests that while credit may be loosening, your frustration may continue. Three times a year since October 2013, the New York Fed’s SCE Credit Access Survey assesses the state of
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If your credit score is in the low- to mid-600s, you have what is usually considered to be fair credit — not in the range where you have trouble getting personal loans at all, but in the range where finding a good interest rate and reasonable terms can be challenging. Whether you are experiencing a
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It’s bad enough when your day is derailed by an unexpected trip to the doctor, but it’s even worse when you can’t afford to pay the bill. Unfortunately, too many Americans find themselves in this position, according to a recent survey conducted by Ipsos for the healthcare transparency group Amino. The survey found that 37%
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It all looks so obvious in hindsight. Make a $500 deposit and your money will grow 18% in 10 days. You can receive a $1,500 loan by MoneyGram if you pay $170 for fees and insurance. A driveway sealer happens to be driving by and offers to coat your driveway for a low price. You
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Changes are coming to your credit report – and this time, those changes may work in your favor. Thanks to some background work by the three major credit bureaus (Experian, Equifax, and TransUnion), public records to be included in credit reports must meet higher standards. That action should result in a boost in credit scores
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