credit score


Bark or bite: Credit reporting agencies get watchdog

Jul 20, 2012
Around 40 percent of credit reports have mistakes on them -- and it is a pain to get them fixed. The Consumer Financial Protection Bureau announced that it will start scrutinizing credit reporting agencies.
Posted In: Richard Cordray, credit report, credit score, Consumer Financial Protection Bureau

A new cop on the credit reporting beat

Jul 18, 2012
New government oversight could give consumers more power.
Posted In: Consumer Financial Protection Bureau, CFPB, credit score

Europe and a credit card

Jun 4, 2012
Hi! I'm living in Europe for a year or so, but all my bank accounts are still in the U.S. I've been using my credit card for everything and paying off the balance monthly. Is this bad credit card behavior? Could I be hurting my credit score? Thanks! Alexa, Baltimore, MD
Posted In: Credit card, credit score, living abroad

Time to attack credit card debts

May 31, 2012
I received a large bonus, and I'm going to use it all to pay down credit card debt. I have many cards. They all have about the same outstanding balances and about the same interest rates. At one time, most of the cards were "maxed out," which was bad for my credit score. Should I pay off a couple cards entirely, or should I make larger-than-usual payments to all of them, bringing down the outstanding balances substantially below the credit limits? Thanks. Henry, Chicago, IL
Posted In: Credit Cards, credit score, debt, credit limit

Getting back to our old (good) credit score

May 23, 2012
My husband and I gave our daughter $40,000 for a down payment on a condo. She defaulted on the loan and went into foreclosure. Consequently, our credit score has tanked. How can we get our old great credit back? Nobody cares that we were not the ones who defaulted. Please help. Cathy, Redmond, OR
Posted In: credit score, credit report, Credit Cards, family finances

Advice on getting a credit card

Apr 24, 2012
My friend is 24 and a young mother. She has never had a credit card and she wants to build her credit. Her income is somewhat limited at the moment because she has a new baby and only works part-time, but she wants to be able to pay for small daily expenses with a card that she can pay off in full every month. She is not seeking a large credit line. Even $100 would be sufficient. Can you provide some advice on what kind of card and where to start for someone looking to build good credit? Should she try prepaid credit cards? Any advice would be most sincerely appreciated. Esmeralda, Marlborough, MA
Posted In: Credit Cards, secured credit cards, credit report, credit score

Sound, simple money advice

Mar 22, 2012
I am 32 years old and would consider myself financially illiterate! I briefly held a credit card, but after a series of rather poor decisions at the age of 20, I got spooked by the idea of credit altogether. When I last checked my score several years ago, it was not surprisingly in the toilet. In deciding to try and repair my finances, I checked my score today and found that it was (surprise!) 775! So after years of neglect, illiteracy and general incompetence, how do I maintain this incredible turn? Desperately in need of some sound, simple advice! Ryan, Cincinnati, OH
Posted In: Savings, credit, credit score, borrowing

What to do if your credit history is 'thin'

Mar 9, 2012
Living debt-free is a good thing, right? Those with little or no credit history are finding out you really can be "too thin."
Posted In: credit agencies, credit score, FICO, debt, credit

Good habits and a credit score

Feb 1, 2012
We use a credit card to pay for all monthly expenses and then pay it off at the end of each month. My credit score fluctuates every quarter, depending on when the accounts are checked. My question is how can we convince the credit rating company that we do not carry any credit card debt from one month to the next? My score is currently at 749 but has been as high as 815. Thanks, I really enjoy your program. Randy, Macomb, IL
Posted In: Credit Cards, credit score, credit report

Patience scores!

Jan 20, 2012
Columbia Business School's Stephan Meier discusses his new study, which says that the more patient you are, the better your credit score is likely to be.
Posted In: credit score, FICO, Savings, Money, patience