Rethinking Your Relationship with Money

Need to change your approach to money from a mental or emotional perspective? Learn how thinking differently can help.

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When you dispute online, is it being seen by a person by a person or a computer database?

June 11, 2016

When you dispute an account online, you go to www.experian.com/dispute and work directly though Experian’s dispute system, which eliminates the need for a representative to manually enter your dispute. ...

How much does your credit score drop if you close a card?

June 11, 2016

Whether closing an account will help or hurt your score depends on what the rest of your credit history looks like. If you have too many open credit card...

I have bad credit. How do I bring it back up?

June 11, 2016

The most important factor in a credit score is making all of your payments on time, every time. The best way to begin improving your credit score is to...

Why do Experian, Equifax and Trans Union differ so much in score?

June 11, 2016

Experian, Equifax and Tran Union provide the information used to calculate credit scores in the form of a credit report. They three credit bureaus don’t actually calculate a score....

I recently paid off a closed/derogatory account. Will this help my score?

June 11, 2016

Paying off a past due account is an important first step to improving your credit history, and although the account will still be considered potentially negative, you may see...

Why does it take so long to build credit, yet it drops quickly?

June 11, 2016

Credit reports reflect your credit history and help predict that you are trustworthy by the way you manage your debts over time. If you are unable to pay your...

Should I add my teenage son as an authorized user?

June 11, 2016

If you want to teach your minor child about credit, it’s not a bad strategy to add them as an authorized user as long as you are diligent about...

I’m transferring a balance for a promo APR. How much should I put on the card? What’s too high of a utilization?

June 11, 2016

The recommendation is that you never have a utilization rate on one card or in total of more than 30% of your credit limits. That is a maximum. The...

I’m unemployed, how can I get the interest on my credit card lowered?

June 11, 2016

Talk to your lender directly and see if there is anything they can do to help. Lenders may have alternatives that can assist you in managing the debt through...

Is it true that you will eventually not have a credit score if you’ve paid off your debt and all of your accounts are closed?

June 11, 2016

Yes, eventually that could be true. If you pay off and close all of your accounts and there is no activity on any of them for a certain period...

How do you start business credit?

June 11, 2016

In order to establish business credit, you must first register the business as a legal entity, for small business most commonly as an LLC, a limited liability corporation. The...

How can a credit score from TransUnion and Experian be 50 points different?

June 11, 2016

There are several reasons why this can happen. One is that the information in the reports may be different. Lenders aren’t required to report information to the credit reporting...