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When It Comes to Student Loans and Credit Scores, Know 10 Things (Part 2), by 720 Credit Score

In my last post, I told you the first five things you should know about student loans and credit scores. Here are five more… Student Loans and Credit, Fact #6: About 30 percent of your credit score is determined by your outstanding debt: the ratio of how much you owe…

When It Comes to Student Loans and Credit Scores, Know 10 Things, by 720 Credit Score

When it comes to student loans and credit scores, there are ten facts you need to know… But before we get to that, let’s talk a little bit about student loans. These loans are “unsecured loans,” meaning that there is no collateral backing them. Whereas your car can be repossessed…

Does this make you angry?

I’m considering lobbying the government to close a huge loophole (that I frankly think is a scam), but before I do that, I’m wondering if you will give me your feedback. If I get enough interest, I’ll push forward. First, though, let me give you some background information that leads…

The important part of improving your score fast, by 720 Credit Score

If I had to choose one thing as the most important aspect for raising your score after a financial meltdown, it would be this: Apply for new credit. The problem is: How can you qualify when your score is low? We generally refer people to secured cards, but even then:…

What Should I Do About Collection Accounts?

Did you know that each time you make a payment on a credit collections account, your credit score could be damaged? It’s shocking but true. When you are 30 days late on a bill, a creditor will report a late payment to the credit bureaus. This happens again at 60…

What Should I Do If I’m Deeply in Debt?

One of my friends just told me that he owes $68,000 in credit card debt. He’s 26 years old. And he has that feeling in the pit of his stomach—you know that feeling. He can’t ever truly relax because he’s so worried. All these questions start racing through his head……

How Can I Get Credit Cards If My Credit Score Is Terrible?

If you have bad credit, it’s critical that you have and use three to five credit cards. The only way credit bureaus will reward you with a high credit score is if you prove that you can responsibly manage debt. This means: Having at least three credit cards, keeping them…

My Wife Won’t Sleep in Our House, by 720 Credit Score

After renting for years, my wife and I just bought a house. It’s our ideal house—exactly what we were looking for in the exact neighborhood we wanted. We have dreams of raising our children there, and we smile thinking about the birthday parties, sleepovers, and graduation celebrations that will fill…

What Are the Credit Cards You Recommend for People With Good Credit?

We went out there and researched the best credit cards on the market, consider things like interest rates, rewards points, fees, and the like. You can see our recommended list of credit cards for people with strong credit here. And keep the following in mind: 1. In our program, we…

How Many Credit Cards Should I Have?

Question: “How many credit cards should I have if I want to earn the best possible credit score? I receive a lot of credit card offers in the mail. Should I apply for them?” Answer: Having the right number of credit cards is a big part of your credit score. Ideally, you…

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