Tag: Credit

Federal Trade Commission – A Credit Monitoring Case for Consumers

Federal Trade Commission – A Credit Monitoring Case for Consumers

One of the challenges consumers have to watch out for in today’s diverse and complex financial world is identity theft and financial fraud.  Many consumers choose to enlist third-party credit monitoring services to keep a look out for fraud.  Money smart consumers also know that maintaining a solid credit score is really important.  After all, […]

October 4, 2016 | By More
College Student Strategies for Using a Credit Card

College Student Strategies for Using a Credit Card

In today’s Post, we wanted to briefly visit the conversation of credit cards for college students.  Out the gate, the thought of dealing with credit card management while a student may seem a circumstance to avoid.  However, let me share two thoughts regarding the value of credit card use in college when used judiciously and […]

March 1, 2016 | By More
Credit Cards: How to Be Organized and Avoid Fees

Credit Cards: How to Be Organized and Avoid Fees

Like it or not, credit cards are a part of our money life.  There has been discussion that some college students and working millennials may steer away from using credit cards in favor of debit cards.  However, a credit card can be a useful tool in developing a credit history.  But, and we mean a […]

January 14, 2016 | By More
Why Are Millennials Not Using Credit Cards?

Why Are Millennials Not Using Credit Cards?

Last year, I had a conversation with one of my financial literacy colleagues who is a professor at a local college in DuPage County, Illinois.  I recall her telling me that many of the millennial generation don’t use credit credits.  In lieu, they are more inclined to use debit cards. Recently, we had an article […]

May 4, 2015 | By More
Rules on Credit Cards to Keep You Safe

Rules on Credit Cards to Keep You Safe

Credit cards are an integral part of our money culture.  What is important for you as a money smart consumer is making certain you understand the rules on their use to keep your bottom line safe. We noticed an article in our news feed from Robert Harrow at the Huffington Post referencing four specific rights […]

April 16, 2015 | By More
How to Improve Bad Credit and A Low Credit Score

How to Improve Bad Credit and A Low Credit Score

Are you a consumer who is dealing with the aftermath of a challenging financial situation or poor money decision?  Maybe you’ve found yourself stuck with bad credit and a low credit score.  If you’re wondering how to dig your way out of the mess, there is hope.  There are a variety of actions you can […]

April 6, 2015 | By More
Credit Bureau Changes: Medical Debt and Credit Reporting

Credit Bureau Changes: Medical Debt and Credit Reporting

  If you did not catch the news headlines the other day, here is some good news for consumers regarding their credit bureau.  Positive changes will be implemented regarding medical debt reporting and other credit reporting applications with the credit report arena. There are a number of changes taking place, which is why we provided […]

March 11, 2015 | By More
Credit Card Debt of American Families: January 2015

Credit Card Debt of American Families: January 2015

Debt seems to be a part of the American lifestyle.  In fact, our Wall Street Journal article share states that, “The amount of average credit card debt has been steadily increasing over the long term.”   For your information, we have highlighted the status of credit card debt as of January 2015 for consumers. √  According […]

March 11, 2015 | By More
Banks Offering Free FICO Scores to Customers

Banks Offering Free FICO Scores to Customers

Do you know what your FICO score is today?  As you know, a FICO score plays an important role in your access to and cost of credit for you.  Shana Lebowitz reports in her LearnVest.com article that some banks will be offering free FICO scores to their customers.  The details of her write up are […]

January 15, 2015 | By More
What is a Credit Score?

What is a Credit Score?

For the money smart consumer, one of the top items on their check list for best money management practices is ramping up their credit score.  Before you can tackle that to-do item, you need to need to be able to answer the question, “What is a credit score?” MoneyBasicsU has introduced the conversation of a […]

December 22, 2014 | By More