Category Archives: Credit Scores

What Happens to My Credit Score Once My Bankruptcy Has Dropped off My Credit Report?

Of all the things you can do to your credit, bankruptcy carries the single greatest negative impact because each account, marked derogatory by the bankruptcy, could drop your score along with the public record of the bankruptcy itself.  Meaning, by … Continue reading

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Estimated Tax Payments & Your Credit

­­­­­­­­­­­­­­­­­­­­ If you didn’t have income taxes withheld from you income, you may be able to make estimated tax payments. The IRS provides the following information: You may need to make estimated tax payments if you didn’t have taxes withheld … Continue reading

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Do Parking Expenses Count for Itemized Deductions?

Can I Itemize My Parking Expenses? Itemized deductions can help increase your tax refund, and each extra dollar you get back is an additional dollar you can use to pay down debt, which can be beneficial to your credit score. … Continue reading

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Pros & Cons – Bank Debit Card Usage

Debit cards look like credit cards, can usually be used like credit cards, and in many ways are as convenient as credit cards. When you use debit cards, you don’t run the risk of having a credit score harmed by … Continue reading

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Can You Lose Your House for Not Paying the Second Mortgage?

You can lose your house if you don’t pay your second mortgage, according to the Consumer Finance Protection Bureau. Your second mortgage – or any lien like a home equity loan – is secured by your home, meaning that your … Continue reading

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Credit Cards and Your Credit Score: How They Relate

For many people, having a credit card is their first experience using credit of any kind. Credit cards are the workhorses of the credit world, helping consumers finance everything from gas to flatscreen TVs. You may be aware of how … Continue reading

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Can You Pay Credit Cards At Times Other Than the Due Date?

Just because your credit cards have a set due date doesn’t mean you have to pay them on that date. Generally, the due date is the last day on which you can pay your card before your payment is considered … Continue reading

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Reasons Why Multiple Credit Scores Exist

Your financial profile isn’t decided by a sole three-digit number. There isn’t one set credit score that is used to determine your credit behavior. That’s because each credit bureau develops their own unique algorithm based on several factors. As a … Continue reading

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Career Advice You Should Probably Ignore

Bad advice is not always easy to recognize. If you’re job hunting in a very competitive employment market, it’s important to avoid the wrong guidance. After all, your income is directly tied to your financial situation and the right job … Continue reading

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Five Expensive Money Habits You Should Kick Today

Some unappealing habits are perfectly harmless, like cracking your knuckles or wiggling your foot under the conference table during a long meeting. Others can be downright harmful, like smoking or abusing credit. When it comes to managing your money, it’s … Continue reading

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