Credit 101:5 Positive Steps To Saving

Step 1:An inconvenient soul search Before you can create an action plan,you should assess your current financial situation. On a clean piece of paper,on the left side,write down all of your monthly bills. On the right side,list your monthly income or revenue sources. Now,on the left side,scratch off [...]

Simple Mistakes That Can Lower Your Credit Score

Because so much depends on your credit record and credit score,you should be aware of the pitfalls that can tarnish your financial reputation. That’s why FDIC Consumer News has compiled this list of common mistakes that can significantly affect your credit history and credit score.

1. Paying bills late:One of the biggest factors [...]

What is a credit score and how is it calculated?

Most of time,a credit score is refered to as a FICO score (Fair Isaac Corporation). It’s a number based on information in your credit file that shows how likely you are to pay a loan back on time .The higher your score,the less risky you are. You credit score is derived from three [...]