Archive | Credit

Could Your Credit Score Be Costing You A Fortune?

Several consumer surveys have shown that 9 out of 10 people have no idea what their credit score is. This can be a dangerous state of affairs that can mean that your credit score itself is costing you a lot of your hard earned money. It is no secret that having a credit score that [...] [...more]

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The Benefits Of Checking Your Credit Report

Having a good credit rating has become incredibly important in the modern world. With a high credit score, you can apply for loans with better interest rates, premium credit cards, and low-interest mortgages. To check your credit history, you simply need to request a credit report from one of the three major credit bureaus. The [...] [...more]

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Good Credit Karma for Responsible Consumers

When considering the credit scoring system in America, it is easy to perceive that one only gets punished for one’s misdeeds and shortcomings and never acknowledged for one’s efforts to be financially responsible. Well, according to an article on CNN Money, the powers that be at Fair Issac (the FICO folks) will soon be rewarding [...] [...more]

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Create An Action Plan To Deal With Your Poor Credit Score

Improving a poor credit score requires a lot more than wishful thinking and a repentant heart. A solid plan and time are necessary to transform an ugly duckling report into a beautiful swan. This article by Darren Yates offers some practical pointers on how tackle this often daunting process. — DH When you receive your credit [...] [...more]

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The Best Things in Life are Free: Credit Report Myths

There is as much misinformation about obtaining your credit report as there are companies who will provide them to you. One of the biggest myths is that you must pay to get a copy of your credit report. CareOne Credit tackles this common assumption on their website and has the following to say True or False: [...] [...more]

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Credit Card Rate Caps ‘Interest’ Obama and Clinton

While both of the Democratic contenders for the November Presidential nomination have a lot of good ideas, here’s one that we, at Debt Hacker, really like: cap usurious interest rates on credit cards.Where the two could not seem to agree on what that cap should be (Clinton proposes the cap at 30% but Obama feels [...] [...more]

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Does Consolidating Debt Tank Your Credit Score?

Does debt consolidation tank your credit score, making your overall financial situation more bleak than it was in the first placed? Consolidation affects your credit for sure, but how?Well, the good news is that debt consolidation, or specifically debt management programs, do not hurt your credit score like they once did. In some programs, your [...] [...more]

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A Combat Weapon on the Battlefield of Debt

Any good soldier will tell you that one of the things crucial to winning a battle is the ability to see the enemy. Well, the same holds true of fighting a battle with debt. For most of us who have numerous credit cards, mortgages, car loans, student loans and other interest-accumulating accounts, it can be [...] [...more]

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Credit Repair: Is Self-Help the Best Help?

A post on the Federal Trade Commission’s website titled Credit Repair: Self Help May Be Best examines many of the potential pitfalls of using credit repair services who often make claims of being able to give you a completely new credit file, erase your debt and basically, make all of your credit karma go bye-bye. [...] [...more]

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Two Obvious but True Steps for Eliminating Credit Card Debt

In a blog post titled 2 Steps to Eliminating Credit Card Debt, there are two (surprise) steps proposed to get free from credit card debt. These steps are: Control your urge to spend Debt consolidation The two steps are simple enough and we’ve heard them before, but for many people, this is a lesson that has to be [...] [...more]

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