Category Archives: Credit Repair
The Tyranny of Depending on Your Parents Financially
You don’t dare complain about it out loud, because people will judge you. These days, everyone is quick to judge you just for existing, no matter who you are. This is weighing heavily on you, though. You don’t earn enough money to make ends meet, so your parents float you a few hundred dollars… Read More »
Bouncing Back After a Late Payment on Your Credit Report
If you can still convince yourself and others that your financial hardships are temporary, count your blessings. If you paid one of your bills late last month but paid it on time this month, you are in a better financial position than most. Despite this, if you genuinely felt financially stable until an unexpected… Read More »
Will the Resumption of Student Loan Payments Tank Your Finances?
If asked to describe the effect that the COVID-19 pandemic had on their finances, most people would not use the word “relief.” For the wealthiest and most educated people in society, the pandemic gave us a glimpse of how to live modestly and avoid lifestyle creep. We went for walks and cooked from scratch… Read More »
All Work and No Credit Score Boost
It isn’t fair. When you are rich, you can borrow as much money as you want, but when you are working hard and struggling to pay your bills, no one will lend to you. Lack of credit history is stopping a lot of people from getting loans. This is understandable if you are young… Read More »
What To Know About Credit Cycling
Personal finance experts tell you that, if you cannot pay off your credit card balance in full each month, you should carry a balance of no more than ten percent of the credit limit over into the next month, but that is easier said than done. When you have used more than 30 percent… Read More »
Collections Debt and Your Credit Score
All overdue debt payments are stressful, but collections agencies are the most unpleasant creditors out there. When they contact you by mail, they print their notices in garish colors. They offer several options for lump sum payments and installment plans, but as often as not, they tell you nothing about how you incurred the… Read More »
How to Improve Your Credit Score When You Are Broke
Google is not known for its emotional intelligence. If you ask Google how to improve your credit score, it will tell you to open one credit card account and take out one non-revolving personal loan and never to use more than 30 percent of the available credit on your credit card. Of course, Google… Read More »
New Regulations for Buy Now Pay Later
The best thing about buy now pay later (BNPL) is that it is so easy to make purchases on credit, and, in theory, they are interest free. The worst thing is that it is so easy to buy things that you cannot afford, and therefore to fall behind on payments. Optimists might say that… Read More »
Credit Utilization and Your Credit Score
The credit score system is one of the most obvious ways in which the rich get richer. The more money you have, the more money you can borrow, but if you are not wealthy and you really need to borrow money, it is hard to find anyone to lend it to you. The amounts… Read More »
How to Boost Your Credit Score While Living in a Rented Apartment
One of the unpleasant truths about personal finance is that the rich get richer every time they borrow money and every time they make an installment payment toward repaying it, while the rest of us diligently pay our bills every month, usually exhausting our entire paycheck in the process, while our credit score barely… Read More »