Credit Score Myths The experts on Discovery Channel’s “Mythbusters” have tackled the 5-second rule for dropped food and whether the moon landing was faked. It’s high time they took on credit scoring. Lenders have used these three-digit numbers for decades. The companies that create scores are increasingly open about how they work. Yet myths and misunderstandings…
Turn The Tables On Debt Collectors There’s no shame in owing someone money, but it doesn’t always feel that way when collectors bombard you with mail and phone calls. Here’s how to work with them without feeling powerless. If your phone is ringing off the hook with calls from debt collectors, it’s not likely that…
The Right Way To Cancel A Credit Card You want to cancel your credit card. Before you pick up your scissors, know this: Canceling a credit card the right way involves more than simply snipping it in two. It requires you to follow specific steps to close the credit card account for good with…
Understanding Your Credit We hear a lot about credit — credit reports, credit scores, credit freezes, and credit monitoring. What does it all mean for you? Your credit matters because it affects your ability to get a loan, a job, housing, insurance, and more. It’s essential to understand your credit and how to protect it.…