Friday’s Credit Tip #10: Don’t Think that You Only Have One Credit Report

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Most people speak of having one “credit report” when in fact most people have at least three or more reports, and these reports can vary widely in terms of what they include. Some things will be reported to some of the credit bureaus and others will not. In some cases, there will be mistakes on one credit report and not another. Three major credit bureaus in the country develop credit reports and calculate credit scores, and there are a number of smaller credit bureau companies too.


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Maybe It’s Not About Knowing More After All

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At least according to a shocking new study about financial health. First, a quick review from your high school or early college statistics class. Do you remember the term correlation? If not, here is a quick down and dirty definition for you: correlation is a calculated number that tells you how closely two separate variables [...]

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Inflation, Deflation, Shrinkflation and Budgeting for the New Tomorrow

Piles of twenty dollar bills

The challenges facing America’s middle-class are legion. Unemployment, under-employment, income inequality, burdensome student loans and stagnant wages, are just a top-of-mind handful. However, there are at least three challenges facing our economy that receive too little play in the main stream media. These potential problems should be on your radar screen, which is why we [...]

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Friday’s Credit Tip #9: Be Careful of Inquiries on Your Credit Report

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Every time that someone looks at your credit report, the inquiry is noted. If you have lots of inquiries on your report, it may appear that you are shopping for several loans at once or that lenders have rejected you. Both make you appear to be a poor credit risk and may affect your credit [...]

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Construction Subcontractors Need Access to Finance if Recovery is to Continue

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On the back of another successful month for the construction industry, subcontractors are looking to the future with hope – a boom in the construction industry means more contracts, more work, better prospects, and better cash flow. At least, that’s the picture in theory – how does it look in reality? How do construction subcontractors [...]

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Square Peg In Round Hole Mortgages?

house drawing

Most likely you have noticed that the credit market, especially for residential mortgages, just ain’t what it used to be. Instead of offering mortgages to anyone and anybody as long as they had a pulse, nowadays it’s almost the exact opposite. Not only do you need spectacular credit, a significant down payment amount, or existing [...]

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So You Think You Are Middle Class?

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It’s strange—there is no generally accepted definition for the term “middle class” in the United States. There are several opinions on what constitutes a middle class individual or household but, these notions vary. Although a substantial percentage of Americans view themselves as middle class, this is perception, not reality, as I will demonstrate during the [...]

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Friday’s Credit Tip #8: Check Your Credit Report Regularly

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You are more likely to notice problems and inconsistencies if you check your credit report on a regular basis—at least once a year and preferably three times a year. If you notice anything odd or anything you don’t recognize (such as a charge account you did not open) report it immediately…

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Identity Theft: When Closing The Coffin Just Isn’t Enough

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Sadly, this is not in fact an early Halloween season prank. Nope, not at all. It turns out that there is a disturbing new trend in the world of identity theft. You may say that those who deal in the illicit personal identification theft world have sunk to an all time low. That’s right; the [...]

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On Becoming a Financial Prepper

burning earth

Isn’t it amazing? Literally thousands of people across the country are preparing for a doomsday scenario. They build underground shelters, amass food supplies, store water and squirrel away countless other items they believe will be needed come Armageddon. They are known colloquially as—Doomsday Preppers. These otherwise ordinary Americans believe a future calamity will bring civilization [...]

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