Tag Archives | Credit Report/Score

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Profitable Ideas: Developing the Will to Succeed, Getting a Clue on Credit Scores, and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. How to use a teacher’s lesson plan to manage your money (A Teachable Moment). Many of the same principles that go into a well-run classroom apply to a well-designed financial plan. 10 things not enough kids know before […]

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How to Build and Maintain a Strong Credit Score

Benjamin Franklin once said, “It takes many good deeds to build a good reputation, and only one bad one to lose it.” Financially, your reputation boils down to a three-digit number: your credit score. Each credit-related action you take is recorded, tallied, and turned into this increasingly important number. A good credit score will help […]

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Profitable Ideas: Don’t Try to Time the Market, Finding Meaning in Your Work, and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. What if you were the world’s best market timer? (The Irrelevant Investor). Fortunately, you don’t have to achieve the impossible. Why we can’t stop torturing ourselves with 401(k) wreckage (Bloomberg). With this type of wreck, it’s okay to […]

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Do You Need Credit Monitoring?

Everywhere you look, it seems, some company is offering to monitor your credit report – for a fee.  Do you need the protection?  A recent CNNMoney.com story said most people do not.  The article noted that using a credit-monitoring service won’t prevent anyone from opening credit in your name.  The only way to do that […]

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Should You Cancel An Unused Credit Card?

A common question I get in workshops is, “Will it hurt my credit score if I close one of my credit card accounts?”  The answer is “maybe.”  But the reasons why or why not may surprise you. It is commonly thought that, especially when it comes to a card you’ve had for a long time, […]

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What To Do With Unused Credit Cards

In my “Money, Purpose, Joy” workshop, I always get lots of questions in the section on credit scores.  And one of the most common questions is whether to close old, unused accounts.  The general answer is no, as explained in detail in this helpful Bankrate.com article. The main reason to keep the account open has […]

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