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What’s the Best Way to Get Out of Credit Card Debt?

By now it should go without saying that being in credit card debt is like plugging a siphon into your bank account. In fact, credit card debt is likely the most expensive debt you’ll ever carry with an industry average 15 percent interest rate. So, what is the best way to get out of credit… Read More

4 Ways to Build Credit from Scratch

There are three types of consumers as it pertains to credit reports: those who want to build a credit report, those who want to rebuild a credit report and those who want to maintain an already impressive credit report. Building credit is not the same as rebuilding or maintaining credit, and the strategies for each… Read More

Ask the Expert: Can I Dispute My Credit Score?

We asked our Facebook fans and Twitter followers to share their most pressing credit and personal finance questions. Our latest question comes from a reader who wants to know how to file a dispute to correct his credit scores.  John Ulzheimer, Credit Expert for Credit Sesame, weighs-in. “John, I applied for a mortgage loan two… Read More

5 Reasons Why a Credit Card Is Better Than Cash or Debit Cards

In all of my years in the credit industry I’ve never heard anyone use the word “love” to describe a financial services product. That is until I heard someone use the word to describe his feelings toward his debit card. I felt bad popping his bubble when I explained why a credit card is so… Read More

Credit Tips for Newlyweds: How to Protect Your Credit (for Better or Worse)

Your credit reports and credit scores are likely the last things on your mind when you’re planning your wedding, and who can blame you?  However, getting married can be both beneficial and problematic to your credit, and understanding how liabilities work prior to tying the knot can save you big bucks down the road. With… Read More

Medical Collections Are Not As Important As Credit Scores Believe

Last week the newly formed Consumer Financial Protection Bureau (or “CFPB”) released the results of a study that proves that medical collections are treated too harshly by credit scoring models. Their analysis also suggested that consumers who owed some amount of medical related debt were not as risky as consumers who owed non-medical related debt…. Read More

Understanding Credit Scores & What Counts: FICO vs. VantageScore

Credit scores have become as important to our financial well being as our employment status and income. They influence everything from access to credit, interest rates, insurance premiums, housing, and deposit requirements on utilities. In order to maximize your credit scores you have to first understand what they consider. Understanding Credit Scores In the world… Read More