Experian vs. TransUnion vs. Equifax: What’s the Difference?
Credit reports can be quite confusing to people because there are three credit reporting agencies that provide different credit scores. The main agencies in the United States are Experian, TransUnion and Equifax. Any time you go to the bank and apply for a loan, they will check your social security number through one of these […]
Can I Get Credit With a Bad Credit Score?
After being laid off and struggling financially, a Credit Sesame reader writes in for advice on getting credit and qualifying for a loan with a bad credit score. John Ulzheimer, credit expert for Credit Sesame, answers.
What’s a Hackers Favorite Password?
Ever seen that meme with Steve Carrell from the TV show “The Office” proclaiming that he changed all his passwords to “incorrect” so that if he forgets his password his computer will remind him that his password is “incorrect”? And that’s just perfect — if you’re the kind of lovable idiot he portrays. But if […]
6 Signs You Should Switch Your Credit Card
Not all credit cards are keepers, but how do you know which ones to hold onto and which ones to send down the road? If your lifestyle and needs have changed are the credit cards you hold still making sense to own, are they still the right fit for you? Here are some suggestions. […]
3 Harsh Realities Everyone Should Know About Student Loan Debt
What you don’t know can hurt you. American borrowers owe a record $1.2 trillion in student loan debt, a number that has tripled in the last ten years, according to Sallie Mae. Within those numbers, nearly one million retirees are saddled with $18 billion in outstanding student loans, a dollar amount that has risen 600 […]
Co-Signing Dangers: Why You Should Think Twice Before Co-Signing a Loan
If you’re like most, when you hear of a family member or friend having money difficulties, you want to provide help. In some instances, that assistance doesn’t have to come in the form of cash; you can aid someone financially by co-signing with them on a loan. Unfortunately, this act of goodwill (which allows someone […]
Will Paying Off Collections and Delinquent Debts Improve My Credit Score?
Credit Score and Delinquent Payments
One of the most common questions I get from consumers is whether or not paying or settling defaulted debts will improve their credit reports and credit scores.
FAKO Scores vs. FICO Scores, What’s the Difference?
The Best Fico Score is the One Free of Charge Many consumers have been asking whether the free credit scores on the market are accurate. Is credit karma accurate? Is credit sesame accurate? If there are difference in their credit reports which one is more accurate. To get down to the bottom, you need to […]
How to Improve Your Credit Score, Starting With Your Payment History
What do you have in common with over 220 million of your peers in the United States? You all have credit reports maintained by the three national credit reporting agencies; Experian, TransUnion and Equifax. And on your credit reports is a collection of information that reflects how well, or how poorly, you’ve paid your creditors. Credit Sesame’s credit expert, John Ulzheimer shares tips for improving your payment history to improve your credit scores.
17 Ways Having Bad Credit Can Hurt You
Don’t think bad credit can hurt you? Here are 17 ways that show otherwise.
8 Smart Ways to Pay Off Your Mortgage Early
If you’re looking for ways to pay off your mortgage early, these strategies, combined with advice from your CPA or other financial advisor, can help you reduce your debt and make your home-ownership dream come true faster.
5 Things You Need to Know Before Applying for a Credit Card
If you’re in the market for a new credit card, there are a number of important factors that should never be ignored. Here’s what you need to know before applying for a credit card.
Best No Interest on Purchase Credit Cards, Summer 2020
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. EDITOR’S NOTE: The Chase Slate® credit card, and the Chase Freedom® credit card offers mentioned in this article are expired and are […]
Getting Out of Debt: The Pros & Cons of Debt Settlement
If you are swimming in debt, you’re bound to start looking for a way out. Many people see debt settlement –an option that advertises to help you pay off your debt for much less than what you owe– as a way out of their financial woes. However, the truth isn’t quite as simple as all that. Debt settlement isn’t without pitfalls and consequences — and it isn’t for everyone.
When Bankruptcy Is Not a Dirty Word
Bankruptcy is a legal process at the federal level that applies to a person (or company) who is no longer able to meet his or her financial obligations. Bankruptcy either eliminates or reorganizes the debt, and can eliminate some kinds of liens against the filer’s property. It has a long-lasting negative effect on the debtor’s credit and is generally considered an option of last resort. That doesn’t mean it’s never the best option.
