A divorce can be devastating to your finances if you aren’t prepared. The divorce settlement determines who gets what, but that’s just the beginning. It’s important to take stock of your financial situation and make moves to start rebuilding your finances on your own. “Once the financial dust settles after...
Filing for bankruptcy can feel like you’ve hit the financial equivalent of rock bottom. While it does wipe out your old debt, bankruptcy stays on your credit report for seven to 10 years, hurting your long-term chances of qualifying for a mortgage or other credit…
It can be difficult to teach your children about financial responsibility and the value of good credit. How should you go about it? Is giving an allowance the best way to start? Should they figure it out on their own? There is no right answer. But one thing is clear: It's essential for...
Transferring a balance from a high-interest credit card to a balance transfer card with an introductory zero percent interest rate can make it easier to pay off your credit card debt. However, just because you apply for a balance transfer card, there’s no guarantee that the transfer itself will go through to the new card. Credit companies may refuse a balance transfer…
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When it comes to personal finance (including how to get…
A few years ago, Jim Wang, a 39-year-old father of three, bought a new home in Fulton, Md. A high credit score helped him land his mortgage, but after the dust from the move settled, he was able to continue reaping the rewards of his financial prowess…
Experts predict that in the not-too-distant future, your internet habits could affect your credit score and help lenders determine what they offer you.
We will let you in on what we know so far about how your online activity could be used to determine how much credit you can get...