Tag Archives: credit

This One Ratio Is the Key to a Good Credit Score

Source: Lendingmemo.com

Source: Lendingmemo.com

A credit score is a bit like the Da Vinci Code; it’s a serpentine web of myth and mystery that’s hard to crack. But there is a Holy Grail of sorts here too. Of all the different factors that feed into your credit score, many experts believe that there is one factor that stands above the rest in keeping your score high. The fact that this one ratio is so important is a little counterintuitive, so simply understanding its importance can unlock the higher credit score you’ve been looking for.

So what is it? It’s called the credit utilization ratio. Learn more about it in my new post on WiseBread.

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Baby They’ve Got Your Number: A Credit Score’s Secret Sauce

Flickr/See-ming Lee

Flickr/See-ming Lee

Hey, excuse me. Your credit score is showing. Your bank can see it. So can lenders and landlords. Perhaps even your employer’s had a look. Unfortunately, much like that persistent piece of toilet paper that sticks to the bottom of your shoe, you might not be aware of it – and what it’s saying about you.

If you’ve ever applied for a loan, you know that your credit score counts. Unfortunately, most of us don’t know much about the shadowy numeric score that can literally determine our financial fate. Find out what you need to know about this important number, and what you can do to ensure it’s telling it like it is in my new article on GoldenGirlFinance.com.

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Play Your (Credit) Cards Right – or Pay the Price

Flickr/Image of Money

Have a credit card or two? No problem – but how you’re managing them might be, especially when you consider how much common blunders can cost. Whether you’re looking to build your credit, earn points or avoid carrying cash, credit cards have plenty of perks. They also have expensive pitfalls. Check out a few common credit card mistakes how you can play your cards right to save in my new article on GoldenGirlFinance.ca: http://bit.ly/LjBHsS

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Why You Should Never Co-Sign for Your Kids

Flickr/ BaileyRaeWeaver

Credit: It seems you need it for everything these days. That’s probably why so many well-intentioned parents are co-signing loans for their kids. There are some good reasons why people decide to become a co-signer for their kids, including helping them to buy a car or first home, or to establish a credit history.

But while you may be aiming to do well by your children, co-signing can have huge financial consequences — and not just for you. Find out why you should never co-sign loans for your kids in my new post on GoBankingRates.com: http://bit.ly/HxgULD

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