Refinancing And Your Credit Score
Rates are dropping low enough that it might make sense to refinance your mortgage, but keep a few things in mind before you do so. Refinancing can negatively affect your credit score in the short run. If it saves a few hundred dollars a month, then it may well be worth it. However, refinancing can [...]
The Worst Kind Of Debt
In the eyes of credit scoring companies, not all debt is created equal. There are different types of debt, and some can do considerable damage to your credit rating. Installment loans are not harmful to your credit rating as long as you always pay on time. Installment loans are the type of loan where you [...]
10 Commandments of Debt Reduction
10 Commandments of Debt Reduction 1.) Thou shalt learn the difference between “needs” and “wants”. 2.) Thou shalt not use credit to purchase expensive toys. 3.) Thou shalt create a budget and stick to it. 4.) Thou shalt not covet they neighbor’s mortgaged-to-the-hilt Mansion, nor his soon-to-be-repossessed Ferrari, nor the big screen TV he will [...]
