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Articles in Credit

Credit Karma Now Offers Free Credit Report Access!
Mon, 08/18/14 | 4 Comments
Credit Karma Now Offers Free Credit Report Access!

Longtime readers will know that I have been using Credit Karma to monitor my credit score for a while now. The free consumer credit information service (best way I can think of to describe it) built …

A Way to Look at Credit Card Debt that Should Scare you In to Beating it
Mon, 03/10/14 | 8 Comments
A Way to Look at Credit Card Debt that Should Scare you In to Beating it

The average credit card APR these days is ~15.4% (with many north of 20%).
Actually, with monthly compounding balances, the effective APR is almost 1 percentage point higher. So let’s say 16%.
What this means, in simple …

How Does your Credit & Credit Score Compare to the Averages? And How to Improve your Standing
Wed, 12/4/13 | 15 Comments
How Does your Credit & Credit Score Compare to the Averages? And How to Improve your Standing

A week after my ‘Gen X and Gen Y state of retirement‘ post, one of the major credit bureaus (Experian) launched an infographic on the ‘state of credit‘ of each generation.
Your credit worthiness and credit …

Secured Debt vs. Unsecured Debt: Which you Should Pay Off First?
Mon, 02/11/13 | 16 Comments
Secured Debt vs. Unsecured Debt: Which you Should Pay Off First?

As you begin your own personal adventures in credit and debt land, you’ll notice an interesting phenomenon: borrowing rates vary quite dramatically from one type of loan to another.
Credit cards, for example, can have interest …

Home Equity Loan (HEL) Vs. Home Equity Line of Credit (HELOC): which is Better?
Tue, 09/11/12 | 4 Comments
Home Equity Loan (HEL) Vs. Home Equity Line of Credit (HELOC): which is Better?

I’m not a big fan of debt.
But there are times in your life when it makes sense to pay off (or avoid) high-interest debt with low-interest debt. For example, using a 0% APR credit card …

What is Prime Rate? & How Does it Impact me?
Mon, 08/20/12 | 3 Comments
What is Prime Rate? & How Does it Impact me?

If you’ve ever taken out a short-term loan, adjustable mortgage, private student loans, or owed money on a credit card, you’ve been impacted by the “prime rate”.
If you don’t know what the prime rate is, …


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