How to Improve Your Credit Score Fast

Having a good credit score impacts many areas of your life: the interest rates you pay on debt, your car insurance rates, and what types of credit card offers you get in the mail.

If you find yourself with a poor credit score, but have a need to improve it quickly, there are a few tips you can try.

However, the only true way to drastically improve your score is to use debt responsibly for a long period of time.

What Goes Into a Credit Score?

Before you can improve your credit score you need to know what exactly goes into your credit score in the first place.  Once you know what goes into the credit score you can work to make changes in those specific areas.

credit score factorsWe have a full post that dissects what goes into your credit score, but here’s a brief breakdown:

  • 35% – Payment History
  • 30% – Amounts Owed
  • 15% – Length of Credit History
  • 10% – New Credit
  • 10% – Types of credit used

How to Improve in Each Credit Score Area

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Will Divorce Make You Happier? The Emotional and Financial Implications of Divorce

It happens to the best of couples. 

You start out deeply in love, and then, with the stresses of life, child rearing and career growth, you don’t spend enough time together.

You grow apart.

You start to get upset with one another and find flaws.  (Ironically, often the traits that most endeared your spouse to you in the beginning are now the very traits you find most irritating).

It is at this point that many couples consider getting divorced.

According to Dr. Heller, a licensed psychologist in Massachusetts, “about 10% of all marriages end in divorce during the first five years and another 10% by the tenth year.”

Divorce can seem like the easy way out.
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The Best Credit Card Offers

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When used in the right way, a credit card can be a powerful tool.

The best credit cards provide you with free stuff, and even cash back.

While we often we think of credit cards as debt traps, the truth is that, used responsibly, credit cards actually provide a number of benefits.  Savvy credit card use can lead to the earning of valuable rewards, as well as cash back.  You can actually make money simply by making purchases that you would normally.

The goal, of course, is to get the best credit card possible.

This includes a credit card with generous rewards, as well as easy redemption.  Many of the best credit cards also come with a signing bonus.  When you sign up, and then spend a certain amount of money within a set period of time, you receive bonuses worth $100, or even $200.
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The Pros and Cons to Refinancing Your Mortgage

Interest rates on mortgages are at all time lows; does that mean you should refinance as soon as possible?

Maybe–and maybe not.

Interest rates may be lower than they’ve ever been, but never has the issue of refinancing been more complicated.  For one thing, it’s harder than ever to qualify for a loan at the best rates, and for another, today we have to consider falling property values which is something that hasn’t existed since the Great Depression.

What are the pros and cons to refinancing your mortgage?

The reasons you SHOULD refinance – Pro

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Steps to Take if You Lose Your Job and You’re Now Unemployed

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Many of us live in fear of possibly losing a job.

After all, the job is what provides income stability in the household, and is often the source of benefits, like health insurance, for your family.  Without a job, you are on the hook for a number of these costs, and may find it difficult to make ends meet.

Losing your job doesn’t have to be the end of the line, however.

There are steps you can take to alleviate the situation, as well as ways to make unemployment an opportunity.

Before you panic into doing something unwise, take a deep breath, step back, and consider the following actions if you lost your job:

Apply for Unemployment Benefits

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Grow Your Own Garden This Summer to Save at the Grocery Store

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If you are like most Americans, you have probably felt the pain at the grocery store cash register when buying your family’s groceries.

While the increase in the price of gas most often makes the nightly news, the increase in the price of groceries hits consumers’ wallets even more so, especially if you have a family.

If you don’t want to resort to being an extreme couponer buying processed foods for pennies on the dollar, there is another way to save—grow your own garden.

Can’t Grow a Garden Because You Live in the City?  Think Again

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Best Gear to Rock a Mobile Office

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Not too long ago your office was a physical space with a heavy desktop computer, a fake wood desk, filing cabinets, and maybe even a Secretary named Ruth.

In the digital age your office is wherever you currently are.

Sure, you might need a physical space somewhere, but with all of the mobile technology available you can get a majority of your work done wherever you are.

Best Gear for a Mobile Office

Whether you are a freelancer or salaried employee, here are some tips to rock your mobile office: Continue Reading

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