Credit

Credit cards take from the poor and give to the rich?

A couple of weeks ago, I read about a study in Wall Street Journal that talked about a “Reverse Robin Hood” theory.  The actual study was done by the Boston Federal Reserve and can be found here. I am pro- credit cards. So am I taking money away from the poor?  Are my frequent flier [...]

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How to get your FICO & FAKO credit scores for free?

1 Getting a free credit report is relatively easy (for help see: What is in your credit report and why should you care?337). Getting your credit score on the other hand can be more challenging. Agencies may be promising to show you your credit score for free but is it your FICO score or a [...]

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Credit score types, what they mean & what matters

1 What is your number? Today more and more businesses are checking your number. To be employed you are not only required to be qualified for the job but also need to have a good number. What is a good number? What does this “number” even mean? This number, your credit score, essentially means how [...]

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How to improve your credit score?

A lower credit score affects almost every aspect of your life. Starting from getting your favorite apartment to auto loans and a home mortgage, everyone checks your credit score to see if you are creditworthy. Two people having the exact same income and buying similar houses could end up paying drastically different interest rates on [...]

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