Posts Tagged With: hurt
What you don’t know about credit scores could hurt you
Paul Sakuma / AP A bad score could cost you a job or a loan. That’s why it’s so important for you to understand how credit scoring works. By Herb Weisbaum, The ConsumerMan Your credit score, which is based on your credit history, can have an enormous effect – positive or negative – on your &hellip Continue reading
Lower credit scores dramatically hurt home buyers
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Does Heavy Rewards Card Use Hurt Credit Scores?
Dear Eva,Please help me settle a bet with my wife. I use my credit cards for everything so that I can build up rewards points, so the balances are usually pretty high and close to the credit limit. I pay the cards off every month, but my wife says my credit score’s still affected because &hellip Continue reading
Will canceling a debit card hurt your credit score?: Money Matters
Q: I’ve been hearing about banks starting to charge monthly fees for debit cards. I already decided: If my bank implements a fee, I’m canceling my card. But will this hurt my credit score? – E.M., Maple Heights A: No. Having a debit card doesn’t help or hurt your credit score. A debit card isn’t &hellip Continue reading
Closing extra plastic could hurt your credit score
Q. We have a number of credit cards that have credit limits totaling tens of thousands of dollars that we never use, and don’t intend to use. Do you recommend canceling them? Would canceling them improve our already excellent credit score or would it be detrimental?— Looking to improve A. In these days of economic &hellip Continue reading
Ways You Can Hurt Your Credit Score…And Not Even Know It
We all know that making late payments or having credit card accounts in collections can hurt your credit score. With credit tight these days, a good score is more important than ever. Here are some surprising things that can affect your score. 1. Disputing a credit card bill-It’s your right to dispute, but beware-especially if &hellip Continue reading
5 More Surprising Things That Hurt Your Credit Scores
When I wrote recently about five surprising things that hurt your credit scores – things like renting a car with a debit card or financing the purchase of furniture – many people were shocked to learn that innocent, everyday actions can wind up blemishing their credit reports. In reality, though, my initial list of five &hellip Continue reading
Can Zero Card Balance Hurt Credit Score?
Dear Credit Card Adviser,If you don’t use your credit card, does it increase your credit score as long as the credit card company is reporting a zero balance? Some say you should charge a balance of less than 20% to show utilization. – Vira Dear Vira,Thanks for asking this question during our May 16 live &hellip Continue reading
Our view: Tax change would hurt working poor
A report from La Crosse Tribune: Our nation’s longest running war is the battle against poverty. Unlike other military engagements that take place on foreign soil, we fight poverty at home and the social problems it causes. One of the most successful tools in battling poverty is the use of earned income tax credits, which &hellip Continue reading