• I stopped using credit cards completely in an attempt to get out of debt - here's what happened

    2 monthes ago - By Business Insider

    Credit cards play a large role in debt for Americans.
    Author Laura McCamy stopped using credit cards to pay off her debt; however, with no revolving credit, her credit score evaporated and it affected her ability to get a loan.
    Though giving up credit cards can help you get out of debt, there are some unexpected problems that come with cutting the cards.
    I am a shopaholic. I find it hard to resist cute things and the world is filled with cute things.
    When I got my credit card bill and I was bummed about my high balance, I would cheer myself up by shopping - and charging my purchases on my...
    Read more ...

     

  • 9 surprising things that affect your credit score

    9 surprising things that affect your credit score

    2 monthes ago - By Business Insider

    At the end of the day, your credit score will either help you or hurt you. While having a low credit score isn't the end of the world, it can make it tougher for you to complete certain tasks, like taking out a loan or renting an apartment. And, with a low credit score, lenders, and even potential dates , may question whether or not you are trustworthy.
    Most people are aware that debt collections, and bankruptcies are red flags on a credit report, but there are so many more things that you may not even realize are impacting your credit score. Keep your credit card utilization low.
    Having...
    Read more ...