Musings on Money, Personal Finance, Frugality, Debt, and Other Matters
I was reading this article about “How many credit cards are too many?” on the American Chronicle [noticed it earlier on Binary Dollar] and realized that it was actually dishing out advice that can hurt some people’s credit scores. It’s not a *horrible* article, but the problem is that it mixes good advice with […]
Add to: del.icio.us | Digg | Yahoo MyWeb | Google | Netscape | StumbleUponI mentioned in an earlier post that, about six months ago, I involved myself in some 0% APR credit card arbitrage. Here, I will document a few things about my current credit score (as compared to my score before the arbitrage), that may interest some of you. If you don’t know what I am talking […]
Add to: del.icio.us | Digg | Yahoo MyWeb | Google | Netscape | StumbleUpon If you are worried about what happens to your credit score when you apply for a new 0% APR card, then this tip is for you.
Here is what myFICO.com says about factors that do not affect your credit score:
Your own credit report requests, credit checks made by businesses […]
It’s about time I checked my FICO credit score ( rather multiple credit scores ) - been 6 months since I applied for a couple of 0% APR (balance transfers) cards and transferred large balances from the cards to my HSBC Direct account. Now, I want to see if things have gone haywire (or not) […]
Add to: del.icio.us | Digg | Yahoo MyWeb | Google | Netscape | StumbleUpon Lets see the “why” first, and then I will mention a few points from a Bankrate.com article about “how”.
Why does bad credit hurt?
Come to think of it, your credit history is really keeping a track of your financial responsibility more than your “credit-worthiness”. People who lend money to you are interested in knowing […]
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