Use the right type of card to build your credit score.

Credit Cards: The Right Ones if You Have Bad Credit

Credit Card - Scrabble

Which one is right for you?

While the idea of using a credit card when you have a history of bad credit can be frightening, it is hugely important to do so. The realization is that using credit cards, or more specifically, paying off your credit cards, is a way to build your credit. But the only way you can pay off a credit card is if you use it every month and eliminate the month’s balance without fail.

Certainly this is not an overnight process. It will take time and commitment to keep your spending at a responsible level that you are sure you can pay down each month. Also, applying for a new credit card with features that will work in your favor is a wise move. You may not be aware of it, but there are credit cards that are designed for those with bad credit.

Applying for a new credit card while you have bad credit does not come with guaranteed approval. You need to make sure you are doing what you can to get your credit on track when you apply. However, applying with bad credit also doesn’t mean an automatic rejection. But it is important you know what type of card to apply for. Continue reading…

Your credit history could change for the better.

New FICO Score – What You Need to Know

FICO_LG_COLOR1The credit score is in the process of receiving an overhaul. While that sounds a bit odd, The Wall Street Journal reported on the announcement last week, made by the Fair Isaac Corp., which is the creator of the most widely used consumer credit scores, such as FICO. The new and improved FICO score is changing the approach slightly. But what does this mean? And more importantly, does it change your credit?

Well, in fact, the new FICO score will change your credit history, but for most people it’ll be in a positive way. While the plan hasn’t been fully adapted and is still only in a pilot phase, financial professionals are expecting a big change in who is eligible for financing based on their credit. Essentially, the goal is to extend credit offerings to those borrowers who may not have been approved previously.

Many don’t have FICO scores

When it comes to a credit report, FICO is the biggest name in the game. If consumers want to seek out financing, lenders will check their credit history, which in most cases will include a FICO report. Continue reading…


Rebuilding Your Credit After Bankruptcy


It’s okay – start from the ground up!

Bankruptcy can be a scary word, especially for those going through the process. But it doesn’t have to be, and it absolutely shouldn’t make you afraid to spend after you emerge from the process. While it is impossible to rebuild credit overnight, it can absolutely be a liberating experience because you will be doing it debt free. Sure, you will be starting from the ground up, but you won’t be carrying the load you were before.

So what are some of the ways you can rebuild your financial standing after bankruptcy? Check them out here:

Stop feeling down

The first step to rebuilding credit is to stop feeling guilty about previous mistakes. Guess what, everybody makes them. In fact, so many people have made financial missteps that the bankruptcy process had to be created in the first place. But this is not a bad thing. It demonstrates that A) you are human, and B) that you live in a society that is willing to help you out. Both of which are important. Continue reading…


Taxes Are Due: Your Checklist for Filing

Tax day is quickly approaching.

Tax day is quickly approaching.

There is a good chance you have already completed the necessary paperwork and filed your taxes. However, there are many people who like to wait until the last minute and are putting their information together now. If you have already filed your taxes then you are in good shape. But if you have not, not to worry – you still have time to get everything you need and file your taxes properly by the April 15 deadline.

Don’t rush when getting your tax paperwork in order! This can lead to mistakes. Instead, consider the following items to ensure you have everything ready to go to file your taxes:

Get your necessary documents in order

There are forms you need to have when filing your taxes, as you are certainly aware. These forms include W-2s for every job you had in 2014. These are important because they identify your dates of employment and the wages you acquired. Continue reading…


Resume Refresh Part 2: Websites for Job Leads

Take advantage of job recruiting websites.

Take advantage of job recruiting websites.

So you have polished up your resume and purchased a cardstock that you are confident will make your experience jump off the page. Nicely done! You are taking the steps you need to take to securing your next job. However, not all recruiters are waiting for pieces of paper. While your resume is presented professionally and is sure to impress any employer who reads it, there is more work to do.

If you haven’t uploaded your resume to job hunting websites such as Monster, LinkedIn or Indeed, then now is the time. In this digital era, it is increasingly common for employers and human resource teams to look for potential candidates on the Internet. Just as you use the resource as a means of finding available jobs, employers are on the opposite end hunting for potential new employees. Make sure you are part of their candidate search process.

If you are not familiar with job recruiting websites, or aren’t sure how to go about uploading your employment information where it will be found, then you have come to the right place. Read on for the second installment of our Resume Refresh series, and pick up a few tricks to nab your next great job. Continue reading…