Month: August 2012

What is an Auto Credit Score?

If you follow our blog, you have undoubtedly learned that credit affects your ability to find reasonable car loans and insurance rates. Although this fact remains true, the advent of the Auto Insurance Score (AIS) has created a new level of creditworthiness for potential borrowers.

Like a traditional credit score, the AIS is graded on a scale to determine a borrower’s risk. While a traditional credit score ranges from 300-850, the AIS ranges from 150-950.

Why do we need another credit score?

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Reverse Mortgages and Stability – Are Your Finances Safe?

Saving for retirement is a lifelong goal, one that many struggle to reach. According to a CNN Money survey, 30 percent of people in their 60’s have saved less than $25,000 for retirement. When the age of retirement approaches and money is tight, what are your options? Do you live on credit cards and hope for the best? While some toy with credit repair risks and others resign themselves to another 20 years in the workforce, many are looking for creative alternatives.

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Personal vs. Professional Credit — What Every Business Owner Should Know

Starting a business is an exciting venture—one that can also be risky when personal credit is on the line. A savvy CEO understands how to minimize this risk by keeping personal and professional finances separate. Read on to understand the difference.

Personal credit repair should never include entanglement with business expenses. To help entrepreneurs in the arena, the credit bureaus allow them two credit reports: Consumer and business. Below are some commonly-asked questions. Take some time to learn about the facets of business credit and how it relates to you.

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The College Student’s Guide to Financial Stability – How to Avoid Credit Repair

Credit repair is a strange animal. Often, its strength lies in prevention as well as mitigation. While credit may be the last thing on your young, collegiate mind, taking your first steps into the real world will be easier with the right tools by your side. Sharpen your credit score by adhering to the tips below. Planning for the future starts now.

• Say no to unnecessary loans

The average college kid lives on mac and cheese and only does laundry once a month. Why? Cash flow. Education is expensive and the cost of tuition grows each year. Despite your current financial setbacks, applying for unnecessary loans will only increase the burden down the road.

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Aging Parents and Debt—How to Protect Your Credit from the Backlash

Losing a parent is never easy, especially if you are responsible for settling their estate. The emotional turmoil coupled with logistic concerns is more than many people can handle. To make matters worse, you may be responsible for paying your parents’ debts, resulting in lost income and potential credit score damage. When your parents pass away, what will you owe? Read on to learn the answers.

Step One: Protecting Your Credit

Credit damage is usually the last priority when faced with the loss of a parent. However, the reality of mounting bills could make a world of difference. Prepare yourself by learning more about what you owe, including:

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