How to Get Approved for a Mortgage with a Lower Credit Score

[G]etting approved for a mortgage when you don’t have excellent credit can be tough. However, you can get that approval and start shopping for a house even if your credit score isn’t the best. While lenders will have a certain cut-off point for a low credit score, you can improve your chances of ...
How to Get Approved for a Mortgage with a Lower Credit Score

When You Can’t Pay Your Credit Cards

[P]erhaps you’ve had some unexpected expenses that wiped out your salary or you’ve had your hours cut at work. Whatever the reason, you don’t have enough money for all of your bills and the credit card seems the easiest bill to cut out.
The Danger of Not Paying
If you are unable to pay your cred...
When You Can’t Pay Your Credit Cards

Debt Collection for Your Tax Bill from the IRS

[T]he Internal Revenue Service is outsourcing its overdue tax debts to private collection agencies. A law was passed in 2015 allowing the IRS to contract with private debt collection agencies. This process will begin in the spring of 2017.
The IRS will partner with Pioneer, Performant, CBE...
Debt Collection for Your Tax Bill from the IRS

Is a Charge Card the Same as a Credit Card?

[Y]ou may have heard about charge cards but not really understand how they work. While you may think of them in the same way as a credit card, there are some fundamental differences.
No Balance Allowed
With a credit card, you can make a minimum monthly payment and carry the rest as a balance....
Is a Charge Card the Same as a Credit Card?

How Borrowing Money Impacts Your Credit Score

[W]hile your payment history has the greatest impact on your credit score, how much debt you have also affects it. It’s important to know this information before you borrow money.
Debt Utilization
One of the factors for your credit score is how much of a balance you have compared to your credit l...
How Borrowing Money Impacts Your Credit Score