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The Difference Between Hard Pull and Soft Pull Credit Inquiries

Not too long ago, I switched to a different Internet provider. When I called to set up my account, the customer service rep asked for my Social Security number. I wondered why it was needed, and he told me that they would be checking my credit. “Is this going to be a hard pull?” I … Read more The Difference Between Hard Pull and Soft Pull Credit Inquiries

Borrowing Money from Lending Club and Prosper

You might have noticed that banks aren’t lending as readily as they used to. The recent credit crisis and economic recession made it difficult to get an unsecured personal loan from your bank — even for a secured loan like a HELOC. The difficulty associated with obtain loans through traditional banks has contributed to an … Read more Borrowing Money from Lending Club and Prosper

Different Types of Credit Scores: FICO, FAKO, and Enhanced

Your credit score is one of the most important figures associated with your finances. And you have likely heard the television and radio commercials touting that you have three credit scores. However, you actually have more than just three credit scores. There are a many ways to calculate your credit score based on what type … Read more Different Types of Credit Scores: FICO, FAKO, and Enhanced

The Pros and Cons of Making a Credit Card Balance Transfer

I have discussed using balance transfer credit cards to help you reduce your debt more quickly. As such, I think it’s prudent to go over the advantages and disadvantages of using a balance transfer credit card and also how to make a balance transfer. Hopefully, this will help you better understand what is involved and … Read more The Pros and Cons of Making a Credit Card Balance Transfer

Starting Over by Declaring Personal Bankruptcy

The recent recession hit many people hard. But it’s not only recession related issues, such as job loss, that can cause financial problems. A big medical emergency or accident can deplete your finances — even when you have health insurance. Divorce can also result in financial devastation. And, of course, sometimes we make huge money … Read more Starting Over by Declaring Personal Bankruptcy

How to Deal with Debt Collectors and Stop Harassing Calls

Owing a debt that you are behind on can be a humiliating and frustrating experience. When your unpaid bill is well beyond being past due, it is written off and sold to a debt collection agency. The collection agency buys your debt for pennies on the dollar and any money they get you to pay … Read more How to Deal with Debt Collectors and Stop Harassing Calls