Money Matters - Simplified

credit score

How Does Debt Relief Affect Your Credit Score

Debt relief and credit score

If you are feeling overwhelmed by your debt load, you may be tempted to seek out debt relief. However, you must keep in mind that debt relief can have a negative effect on your credit score.

Teens' Guide to Buying First Car

Your decision to buy a car surely means a lot to you, but you need not create hullabaloo about it. Rather, simply follow The Money Times' step-by-step guide to simplify your car buying decision.

The Debit Card vs Credit Card

Although, there are many alternatives to cash like the credit and the debit cards, the common man is yet to understand the nitty-gritty involved in their usage.

Building a Desirable Credit Score

It is your credit score that will eventually determine your credit worthiness and make your access to loans and other kinds of financial instruments either easy or difficult.

Understanding Tightened Mortgage Availability

It's no secret that mortgage availability in the United States has been down in recent years. Prior to the global financial crisis, mortgages were a lot easier to get hold of, but now it seems you need a good credit score to stand a chance, and even that is no guarantee of success.

Credit scores fall behind consumers' backs

New York -- Millions of U.S. borrowers are finding their credit scores falling in the recession through no fault of their own, credit analysts said.

"The credit environment has a whole lot of moving parts that weren't there three years ago. Consumers can't just sit still and expect all is well," John Ulzheimer, president of consumer education for told USA Today.

Oliver Wyman, a consulting firm, reported a jump in consumers with seriously low credit scores from 34.4 million to 39.8 million between August 2006 and the March 2009, the newspaper reported Tuesday.