He travels to the homes of all the good children in America in one night, he is the only known mammal able to lay eggs, AND he also happens to be a financial genius. He’s the most interesting bunny in the world. Wait, let’s back up for a second… “A financial genius?” You skeptically ask. Read on and I’ll prove it’s true. These are just a few things that the Easter Bunny has taught me about my credit.
1. Responsible behavior brings me nice rewards.
Your credit score impacts every major (and some minor) purchase that you'll make during your lifetime. In regards to making a purchase that requires financing, (i.e. a house or car) your credit score can dictate the applied interest rate and in some occurrences, can prevent you from being eligible to receive financing at all. How about the impact on your career? Nowadays, many employers run credit checks before hiring.
Do you want to own a car, buy a house, have a career and be an all-around sel... [More]
There has been a lot of discussion this week revolving around the Credit Card reformation act that became effective this week (If you missed the conversation, check out the Credit Legislation post for details). A result of the proposed legislation was a knee jerk reaction by the credit card companies to raise rates across the board to all of their customers, as future rate hikes will be regulated a bit more aggressively. Over the past few months, many good customers whose rates... [More]