Carrying a Credit Card Balance for the First Time

If you’ve always paid your credit card balance in full every month, it can be disconcerting to find yourself carrying a balance for the first time. The balance might be the result of having a little more fun than your cash flow can accommodate, or it might be a consequence of something serious, such as a job loss or medical emergency. Either way, it’s a sign that you might need to re-evaluate your use of credit cards, and think about how to manage your new balance responsibly.

Here’s how to manage the debt and prepare for the next financial challenge.

Examining the cause of the debt

Before […] Read more

Which Credit Cards Give Free FICO Scores?

Psst! Wanna see your FICO score?

Years ago, your FICO score was a secret that lenders didn’t want you to know. Then the Fair Credit Reporting Act enabled you to request your credit score from the credit bureaus, but you had to pay for it. Now we’re in the free score era.

In 2013, Fair Isaac Corp., the company that created the FICO score, launched its FICO Score Open Access program, which allowed lenders to give their customers free FICO scores. More than 50 now do so. The next year, the Consumer Financial Protection Bureau called on major credit card issuers to offer free credit scores […] Read more