Equi-what? Why the Equifax Breach is a Big Deal for Everyone

You may have heard of the big Equifax breach from your parents, friends, or co-workers. So what is this mysterious company and why is its data breach a big deal? Equifax Remember when we talked about credit scores? Equifax is one of the three companies that tracks your credit history. The others are TransUnion and … Continue reading Equi-what? Why the Equifax Breach is a Big Deal for Everyone

How to build credit as a teen

Credit is an amazing word. It gets used for all sorts of things, like crediting a source in a research paper or giving your brother credit for not stealing all your Cheetos even though they were RIGHT THERE waiting to be stolen. In the money world, credit is a big deal. Without credit cards, online … Continue reading How to build credit as a teen

What is a Credit Utilization Ratio?

In my article about what a credit score is, I talked about the factors that affect a credit score. Most of them are pretty straight forward. However, the second-most-important factor, your Credit Utilization Ratio (CUR), is a little trickier because it's all about percents. I can feel all you math-phobes out there starting to sweat, but … Continue reading What is a Credit Utilization Ratio?

What is a credit score?

You might have seen the commercials for sites and credit cards that give people access to their credit scores. All the people in those ads seem so surprised and excited to get their credit score, and it always shows a screen with some number in the 700s on it. But, you might be thinking, what … Continue reading What is a credit score?