Best of Personal Finance Roundup: Credit Score Urban Legends Busted!

By Linsey Knerl

Welcome to Wise Bread’s Best of Personal Finance roundup. Today, we debunk those irritating credit score myths, share 10 kids foods that are nutritionally-misleading, and get you started on an interruption-free work day! 

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Credit Score Urban Legends: Busted! — Did you hear the one about how checking your credit score will actually lower it? False. ...

Reader Mailbag: The Nascent Musician

My two year old daughter is showing a tremendous nascent interest in making music. She sings constantly. She uses her hands as percussion all the time on her knees, on the table, and anywhere else she can use them. She climbs up to our keyboard and attempts to play songs.

Right now, I’m trying to figure ...

Why Was My Credit Limit Lowered?

Jennifer writes in:

Yesterday, I received a notice from [my credit card company] that my credit limit had been lowered from $10,000 to $4,000 on my primary credit card. I was immediately worried that my credit had been damaged by identity theft, so I checked it on annualcreditreport.com and there was nothing there at all. I’ve always paid all ...

Credit-Score Urban Legends – Busted!

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When Jeannine Pesce, a 37-year-old mom from Manahawkin, New Jersey, decided to quit her job and go back to school to become a nurse, she was sure it was a smart move toward a more secure future. But she’s planning to buy a home in 2010 and is worried her lack of income ...

Accounts Closed by Grantor Don’t Hurt Credit Score More

Diced up credit cards

Over the last year, since the CARD Act was passed, a lot of people have had their credit card limits lowered or their cards canceled. Credit card companies, faced with these new rules, are looking to reduce their risk and so they’ve cut a lot of inactive or low activity cards (or saddled them with fees). If you recently got ...

Understanding your FICO Score pt 1

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FICO scores, maintained by the Fair Isaac Credit Organization, are calculated from a number of different pieces of credit data that is found within your three credit reports. There are five different categories of data that this information can be grouped into. There are specific percentages that reflect how important each individual category is when it comes to determining your ...

5 Simple Tips To Save You Money

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Let’s start the week of right and help you start saving money right away this week. There’s a huge debate about whether or not people should worry about the little purchases in life like the “latte factor” effect, which involves getting rid of the smaller luxury purchases in life. We don’t find anything wrong with ...

Best of Personal Finance Roundup: 50+ Cheap and Healthy Party Foods for the Super Bowl

By Linsey Knerl

Welcome to Wise Bread’s Best of Personal Finance roundup. Today, we share over 50 cheap and healthy party foods you can serve during the "Big Game", why bonds may not be the safe investment you thought they were, and how you can use a bowl of rice and some rubbing alcohol to (possibly) save that waterlogged ...

Does a Credit Score Matter to Someone Living a Debt-Free Lifestyle?

Mary writes in:

My husband and I have been debt free for seven years. Hooray! We cancelled all of our credit cards in 2001 and paid off our home mortgage in 2002.

A few weeks ago, our homeowners insurance premium went up substantially. I called our agent to ask why and he told me that our premium was automatically ...

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