Reader Q&A: Should I Close My Old Credit Card Account That Has a Zero Balance?

Reader Q&A: Should I Close My Old Credit Card Account That Has a Zero Balance?

Today’s reader question comes from our Debt Movement Facebook page. If you have a credit, budgeting or debt question that needs answered, head over to the Facebook wall to post your question, or email us anytime at debtfree@debtmovement.com. Reader Question: I have an open, old credit card account. I don’t want to close it because it [...]

Why Not Checking Your Credit Report Could Cost You Thousands

Why Not Checking Your Credit Report Could Cost You Thousands

Are you someone who doesn’t pay much attention to you credit report? Is it one of those things you don’t about it until it’s too late?

Read more to see first-hand, just how damaging not checking your credit report could be.
A newlyweds dream…

Derek and Cynthia had only just recently returned from their honeymoon down in the Bahamas.

The Right Way to Improve Your Credit Health

The Right Way to Improve Your Credit Health

I know what you’re thinking, “Is there really a wrong way to improve your credit health?” Simply put, yes there is. Here’s the wrong way to work on your credit health: obsess over it daily and let it control and define you. Seriously, even if this helped you increase your credit score, it’s definitely not [...]

The Truth About Paying Off Credit Cards and Your Credit Score

The Truth About Paying Off Credit Cards and Your Credit Score

It seems like it wasn’t long ago when no one cared about your credit score. Now I feel like it affects you in almost everything you do. The one thing I despise about credit scores is that trying to understand how they are really calculated is like trying to solve a calculus problem in a [...]