How Long Does Negative Information Stay on Your Credit Report?

How Long Does Negative Information Stay on Your Credit Report?
Smart Quiz: How Long Does Negative Information Stay on Your Credit Report? A) Seven Years B) Ten Years C) Forever D) Until Paid Answer: Seven Years Your credit score is one of several factors that go into determining final approval on a new line of credit. If you happen to have something negative on it, like a late payment or a past bankruptcy, it can...

New Scam: Grandkids In Distress

What Phone Scam is Easiest to Fall For
Seniors make twice as many purchases over the phone as any other age group. That leaves them wide open and vulnerable to scams involving phone calls. Because everything is done over the phone and disposable numbers and phones are tossed when the scams are complete, the perpetrator is almost impossible to catch. And when it comes to scamming seniors for...

How to Check Your Credit Report for Errors

How to Check Your Credit Report for Errors
(FinancialHealth.net) - Your credit score is a measurement of your financial history. If you have a low credit score, it’s harder to get loans, and if you are able to finance anything, you’ll pay thousands of dollars more in interest than someone who has a good credit score. This is why you need to check your credit report at...

Text Message Scams and How They Threaten Your Finances

Text Message Scams and How They Threaten Your Finances
(FinancialHealth.net) - Text messages are easy to send and receive, allowing people to communicate at their will instead of when the other person answers the phone. However, don’t think that just because you’re texting you no longer have to deal with telephone scams. Sure they may not call you at all hours of the day, but many scammers are...

Why Rewards Credit Cards Aren’t All They’re Cracked Up to Be

Why Rewards Credit Cards Aren't All They're Cracked Up to Be
(FinancialHealth.net) - Rewards credit cards seem like such a great option. Not only do you get to have a line of credit in your name to spend as needed, but you can also earn ideal rewards each time you use the cards. While this may sound like a great deal to many, rewards cards aren’t actually all they’re cracked...

When Should You Cancel an Unused Credit Card?

When Should You Cancel an Unused Credit Card?
(FinancialHealth.net) Smart Quiz: When Should You Cancel an Unused Credit Card? A) You Should Never B) You Should Always C) If It Has a Fee D) If High Interest Rate Answer:  C) If It Has a Fee Between paying down debt and boosting your credit score, balancing finances can be challenging. The ultimate goal is to have enough buying power to make big purchases at a...

Which One of These Company Names Would a Scammer Use to Steal Your Account Information?

Which One of These Company Names Would a Scammer Use to Steal Your Account Information?
(FinancialHealth.net) Smart Quiz: Which One of These Company Names Would a Scammer Use to Steal Your Account Information? a. Costoco.com b. Amazon.com c. Google.com d. Nike.com Answer: Costoco.com A simple typographical error or spammy ad link could land any one of us on a website that looks legitimate but has actually been designed to steal our personal information. Typosquatting is a common scam, but it is...

The Only Time It’s OK To Give Out Personal Financial Information Over The Phone Is When…

The Only Time It’s OK To Give Out Personal Financial Information Over The Phone Is When…
(FinancialHealth.net) Smart Quiz! The Only Time It’s OK To Give Out Personal Financial Information Over The Phone Is When… Answer: You Called First Sophisticated scam artists are calling people from what appears to be their bank’s Caller ID and will seem to have your personal banking information, including digits of your account number, home address, employment information, mother's maiden name, and even items...

0% Balance Credit Card Transfer Offers – What Factor Is Most Important?

When Considering 0% Balance Credit Card Transfer Offers, What’s Most Important?
(FinancialHealth.net) Smart Quiz: 0% Balance Credit Card Transfer Offers - What's The Most Important Factor? Duration of Promotion Interest Rate Type of Debt Credit Limit Answer: Duration of Promotion Being stuck in credit card debt can feel like being trapped in an endless pit with with no way to climb out. One way to get out of credit card debt is to...

What is the #1 cause of major asset seizures after 65?

What is the #1 cause of major asset seizures after 65
(FinancialHealth.net) Smart Quiz! What is the #1 cause of major asset seizures after 65? Answer: Medical Coverage Gaps Specifically, Medicare has so many limits and hoops to jump through that you could develop a whole new medical issue just dealing with them. Medicare Part A has no monthly premium and primarily covers hospital care, but it has a hefty copay for overnight stays...

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(Recall Alert) Make Sure Your Picnic Supplies Are Safe

Don’t Pack a Lunch Until You Check These Items Been to the store lately to pick up some buns for a family get together or...