Tuesday Roundup: Maintaining a Credit Card Balance Doesn’t Help Your Credit Score
Posted on June 12th, 2012
Maintaining a Credit Card Balance Doesn’t Help Your Credit Score. “File this one under deadly credit scoring myths. For some reason, probably due to the clandestine nature of Fico’s credit scoring algorithm, many consumers believe carrying a balance on a credit card will benefit their credit score somehow. This can’t be further from the truth, and in reality, can be quite detrimental to one’s finances.” The Truth About Credit Cards
Score! 21 Birthday Freebies to Treat Yourself With “Your birthday is a special day, and what better way to celebrate your birth than to spoil yourself with freebies? Here are a list of birthday freebies you should totally take advantage of.” SavvySugar
Family net worth plummets nearly 40%. “The average American family’s net worth dropped almost 40% between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve.” CNN Money
20 Things I Should Have Known About My Finances At The Age Of 20. “I can’t really remember what got me thinking about this list of what I should have known better about my finances in my 20s. Maybe it was Corey’s list of 16 Ways To Improve Your Finances that make me think. Heaven knows that I have made a few financial mistakes along the way.” Money Q&A
When to Switch to a Prepaid Cellphone. “It may no longer pay to commit to a cellphone contract. As carriers like AT&T and Verizon eliminate their unlimited data options and consider raising rates on voice minutes, experts say there’s growing appeal for wireless plans that let users pay month-to-month.” SmartMoney
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