1. Checking your credit score yourself does not affect the score, but if you apply for a loan or credit card and your score is checked, it lowers your score temporarily. That is the difference between a soft pull and a hard pull. 2. Getting married does not affect your credit score since each person  … Read More

People can start benefits as early as age 62, but monthly payments increase the longer a person delays, up to age 70. One study found that 57% of retirees would build more wealth over their lifetimes by waiting until they reach age 70 to start collecting their Social Security benefits. But in reality, most people  … Read More

To prevent identity thieves from gaining access to your child’s credit and setting up phony accounts in your child’s name, freeze the child’s credit. A child is defined as anyone age 15 and under. Freezing the report is free. Visit the website of the three major credit bureaus to get specific information on what information  … Read More

There are no fees to enroll borrowers in federal loan programs such as income-driven repayment plans. Anyone can enroll for free, and the process is not difficult. To avoid scams, never pay up-front or monthly fees to a third-party company claiming to offer or expedite student=loan forgiveness. Avoid companies that promise fast loan forgiveness or  … Read More

Housemates should be dependable, considerate, financially stable, and share your values. Becoming housemates is a financial partnership. There are different home ownership structures. Your lawyer can provide legal advice as to which alternative will help you minimize your risks. Make sure to have a professional review each would-be housemate’s financial circumstances. Agree which bills should  … Read More