The term credit can mean many things. For most people, it is the ability to borrow today and pay later. The idea of “credit-worthiness” defines our personal finances, and reaches out to all parts of our financial lives. Credit can be an accounting term. You can talk about credit cards, your credit history, your credit score, or the three credits you got in college for taking Bowling. This page is the credit nerve center of ThinkGlink.com. From this page you can learn more about what credit means and how having good, bad, or mediocre credit affects your personal finances.
Credit 101: What’s in Your Credit Report?
Post pandemic, credit continues to be a buzzword for consumers, but many people are unsure what part credit plays in their personal finances. In a new series, Credit 101, Ilyce Glink, an award-winning personal finance columnist and CEO of the financial wellness platform Best Money Moves, details important information you need to know about your [...]
Five Common Holiday Scams to Avoid in 2019
Five common holiday scams to avoid in 2019. Don’t be fooled by these popular holiday scams threatening to steal your information and then your identity. Anyone can be a victim of a scam. Just ask the 35,000 people who lost $10 million to an ongoing phone scam where scammers pretend to be from the Social [...]
Mortgage Delinquency is Down, Credit Delinquency is Up
Mortgage delinquency rates are down, credit delinquencies are up. CoreLogic reports 30-day-plus delinquency is the lowest it’s been in over a decade. It’s a good news, not-so-good news situation. First, the good news: More people are paying their mortgages on time. Unfortunately, credit delinquencies are up as more people are having trouble getting their [...]
Buyers Remorse: Is It a Bargain or a Bad Idea?
Buyer’s Remorse: Is it a bargain or a bad idea? Sponsored posts from influencers and ads in social media streams motivate Americans to buy into the hype. It’s the time of year when cash and credit fly around freely. But, it’s also the season of buyers remorse. It probably won’t surprise you to learn that [...]
Is Your Email Address Wrecking Your Creditworthiness?
Is your email address wrecking your creditworthiness? A recent study found that a person’s digital footprint can predict their financial behavior. Did you know your cell phone or email address can reflect your creditworthiness and might limit your ability to take out a mortgage? According to a recent study from Frankfurt School of Finance & [...]
I Think I’m a Victim of a Scam. Now What?
I think I’m the victim of a scam. Now what? If you’re getting bills from unheard of companies, pull your credit report immediately. Q: I’m wondering if I’m being scammed. I received what looks like a bill from a company in Pennsylvania claiming that I have a current balance due of $704.02 as of February [...]
Your Bankruptcy Recovery Plan
Having your bankruptcy recovery plan in place before filing will help you get back on track to rebuild your credit post-bankruptcy. This is how to get started. Q: My husband and I are going to file bankruptcy within the next 2 to 3 months on our personal accounts and our business. What is the best [...]
What To Do About Equifax And Your Credit
This post was updated September 20, 2017 and September 26, 2017. See below for most recent news. With all due respect to those injured by Hurricane Harvey and Hurricane Irma, it's the question of the week: What should you do about Equifax and your credit in the wake of the largest credit breech in history? [...]
Chapter 7 Bankruptcy Won’t Release a Lien On Your Home
[amazon_link asins='1524763438,0812927427,0061944874,0812925319' template='ProductCarousel' store='thinkglink-20' marketplace='US' link_id='36d9a71b-d934-11e7-aeaa-1552dd5cb7bf']While Chapter 7 bankruptcy clears your obligations to pay debts that you owe, it won't clear a lien your lender has on your property. Q: I went through Chapter 7 discharge but the bank will not release the lien on my home. What can I do? A: There is at [...]
Need a Credit Card Fast? Choosing Wisely Reduces Financial Stress Later
Need a credit card fast? If you choose that credit card wisely, it can reduce financial stress caused later by soaring APRs and a multitude of late fees. And remember: While credit cards and credit card debt can be a huge source of financial stress, particularly if you build up a significant balance, they can [...]