MoneyMatters101.com Home
Information About Your Credit

Credit Report
Credit Score
Debt Collectors
FICO Scores
Who Has Access
Your Credit


Email Us

Credit Cards
Preventing Foreclosure
Who Has Access

Scholarships by State
Managing Your Money



Your Credit

Question: Do I really need credit?

Answer: No. No one has to have credit but it is almost impossible to go through life without credit in one form or another. Credit and debt is a way of life for most of people.

Question: I’m a college student and I’ve been offered credit cards. Should I accept them?

Answer: As a college student, you should be very careful when accepting and using credit cards. Many college students are finding themselves locked in a world of debt and bad credit because they don’t have the means to make credit card payments while attending school.

This is not to say “no” to accepting credit cards. It is meant as a warning to make you aware of the potential consequences.

Credit cards are very tempting when you don’t have the cash to purchase items that you want. If you accept credit cards, be sure that you are in a position to make the monthly payments before you start using them.

Question: My credit is not perfect and I want to buy a new car. What can I do to facilitate my purchase?

Answer: It really depends on how “not perfect” your credit is. If you have two or three thirty day late payments on your credit, some lenders will let you have an auto loan providing you show proof that you can make the payments.

On the other hand, if you have a history of late payments on your credit report, particularly if they are more than thirty days late, you will definitely have a problem getting the auto loan.


Book of the Month

Book about investing

Advertise on MoneyMatters101.com



Accessibility Policy| Terms Of Use| Privacy Policy| Advertise with Us| Contact Us

Use of this web site constitutes acceptance of the Terms of Use.

We are looking to create more mutually beneficial partnerships. If you are interested in partnering with MoneyMatters101.com, send us your proposal.


Link to MoneyMatters101.com