Dec
30
Are Credit Unions Better Than Banks?
December 30, 2006 | 5 Comments
I was listening to the radio the other day on my way home from work and heard an advertisement for a bank, then a few seconds later I heard and advertisement for a local credit union. Then I drove by a bank and then I passed a credit union. I had been mulling [...]
Dec
30
Ask WealthyReader – Should I Close Unused Credit Card Accounts
December 30, 2006 | 1 Comment
Question:
I have several credit cards I'm no longer using. If I close them will it raise my credit score? Is there any other reason not to close them?
Answer:
There are a couple of issues to consider.
First the effect on your FICO score. A FICO score is a generic credit score used to determine [...]