Whether you foreclose, do a short sale or go through a deed in lieu of foreclosure your credit is shot. The extent to which your score falls may differ, but to any future creditor it is all the same. Not only that but when you apply for credit in a few years, its really important [...]

Suze Orman describes herself as a personal finance expert. Most of the time I agree with the advice she dispenses. However, there are times when I scratch my head and wonder where she gets her information. What worries me about a recent article she wrote is the confidence with which she dispenses advice based on [...]

What is a credit score worth to you? What does it matter whether you have a 720 score or a 695? It’s only 25 points? Well according to MyFICO, a division of Fair Issac, this 25 point difference could cost you almost $31,000 in extra interest payments over the life of the loan. So, in [...]