Dafuq Is Credit and How Do You Bend It to Your Will?

We’ve been getting a lot of variations on the same question recently: “How the fuck do I credit?”

How indeed? A lot of our readers are struggling with not only maintaining a good credit score, but with even understanding the whole concept in the first place.

It’s one of the many money terms I have the sneaking suspicion everyone else in my high school class was taught on a day I was absent.

Thus, I’ve been left to figure it out for myself over the years. And what I’ve found is reassuring: it’s not nearly as scary or complicated as you’ve been led to think. But like a pack of trained raptors, it must be treated with care and attention lest it rend you limb from limb.

Read More
How to Instantly Increase Your Credit Score

How to Instantly Increase Your Credit Score

If you’re trying to improve your credit rating, then one way is to lower your credit utilization ratio. That is, the amount you owe compared to the amount you could borrow.

It’s usually better to just pay down the principal, but sometimes that’s not possible. If you’re confident in your ability not to abuse it, raising your borrowing threshold will give your credit score an instant boost.

I’d assumed this was a complicated process requiring some degree of cringing. But it turns out increasing your credit limit is extraordinarily easy. An educator in my city’s free first-time homebuyer program described this method to me. I will try to transcribe it exactly as she said it:

Read More
How to Build Good Credit Without Going Into Debt

How to Build Good Credit Without Going Into Debt

As we’ve discussed, adult human beings need credit—good credit—to do lots of important adult things such as renting apartments and buying cars. But having debt, whether it be in the form of a balance on a credit card or just Ye Olde Stvdint Loane, can be fucking terrifying.

Fear not, gentle readers. For there is a way to build up good, healthy credit while neither increasing your debt nor your risk.

Read More