money-really-can-buy-happiness

Blue Water Credit’s top-10 blog posts of 2016.

As the confetti falls on another New Year and the calendar page flips to 2017, we’re reminded by how truly incredible 2016 was. To commemorate the last 365 days and say goodbye to 2016, we decided to put together our top-10 blog posts of the year, as determined by reader views.

As always, thanks for reading, sharing, and follow Blue Water Credit, and please reach out to us if you need any advice or help with your credit score in 2017. ...

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21 Financial Red Flags (Part 2)

These days, so many people are struggling financially, failing to save, awash in debt and student loans, shut out from home ownership, and wondering how they’ll retire comfortably. So it’s more important than ever to identify the red flags in our financial picture, and then fix them.

In part one of this blog we covered the first 7 financial red flags to look for. Here are 7 more to identify in case you’re inadvertently sabotaging your finances, and most importantly, action ...

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20-surprising-facts-about-your-credit-score-pt-1

20 Surprising Facts About Your Credit Score (Part 2)

Do you fully understand how your credit score it calculated and reported? You probably know that you should always pay your bills on time, not max out credit cards, and keep up to date on your mortgage, but if you’re still a little shaky on how the rest of it works, you’re not alone. However, there’s a whole lot beyond the basics of credit score and sound financial practices that the vast majority of Americans have no clue about!

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20-surprising-facts-about-your-credit-score-pt-1

20 Surprising facts about your credit score

Do you fully understand how your credit score it calculated and reported? You probably know that you should always pay your bills on time, not max out credit cards, and keep up to date on your mortgage, but if you’re still a little shaky on how the rest of it works, you’re not alone. However, there’s a whole lot beyond the basics of credit score and sound financial practices that the vast majority of Americans have no clue about!

Here are ...

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what-can-lower-your-credit-score-in-china

In China, dissenting political remarks, traffic violations, and even not visiting your parents enough can lower your credit score!

Many people are slightly confused as to how credit scoring works here in the U.S., with different scores, three separate credit bureaus, and even multiple scoring models. But our credit scoring system is downright easy compared to the system of credit in China – where confusion and even bizarre factors abound.

In fact, one of the things that could potentially drop your credit score in China is if you have elderly parents and don’t visit them enough! Believe it or not, ...

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credit-scores-and-presidential-candidates

Kanye West, late night TV, and favorite presidential candidates are just some of the wild factors that predict our credit score.

Your credit score is based on a lot of factors, like how much debt you hold, your history of paying on time, and the length of time you’ve held positive credit accounts.

But is it possible that what kind of music you like, what you watch on late-night TV, and even what kind of phone you use is a telltale sign of if you have excellent or poor credit?

WalletHub.com did an extensive survey of 1,000 individuals, and then normalized the ...

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when-your-credit-balances-are-reported-to-bureaus

​Can you determine when your credit balances are reported to the credit bureaus?

Your credit card bill, mortgage, or auto loan statement may have a Due Date prominently displayed, but when do those lenders actually report your balance – or if your payment is late – to the credit bureaus?

Knowing when each of your credit accounts reports can serve as a valuable aid in managing your credit score and finances. For instance, if you purposely pay down a credit card balance by this date – not just the due date – your credit ...

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15-things-that-wont-affect-your-credit-score

15 Things that WON’T affect your credit.

We spend a lot of time on this blog scrutinizing the factors and financial decisions that affect our credit scores, but we realize it’s important to educate consumers what WON’T hurt their credit scores. But as you go down this list, remember that there are different credit agencies and scoring models that treat things differently, and we always advocate paying all of your bills and debts on time. That being said, here are 15 things that WON’T hurt your credit ...

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where-your-score-starts-affects-how-much-a-negative-item-will-hurt

Are all credit score drops treated equally? Where your score starts affects how much a negative item will hurt it.

Missing a payment, maxing out a credit card, or having an unpaid account submitted to collections are all things that could hurt your credit score. Likewise, too many inquiries of the wrong type, a bankruptcy, and applying for a store credit card may also drop your score. But most people don’t realize that how much your score drops – just a few points, or sinking to new lows – depends on what your credit score was BEFORE the damage occurred.

It’s ...

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How-long-will-negative-items-stay-on-your-report

How long do negative items stay on your credit report?

How long will late payments, collections, bankruptcies, foreclosures, and other negative items remain on your credit history?

So you slipped up and missed a credit card payment once, or the dog ate the bill for your last car loan payment so it wasn’t paid on time. Inevitably, life will throw some circumstances at us that end up as negative items on our credit report. But the question we set out to answer today is, “How long will negative information STAY on our ...

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