Authorized User: Will it Help My Credit Score?

by Merrill - Monday, April 9, 2012

At we are asked personal credit questions all of the time. Here is one on the topic of being added as an authorized user.

Q: I filed for bankruptcy almost three years ago and I finally have a couple of positive accounts on my credit report with a credit score of 650. If someone with a 773 credit score adds me to their credit card as an authorized user will it make my score go up? – Marcy

A: Dear Marcy,

Congratulations on getting back on track with positive accounts. We know how grueling the process can be after a bankruptcy. There are several items to consider when discussing the topic of authorized user. (more…)

Credit Optimization vs Credit Repair: Which is better?

by Merrill - Thursday, March 29, 2012

At we are continually asked the question, “What’s the difference between Credit Optimization and credit repair?” The simple answer is, Credit Optimization is a complete overhaul of your personal credit profile. It is a strategic plan of action that will (more…)

Will Cash Ever Become Obsolete?

by Merrill - Wednesday, March 28, 2012

Is Cash on Its Death Bed?

Human civilization has been looking for ways to improve currency since the introduction of shells over 3,000 years ago. Society has continually improved and streamlined our ability to buy and sell goods and pay for services. Cash notes have long been a staple of the world economy. Their growth has been spurred on by hoarding, the ease of international use, and low value transactions. There is a small share of cash that is in circulation and actually used for day-to-day transactions. Even with our global credit crisis, (more…)

Rewards Card – Easy Strategy to Get Your Rewards on Your Chase Sapphire Preferred Card

by Merrill - Tuesday, March 20, 2012

Chase Sapphire Preferred Rewards Card

Get Your Points

50,000 Ultimate Rewards PointsYou finally have the credit score you need to get the rewards card you want. Or, you could be like many of our CreditSense clients who are making a decision about which reward credit card you will get. At CreditSense we use the Chase Sapphire Preferred card. The two main reasons we like and recommend the Chase Sapphire Preferred card is because you can get 50,000 Ultimate Rewards Points, and Chase waives the annual fee for the first year. (more…)

Credit Tiers and How They Affect You

by Merrill - Wednesday, March 14, 2012

Your Credit Score is Like a Big Fork


Bank of America: Fees, Fees, Fees!

by Merrill - Thursday, March 1, 2012

Bank of America will get their money

It wasn’t long ago that the customer outcry from Bank of America customers “encouraged” them to change their mind on charging a $5.00 per month fee to use debit cards. If you remember, following the launch day of the Durbin Amendment interchange fee schedule, Bank of America was trying to figure out a new way to realize revenues they would lose because of the cap. They couldn’t make as much on debit card fees they charged merchants, so they though making up some of that loss from their customers was a good idea. Debit card fees, bad idea.

Now, according to the Wall Street Journal, not even one year later, Bank of America is looking to charge fees on checking accounts. (more…)

Credit Report: Breaking the Bureau’s code

by Merrill - Monday, February 27, 2012

Don’t fear your credit report

A Credit report can be intimidating and confusing if you aren’t a trained professional. Well don’t worry—you don’t have to be Tom Hanks trying to break the Davinci Code to know what those reason codes mean and how they affect your score, because in this post we solve that mystery for you. (more…)

Your Credit Score: Where does it come from?

by Merrill - Thursday, February 23, 2012

You’ve done your homework and found out that your credit score isn’t quite as good as you would like it to be. Or you are one of the lucky ones who has good credit and can qualify for a high value rewards card or major purchase. In either case it’s a great idea for you to know why your score is what it is


5 Credit score secrets the credit bureaus don’t want you to know

by Merrill - Wednesday, February 22, 2012

All it took was a quick perusal of some information released today to remind me of how much misinformation or partial information there is being shared with all of us regarding our credit scores. Here are five insights the credit bureaus don’t want you to know that can help you when you are trying to fix your credit and raise your credit score. (more…)

FICO SCORE: All Credit Scores Are Not Created Equal

by Merrill - Tuesday, February 21, 2012

What is your credit score?

When it comes to your personal finances the only number more important than your bottom line is your personal credit score. Your credit score is how every lender and creditor will judge you from the time you turn 18 (more…)