My Spouse Confessed to $4,500 of Debt Right Before We Applied for a Mortgage

After a year of looking for and preparing to buy a home, Nick and his wife finally found a place they wanted. They were in the middle of filling out mortgage pre-approval paperwork when Nick’s wife stopped him. She had never mentioned it before, but now that they were applying for a loan, it wouldn’t be a secret much longer: She had about $4,500 of credit card debt.

What Happens If I Don’t Pay My Credit Card Bill?

Many of us have thought, “What would happen if I just pretended this credit card bill didn’t exist? Hmmm…”

When There Are Different Points of Views About Money in a Relationship

Scenario: You have an extra $5,000 in your bank account. You’re up-to-date on all your bills, and you’re on track for savings goals, so you get to choose where to put that $5,000. You’d like to pay off the $5,000 remaining balance on a loan and get it over with. Your spouse wants to use $2,000 of it to get something for the house.

Who’s right?

How Credit Scoring Has Changed Since the Recession

Last month, I talked about meeting with the team at, and mentioned that I’d periodically link or post anything from them that I thought might be useful for our readers here. Here’s a piece discussing how our credit scores are determined, and how the scoring models have changed after the recession (your payment history, for example, is more important than ever before). This is our first time posting a piece like this. If there are any specific pieces about money you’re interested in seeing, feel free to email me and let me know, so I can keep an eye out for it in the future.