Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Money Management Tips: When Celebrities Make Money Mistakes

Written by Ilyce Glink on October 12, 2011 in Real Estate  |   No comments

This may sound obvious, but if you are fortunate enough to enjoy personal wealth, the easiest way to hang onto it is to be smart about how you manage expenses, investments, taxes, and other pillars of personal finance and money management tips. However, in many…

This may sound obvious, but if you are fortunate enough to enjoy personal wealth, the easiest way to hang onto it is to be smart about how you manage expenses, investments, taxes, and other pillars of personal finance and money management tips.

However, in many cases, especially when it comes to celebrity culture, this is easier said than done. There are so many distractions and potential financial predators at large that it’s easy for those who live in a bubble to take their eyes off the financial ball.

Still, protecting your portfolio is a must. Here are some tips for the rich and famous, as well as those of us who live on Main Street, for securing and growing your net worth.

Pay your taxes—every year and on time

Are you listening Wesley Snipes? No one escapes the tax collector. Mr. Snipes, star of such iconic movies as “White Men Can’t Jump,” learned this lesson the hard way. He is presently serving a three-year prison sentence for tax evasion, having failed to pay at least $15 million of his share over a period of years.

If you can’t make the annual April 15 personal tax return filing deadline, file for an extension. However if you owe money, you’ll have to remit your best estimate—within 90 percent accuracy—with or without a return, by April 15. The alternative is to confront interest and penalties on any balance due.

Know your business partners

So many members of Hollywood’s elite were taken in by Bernie Madoff’s now infamous Ponzi scheme: Steven Spielberg, Kevin Bacon, and Zsa Zsa Gabor, just to name a few. With the benefit of hindsight, it is now clear that the SEC and investors should have uncovered Madoff’s scam far sooner than they did. Don’t take anyone’s word for anything nor be fooled by charisma and a nice smile. When it comes to your money, know with whom you’re dealing.

Even the rich need a budget

Rapper and entertainer MC Hammer made millions in record sales, endorsements, and concert revenues in the 1990s—then promptly lost it all and had to file for bankruptcy. The biggest factor was plain and simple overspending—on employees, lavish homes, and more.

No matter what your monthly income, there are certain allocation guidelines to which everyone should adhere, like the rule of thumb that housing costs should not exceed 25 percent to 30 percent of your income.

Marry well and draw up a will

Who can forget the long, drawn-out legal saga surrounding Anna Nicole Smith’s estate wanting to secure an inheritance from her deceased, much older husband J. Howard Marshall? We are free to speculate about the reasons why Smith would marry a nearly invalid man 63 years her senior, but the resulting court battle cost everyone involved millions in legal fees and years of their lives.

Marital prenups and solid wills are not just for the rich and privileged anymore, especially given that more than 50 percent of marriages end in divorce. Everyone has something to protect—in marriage and in death. Make sure to consult with an experienced legal professional before taking any major life steps.

Home Buying: The Low Down on No Down Payment Mortgages
Time to Refinance?
Housing Market Predictions: Good and Bad News For Real Estate
How to Avoid Paying Private Mortgage Insurance
The Beginning of the End of the Foreclosure Era

Ilyce R. Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate atThinkGlink.com and at the Home Equity blog for CBS MoneyWatch.

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.

No comments yet

Leave a Comment

Name :

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Real Estate Archive