Erica Sandberg

Erica Sandberg

Bad Credit Expert

Erica Sandberg is a consumer finance expert and journalist whose articles and insights are featured in publications such as the Wall Street Journal, Reuters, MarketWatch, Forbes, and MSN Money. An experienced media host, she's led many financial programs, including her podcast, "Adventures With Money." She's appeared on Fox, CNN, "EconTalk" and "The Dr. Drew Podcast," and has been the resident money and credit authority for KRON-4 News in San Francisco for more than 10 years. Her book "Expecting Money: The Essential Financial Plan for New and Growing Families" was first released in 2008, and the 2017 edition is out now.

Latest Posts

(31) Total Posts to Date

Guide

8,626 views

13 min read

How Rate Shopping Affects Your Credit Scores

How Rate Shopping Affects Your Credit Scores

You’ll want to identify the best deal possible, which includes getting the lowest interest rate you can qualify... read more »

Erica Sandberg

By: Erica Sandberg • 4/20/22

Guide

14,794 views

13 min read

Credit Card Piggybacking — What It Is & How It Can Help Your Credit

How Credit Card Piggybacking Can Help Your Credit

If you haven’t established a credit history or your credit scores are low due to past credit problems, getting a... read more »

Erica Sandberg

By: Erica Sandberg • 3/31/22

Guide

21,744 views

11 min read

How Online Lending Networks Work

How Online Lending Networks Work

As a prospective borrower, one of the most important things you can do is conduct research before submitting your... read more »

Erica Sandberg

By: Erica Sandberg • 2/28/22

Guide

24,134 views

25 min read

Requirements to Get a Loan in 2022

The General Requirements to Get Approved For a Loan

When you want to borrow money from a financial institution, one of the first things you need to know is the... read more »

Erica Sandberg

By: Erica Sandberg • 1/31/22

Guide

54,247 views

15 min read

How Much Bad Credit Really Costs

How Much Bad Credit Really Costs

You can get approved for a credit product, in most cases, even if you have bad credit. However, a positive credit... read more »

Erica Sandberg

By: Erica Sandberg • 1/24/22

Guide

36,050 views

11 min read

Can You Get a Home Equity Loan With Bad Credit?

Can You Get a Home Equity Loan With Bad Credit?

As a homeowner with enough equity built up in your home, you can borrow against the portion of the home you own.... read more »

Erica Sandberg

By: Erica Sandberg • 11/16/21

Guide

89,504 views

13 min read

No Credit vs. Bad Credit — What’s The Difference?

No Credit vs. Bad Credit — What's The Difference?

Establishing good credit is important for most people. Doors swing open when you prove that you have a long history... read more »

Erica Sandberg

By: Erica Sandberg • 10/13/21

Guide

100,000+ views

11 min read

What Happens to Debt When You Get Married?

What Happens to Debt When You Get Married?

When you shift from single to married life, your financial habits and obligations shift with you. When it comes to... read more »

Erica Sandberg

By: Erica Sandberg • 9/20/21

Guide

73,164 views

13 min read

10 Tips For Securing a Mortgage With Bad Credit in 2022

10 Tips: Securing a Mortgage With Bad Credit

If your credit is bad but you want to become a homeowner with the help of a loan, don’t abandon your dream. Credit... read more »

Erica Sandberg

By: Erica Sandberg • 8/24/21

Guide

100,000+ views

11 min read

What Happens When Debt is Sent to Collections?

What Happens When Debt is Sent to Collections?

All is well when a credit card, loan, or bill is in good standing. The companies get what they want — the money —... read more »

Erica Sandberg

By: Erica Sandberg • 7/8/21

Guide

100,000+ views

11 min read

How to Compare Loan Offers in 2022

How to Compare Loan Offers

So, you want to take out a personal loan? Terrific! Plenty of lenders are ready to grant these financial products... read more »

Erica Sandberg

By: Erica Sandberg • 6/21/21

Guide

73,476 views

9 min read

7 Signs It’s Time to Stop Bailing Your Kid Out of Debt

7 Signs It's Time to Stop Bailing Your Kid Out of Debt

Teaching children of any age about wise credit usage is smart. By their 18th birthday, they should understand how... read more »

Erica Sandberg

By: Erica Sandberg • 6/10/21

Guide

100,000+ views

9 min read

How Does Loan Interest Work?

How Does Loan Interest Work?

When you take out any type of loan, the bank that extended the money to you will charge interest on the borrowed... read more »

Erica Sandberg

By: Erica Sandberg • 4/26/21

Guide

100,000+ views

11 min read

Average Debt By Age & Generation in 2022

The Average Debt By Age & Generation

Borrowing money, whether with a credit card or an installment loan, enables consumers to do all kinds of things,... read more »

Erica Sandberg

By: Erica Sandberg • 4/13/21

Guide

100,000+ views

13 min read

142 Largest Lenders in the U.S.

The Largest Lenders in the U.S.

One way to find out who’s who in the U.S. lending landscape is to concentrate on the financial institutions, from... read more »

Erica Sandberg

By: Erica Sandberg • 3/2/21

Guide

100,000+ views

9 min read

Average Credit Score by Age, Race, State & Income

Average Credit Scores by Demographic

Consumer credit scores, such as FICO Scores developed by the Fair Isaac Corporation, are used by lenders and other... read more »

Erica Sandberg

By: Erica Sandberg • 2/16/21

Guide

100,000+ views

11 min read

What is a Credit-Builder Loan and How Does it Work?

What is a Credit-Builder Loan & How Does it Work?

A credit-builder loan is a unique financial product designed to help people easily and affordably add positive... read more »

Erica Sandberg

By: Erica Sandberg • 11/30/20

Guide

100,000+ views

9 min read

Is Now a Good Time to Refinance?

Is Now a Good Time to Refinance?

Interest rates across the board are down right now. And if you currently have debt with a high interest rate, you... read more »

Erica Sandberg

By: Erica Sandberg • 9/8/20

Guide

100,000+ views

9 min read

9 Financial Resources for Families in Need

9 Financial Resources for Families in Need

Whether the U.S. is facing down a recession or a depression, one thing is certain: The economy is currently in a... read more »

Erica Sandberg

By: Erica Sandberg • 8/17/20

Guide

100,000+ views

7 min read

7 Ways to Manage Your Finances During Unemployment

How to Manage Finances While Unemployed

When you lose your job and the income that comes with it, the stress of meeting expenses can be intense. Your... read more »

Erica Sandberg

By: Erica Sandberg • 6/11/20

Guide

100,000+ views

13 min read

How to Refinance with Bad Credit

How to Refinance with Bad Credit

When a high interest rate is attached to a large loan, expect to pay a tremendous amount of money in financing... read more »

Erica Sandberg

By: Erica Sandberg • 6/23/20

Guide

100,000+ views

11 min read

9 Buy Here, Pay Here Pitfalls & Alternatives

9 Buy Here, Pay Here Pitfalls & Alternatives

You’ve seen the used car commercials: “Bad credit, no credit? We have instant financing!” Although enticing, the... read more »

Erica Sandberg

By: Erica Sandberg • 3/2/20

Guide

100,000+ views

9 min read

10 Ways to Recover from Bad Credit this Year

10 Ways to Recover from Bad Credit

Have some unfavorable items on your credit report? Take steps to restore your credit rating! There are many methods... read more »

Erica Sandberg

By: Erica Sandberg • 6/23/20

Guide

100,000+ views

11 min read

5 Payday Loan Pitfalls & Alternatives

5 Payday Loan Pitfalls & Alternatives

Payday loans are available in most states, and with them, you can borrow money against your future earnings. Just... read more »

Erica Sandberg

By: Erica Sandberg • 6/11/20

Guide

100,000+ views

9 min read

7 Credit Restoration Strategies & Services

7 Credit Restoration Strategies & Services

If your credit rating is not where you’d like it to be, you may wonder if there are credit restoration strategies... read more »

Erica Sandberg

By: Erica Sandberg • 11/22/19