Learn to Fix Your Credit Score

May 11, 2009 — -- It's time, once again, for me to answer your questions. I'm struck by the fact that the bulk of them are about credit and debt. That is certainly a grassroots measure of the times we are living in. I hope my answers are a help.

Question: Can I hold an auction, and if I can do I have to charge tax?

-- L.S., Pembroke Pines Fla.

Answer: This reader must have seen my "Good Morning America" story last week about people raising spending money by selling extra belongings at auctions. You will need to check with your state and your county to see if they require auctioneers to be licensed or registered.

Some jurisdictions have extensive requirements, others require nothing. And yes, you probably will have to charge sales tax. Alternatively, search here to see if there is an auctioneer in your area that auctions off general merchandise for the public.

Click Here to Ask Elisabeth Your Consumer Questions About This Topic or Any Other Consumer Issue

Question: How do I go about getting my credit score and not having to pay for it ? I am now a single mom and have to start all over again.

-- S., Hot Springs, Ark.

Answer: The government has guaranteed every American one free credit report a year from each of the big three credit bureaus, but you still have to pay for your score. The best source is myfico.com, because that is a genuine FICO score.

Be sure to choose the most basic option, which costs about $16. If you are applying for a car loan or a mortgage, then you can get your score for free, simply by asking the loan officer what it is.