Monday 30 June 2014

Why an Emergency Fund Can Save Your Credit Score

You’ve probably heard the advice that almost everyone should have an emergency fund. If you’ve never started one, you should probably consider doing so. While there are many reasons for having one, here is another: it can save your credit score.
Protecting Your Credit Score
An...
Why an Emergency Fund Can Save Your Credit Score

Friday 27 June 2014

Reasons to Check Your Credit Score

If you’ve never checked your credit reports or score, you’re not alone. Many people don’t see the need to check their credit. They may pay their bills on time and assume they have great credit. Or they may have messed up in the past and be pretty confident that their score is...
Reasons to Check Your Credit Score

Thursday 26 June 2014

Is There a Catch with Free Credit Reports?

When someone says something is free, we often wonder if there is a catch. It makes people just a bit wary because you learn early in life that nothing is truly free. So, is there a catch or trick to getting a “free” credit report?
Yes – and No
It depends on where you look for a free c...
Is There a Catch with Free Credit Reports?

Is a 671 Credit Score Good?

If you have a credit score of 671, you may wonder where that puts you on the list of good to bad credit and what it means. While this is a score that is better than a lot of others, there is still room for improvement. The good news is that it shouldn’t be hard to see your score continue...
Is a 671 Credit Score Good?

Wednesday 25 June 2014

Why Credit Scores Matter When Looking for an Apartment to Rent

Most people are aware that credit is important when it comes to buying a home. However, they may not realize that it is just as important when you are looking to rent. Many landlords are checking credit history before approving applicants.
While they can’t see the actual credit score,...
Why Credit Scores Matter When Looking for an Apartment to Rent

Tuesday 24 June 2014

Who is Responsible for Your Credit Information?

You generate a lot of date, and much of it is collected by companies. Everyone from Facebook to credit card companies is keeping track of the information they have on you. So, who is responsible for that information?
Limited Access
While you can demand a copy of your credit report from the major...
Who is Responsible for Your Credit Information?

Monday 23 June 2014

Is a 628 Credit Score Bad?

If you have a 628 credit score, you may wonder where that puts you. What can you do with a 628 score? Here is a look at what it means and how you can improve it.
What Does a Credit Score of 628 Mean?
Technically, you would be considered to have poor to fair credit, depending on the creditor and...
Is a 628 Credit Score Bad?

Friday 20 June 2014

How Parents Impact Their Kids" Credit Scores

Have you thought about what kind of credit score your child will have when he or she becomes an adult? While you may dream about their career choices, which college they attend or who they marry, you may not think about their future credit. That is a big mistake that can cost them in the...
How Parents Impact Their Kids" Credit Scores

Thursday 19 June 2014

Don"t Make These Common Credit Mistakes After Buying a Home

Many people start watching their credit when they decide to buy a home. They focus on saving money, reducing debt, and improving their credit scores. Once they get the keys to their new home, they may forget about their credit. They’ve reached their goal, and credit doesn’t seem to...
Don"t Make These Common Credit Mistakes After Buying a Home

Wednesday 18 June 2014

How Moving Companies Use Visa (Credit Cards) to Defraud the Public

Our mandate at Credit Score Resource to  provide you with information that will help you improve your credit score but to also provide you with information on fraudulent behaviour that certain industries use to deceive the general public. I received an e-mail from a lady by the name of Melanie ...
How Moving Companies Use Visa (Credit Cards) to Defraud the Public

Can You Fix Your Credit in Six Months?

Are you looking to buy a home or new car in six months or a year? You may be wondering if that gives you enough time to clean up your credit so that you can qualify for a loan. Is six months long enough to repair your credit?
What’s Wrong with Your Credit?
If you have some late payments or...
Can You Fix Your Credit in Six Months?

Tuesday 17 June 2014

Don"t Rely on Credit Score Calculators

Credit score calculators are wonderful tools for providing you with an idea of what your credit score might be. They are usually quick and easy to use and give you the information you are looking for in just a matter of minutes. However, don’t rely solely on them to gauge what your credit...
Don"t Rely on Credit Score Calculators

Monday 16 June 2014

Should Employers Be Allowed To View Your Credit? How Effective Is The Practice?

When you have a passion for your work as I do, you’re eventually going to encounter individuals that have a different point of view.  How those individuals discuss their contrary views says more about them than it ever will about what they’re debating.  The other day, Mr. John Ul...
Should Employers Be Allowed To View Your Credit? How Effective Is The Practice?

Is 582 a Good Credit Score?

If you have a 582 credit score, you may be concerned about what that means for you. While it is categorized as either poor or very poor depending on the model used, it is actually not as bad as it could be.
Room for Improvement
You do have a lot of room for improvement. If you have a credit...
Is 582 a Good Credit Score?

Friday 13 June 2014

Is a 489 credit score bad?

Let’s put it this way. With a range of 350-800, depending on what scoring model you are looking at, it could be worse. But it needs to be a whole lot better if you plan to buy a home, a car, or enjoy the good life.
The credit score of 489 means you have had some serious trouble with your...
Is a 489 credit score bad?

Thursday 12 June 2014

Is a 657 Credit Score Good Enough?

Checking your credit score is part of being financially responsible. Many people check theirs when they are considering a home or car loan. When they discover their score is 657, they may wonder if it is good enough.
Yes – And No
With a 657 credit score, you can enjoy a lot of benefits of c...
Is a 657 Credit Score Good Enough?

Wednesday 11 June 2014

TV Families with Bad Credit

Have you thought about the lifestyles of some of your favorite TV families? While some of them may live fabulous lives because of the money they have, many television families are just like everyone else. They work hard, raise their kids, and try to pay the bills. However, if you checked the...
TV Families with Bad Credit

Tuesday 10 June 2014

Why You Don"t Need a Perfect Credit Score

If you are a competitive, goal-oriented person, you may never settle for anything less than the best. This may be true even if you are trying to raise your credit score. As you work on improving your credit, you may set your sights on the perfect credit score, which in many cases is an 850....
Why You Don"t Need a Perfect Credit Score

Monday 9 June 2014

Why Income Doesn"t Matter to Your Credit Score

Some people mistakenly think that their credit score is affected by how much they make. However, this is not the case. And when you get a promotion or job change that includes a pay raise, it won’t be reflected in an improved credit score. At least not in the way you think.
Not...
Why Income Doesn"t Matter to Your Credit Score

What You Should Know about Being an Authorized User to Protect Your Credit Score

One of the best ways to improve a low credit score is to become an authorized user on someone else’s account. If they have an excellent credit history, this will help your credit score to rise. However, there are things both parties need to be aware of before taking this action.
The...
What You Should Know about Being an Authorized User to Protect Your Credit Score

Friday 6 June 2014

Is a 536 Credit Score Bad?

You will find it very difficult to obtain financing if you have a credit score of 536. It’s not impossible, but there are few creditors willing to take the risk with a low credit score. For the offers you do qualify for, expect to pay higher interest rates. If you happen to qualify for any...
Is a 536 Credit Score Bad?

Thursday 5 June 2014

How to Improve Your Credit Score with No Work

You live a busy life with work, family and other obligations. You just don’t have the time to work on improving your credit the way you’d like to. Here are a few ways to improve your credit score without doing any work.
Age Your Accounts
This one requires nothing from you. Just keep...
How to Improve Your Credit Score with No Work

Wednesday 4 June 2014

Don"t Guess on Your Credit Score

You’ve probably seen those credit score calculators online if you’ve been looking for information on credit scores. They are easy to use and can give you a number in just a matter of seconds once you input the information. However, they are really just an estimate, a guess.
Another...
Don"t Guess on Your Credit Score

Tuesday 3 June 2014

When Fixing Your Credit Score Backfires

If you have a bad credit score and are trying to improve it so you can buy a house or car, you probably have been doing a lot of research online. You may be trying to find the best methods of credit repair that you can do yourself. You may even be looking for a quick fix so you can make your...
When Fixing Your Credit Score Backfires

6 Ways to Minimize Exposure to Identity Theft

Identity theft is on the rise, and shows no signs of slowing down anytime soon. And the perpetrators are becoming more sophisticated than ever. What’s even worse is that once you have been victimized, it can be a time-consuming nightmare to plead your case and sort things out.
Fortunately, there ...
6 Ways to Minimize Exposure to Identity Theft

What You Don"t Know About Your Credit Reports

Credit reports are often confusing. You hear a lot from experts that tell you to check your report for mistakes and know what is on it. But what happens when you look at your report and you don’t know what it means? There is a lot of confusing information on these reports, which is why...
What You Don"t Know About Your Credit Reports

Monday 2 June 2014

The Best Car Model for Buyers with Bad Credit Scores

If you are planning to buy a new car, you probably already have a wish list. You may know exactly what kind of car you want or have some features that are important to you. You also may be financially savvy and already know your credit score. But did you know that your credit score may influence...
The Best Car Model for Buyers with Bad Credit Scores