Thursday 31 July 2014

Getting a Credit Score Without a Credit Card

Ask almost any expert how to build or rebuild credit, and they will tell you to get a credit card. If you can prove you are responsible with that small line of credit, it will help establish your dependability for car loans and someday, even a mortgage. However, you may be wary of credit cards...
Getting a Credit Score Without a Credit Card

Wednesday 30 July 2014

Don"t Let a Move Damage Your Credit

When you are moving to a new place, you have a dozen things on your mind. Often, your credit isn’t one of them. At least not until you get a notice from a collections agency or you pull your credit report and find an account listed that you weren’t aware of.
How Credit Gets Damaged...
Don"t Let a Move Damage Your Credit

Tuesday 29 July 2014

Why Good Credit is Important for Single Parents

Having good credit is important for everyone. It affects many aspects of a person’s life, from buying a home or car to getting car insurance. It can even impact what job you get. But for single parents, a good credit score may matter even more.
When you get divorced and become a single...
Why Good Credit is Important for Single Parents

Monday 28 July 2014

Why Credit Scores Drop When You Pay Off Debt

Have you ever noticed after you’ve paid off your student loan, car loan or other debt that your credit score drops? How about after paying off your home mortgage or major credit card? Before you panic, there are a several factors as to why your credit score can fluctuate on a weekly b...
Why Credit Scores Drop When You Pay Off Debt

When An Old Debt Shows Up On Your Credit Report

You may be one of those people that likes to keep track of your credit on a regular basis, or you may be checking it for a future home purchase. Whatever reason you have for checking your credit, you get a sickening feeling when a debt shows up on your report and knocks your credit score down – d...
When An Old Debt Shows Up On Your Credit Report

Friday 25 July 2014

Credit Repair Scams: Just Say No

Many people want better credit. They know the key to getting a new car or home is a good credit score. If they have had trouble with credit in the past, they may feel that it is impossible to erase their bad choices. While this is often true, there are plenty of companies that tell you they can...
Credit Repair Scams: Just Say No

Thursday 24 July 2014

How to Tackle Debt to Raise Your Credit Score

One of the things many people do when they want to improve their credit score is to tackle their old debts. They believe that by paying off old credit cards, collections and other debts, they will improve their credit rating and qualify for that mortgage or car loan they want. Here are some...
How to Tackle Debt to Raise Your Credit Score

Wednesday 23 July 2014

How Other People Can Ruin Your Credit Score

Most people know that they can damage their own credit by the decisions they make. They also realize what those decisions are. However, they may not think about the ways that other people can also damage their credit scores.
When You Co-Sign
If you co-sign on any account, your credit could...
How Other People Can Ruin Your Credit Score

Tuesday 22 July 2014

How Often Should You Look at Your Credit Reports?

You hear a lot of advice about checking your credit reports, always knowing what is on those reports. You never know when you could be the victim of fraud if you don’t check them. But how often is too often and when do you really need to check up on your credit reports?
Looking for Loans...
How Often Should You Look at Your Credit Reports?

Does Age Matter for a Credit Score?

You may wonder if your age factors in at all on your credit score. It certainly seems to influence many aspects of your life. However, with credit reports, your age doesn’t matter. On the other hand, your credit age does matter.
Age of Accounts
The age of your oldest account plays a role...
Does Age Matter for a Credit Score?

Monday 21 July 2014

Can You Teach Your Teen about Credit with a Credit Card?

Parents work to give their teenagers the information and experience to be successful adults someday. Many wonder if giving them their own credit card while they are still living at home and under Mom and Dad’s watchful eye is a good way to teach them about credit. That depends on your kids...
Can You Teach Your Teen about Credit with a Credit Card?

Friday 18 July 2014

When You Don"t Have Enough Credit

While many people worry because they have too much credit, it is easy to go in the other direction and not have enough. They work hard to clean up bad debts, pay off credit cards and collections, and vow never to get in that situation again. Their answer is to pay everything with cash and never...
When You Don"t Have Enough Credit

Is Rent-to-Own the Only Option for Buyers with Bad Credit Scores?

You’ve seen the ads. Pay only $20 a week and that brand new HDTV will be yours. Rent-to-own stores make their deals look so attractive and many people fall for the ads. But for those with bad credit scores, they may see it as the only way to get the item they want.
The truth about...
Is Rent-to-Own the Only Option for Buyers with Bad Credit Scores?

Thursday 17 July 2014

Is Rapid Rescore Good or Bad for Your Credit?

If you have ever applied or researched about mortgages, you may have come across the term “rapid rescore.” This is mainly done for those that want to get a mortgage but have a credit score just below the cut-off point. They may have a score of 625 but need it to be 640.
When your...
Is Rapid Rescore Good or Bad for Your Credit?

Biggest Credit Card Mistakes That Hurt Your Credit Score

Many people think that not paying your credit cards is the only thing that can damage your credit score. However, there are a number of things that you can do to hurt it even if you make your monthly payments. Here are some things you should be avoid to keep your credit score looking good.
Late...
Biggest Credit Card Mistakes That Hurt Your Credit Score

Wednesday 16 July 2014

VantageScore vs. FICO Score: Which One Matters to You?

Most people have heard of the FICO score, which is well-known in the credit and lending industries. It is the score by which many creditors decide whether or not to approve your application. However, VantageScore is a direct competitor to the longstanding FICO and has a few major...
VantageScore vs. FICO Score: Which One Matters to You?

Payments that Don"t Help Your Credit Score

It doesn’t seem fair that a person that makes payments on time every month could have a low credit score. Unfortunately, many of your monthly payments don’t impact your score because they never show up on your credit report. Here are the payments you make that won’t help your...
Payments that Don"t Help Your Credit Score

How Often Does My Credit Score Change?

The short answer to this question is constantly. It may not change every minute, but it will most likely be different every time you look at it whether it is once a month or once a week. It will also be different based on which source you are using.
Why Does Your Credit Score Change?
Your credit...
How Often Does My Credit Score Change?

How Little Fees Can Damage Your Credit

Ever have a parking ticket that you forgot to pay? Or an overdue library book that you could never find so you just avoided going back to the library? Have you ever wondered if those “little fees” that are charged to you could every impact your credit?
Little Things that Do Big...
How Little Fees Can Damage Your Credit

How Getting Insurance Quotes Affects Your Credit

Many people now know that insurance companies check your credit before accepting your application for an insurance policy. The credit report plays a key role in what rate you are given and how much you have to pay. However, you may wonder how it impacts your credit score when a provider requests...
How Getting Insurance Quotes Affects Your Credit

Are You Really Making a Difference with Your Credit Score?

You may be planning to buy a house or a new car or you may have another reason to be focusing on your credit score. But if you are working to improve it, how can you know that what you are doing is really helping?
Reading Advice
One of the things many people do when they are trying to improve...
Are You Really Making a Difference with Your Credit Score?

What Does (And Doesn"t) Work to Improve Credit Scores

Many people that are looking to buy a home or make another large credit purchase find out what their credit scores are. When they discover that they are not high enough for the credit approval, they may begin working to improve their credit scores. However, not everything they do has the same...
What Does (And Doesn"t) Work to Improve Credit Scores

How Your Credit Score Affects Getting a Mortgage

One of the most popular reasons that people check their credit scores is to get a mortgage. It is often not until they are turned down for a home loan or they are just about to apply for one that they even pay attention to their scores. Even then, they may not understand how that number affects...
How Your Credit Score Affects Getting a Mortgage

How Getting Out of Debt Can Improve Your Credit Score

If you have a lot of credit card debt, you may have a lower credit score. Getting that debt paid off will most likely result in an improvement of your credit score. How much of an improvement depends on what other negative information is on the report and what you do. Here is how to improve your...
How Getting Out of Debt Can Improve Your Credit Score

How Debt Consolidation Affects Your Credit Score

If you have numerous credit cards, personal loans, and other forms of debt, you may think that consolidating all of that debt will help you. But what about your credit score? It can help or hurt your score, depending on the method you choose. Here is a look at common ways to consolidate debt and...
How Debt Consolidation Affects Your Credit Score

Facts You Should Know about Inquiries and Your Credit Scores

While many people understand the overall concept of credit scores, many of the details are confusing. Here are some facts about your credit that you need to understand.
Who Sees Your Credit Score?
You sit down with someone for a loan, credit application, or other application and they want to see...
Facts You Should Know about Inquiries and Your Credit Scores

Collections and Your Credit

A collections account on your credit report is one of the worst things that can happen for your credit score. When people start looking at improving their scores, cleaning up collection accounts is one area where they focus. Unfortunately, they don’t always understand how these accounts...
Collections and Your Credit

Will Your Credit Score Recover If You Don"t Pay an Old Debt?

It’s much easier to get in financial trouble than you think. You get numerous offers for credit cards that you apply for and get approved. You start to use them and even think “I’ll pay it off when it comes due.” You continue to spend and rack up more debt that you...
Will Your Credit Score Recover If You Don"t Pay an Old Debt?

Why Credit Scores Drop When You Get Out of Debt

There is a common misconception that you must be in debt in order to have good credit. While this is not really the case, it often seems that way.
When Debt Means Good Credit
People that have a variety of credit and are responsible with it often have the best credit scores. This happens because...
Why Credit Scores Drop When You Get Out of Debt

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

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Can Your Credit Score Really Jump 50 Points in Just a Few Months?

You’ve heard the stories where someone decided to repair their credit score and it jumps 50, 60 or even 100 points in three or four months. You wonder if this is even possible. If it is possible, you don’t understand why you can’t figure out the secret after reading countless...
Can Your Credit Score Really Jump 50 Points in Just a Few Months?

Tuesday 15 July 2014

Beware of Roommates and Your Credit Score

You may think sharing an apartment with one or more roommates is the way to save money. It can be if you are careful. Sharing expenses allows you to live in a nicer place than what you could afford on your own, and you aren’t stuck paying all of the bills. However, there are some negative...
Beware of Roommates and Your Credit Score

Monday 14 July 2014

VantageScore vs. FICO Score: Which One Matters to You?

Most people have heard of the FICO score, which is well-known in the credit and lending industries. It is the score by which many creditors decide whether or not to approve your application. However, VantageScore is a direct competitor to the longstanding FICO and has a few major...
VantageScore vs. FICO Score: Which One Matters to You?

Sunday 13 July 2014

Payments that Don"t Help Your Credit Score

It doesn’t seem fair that a person that makes payments on time every month could have a low credit score. Unfortunately, many of your monthly payments don’t impact your score because they never show up on your credit report. Here are the payments you make that won’t help your...
Payments that Don"t Help Your Credit Score

Saturday 12 July 2014

How Often Does My Credit Score Change?

The short answer to this question is constantly. It may not change every minute, but it will most likely be different every time you look at it whether it is once a month or once a week. It will also be different based on which source you are using.
Why Does Your Credit Score Change?
Your credit...
How Often Does My Credit Score Change?

Friday 11 July 2014

How Little Fees Can Damage Your Credit

Ever have a parking ticket that you forgot to pay? Or an overdue library book that you could never find so you just avoided going back to the library? Have you ever wondered if those “little fees” that are charged to you could every impact your credit?
Little Things that Do Big...
How Little Fees Can Damage Your Credit

Thursday 10 July 2014

How Getting Insurance Quotes Affects Your Credit

Many people now know that insurance companies check your credit before accepting your application for an insurance policy. The credit report plays a key role in what rate you are given and how much you have to pay. However, you may wonder how it impacts your credit score when a provider requests...
How Getting Insurance Quotes Affects Your Credit

Wednesday 9 July 2014

Are You Really Making a Difference with Your Credit Score?

You may be planning to buy a house or a new car or you may have another reason to be focusing on your credit score. But if you are working to improve it, how can you know that what you are doing is really helping?
Reading Advice
One of the things many people do when they are trying to improve...
Are You Really Making a Difference with Your Credit Score?

What Does (And Doesn"t) Work to Improve Credit Scores

Many people that are looking to buy a home or make another large credit purchase find out what their credit scores are. When they discover that they are not high enough for the credit approval, they may begin working to improve their credit scores. However, not everything they do has the same...
What Does (And Doesn"t) Work to Improve Credit Scores

Tuesday 8 July 2014

How Your Credit Score Affects Getting a Mortgage

One of the most popular reasons that people check their credit scores is to get a mortgage. It is often not until they are turned down for a home loan or they are just about to apply for one that they even pay attention to their scores. Even then, they may not understand how that number affects...
How Your Credit Score Affects Getting a Mortgage

Monday 7 July 2014

How Getting Out of Debt Can Improve Your Credit Score

If you have a lot of credit card debt, you may have a lower credit score. Getting that debt paid off will most likely result in an improvement of your credit score. How much of an improvement depends on what other negative information is on the report and what you do. Here is how to improve your...
How Getting Out of Debt Can Improve Your Credit Score

Friday 4 July 2014

How Debt Consolidation Affects Your Credit Score

If you have numerous credit cards, personal loans, and other forms of debt, you may think that consolidating all of that debt will help you. But what about your credit score? It can help or hurt your score, depending on the method you choose. Here is a look at common ways to consolidate debt and...
How Debt Consolidation Affects Your Credit Score

Thursday 3 July 2014

Facts You Should Know about Inquiries and Your Credit Scores

While many people understand the overall concept of credit scores, many of the details are confusing. Here are some facts about your credit that you need to understand.
Who Sees Your Credit Score?
You sit down with someone for a loan, credit application, or other application and they want to see...
Facts You Should Know about Inquiries and Your Credit Scores

Wednesday 2 July 2014

Collections and Your Credit

A collections account on your credit report is one of the worst things that can happen for your credit score. When people start looking at improving their scores, cleaning up collection accounts is one area where they focus. Unfortunately, they don’t always understand how these accounts...
Collections and Your Credit

Will Your Credit Score Recover If You Don"t Pay an Old Debt?

It’s much easier to get in financial trouble than you think. You get numerous offers for credit cards that you apply for and get approved. You start to use them and even think “I’ll pay it off when it comes due.” You continue to spend and rack up more debt that you...
Will Your Credit Score Recover If You Don"t Pay an Old Debt?

Tuesday 1 July 2014

Why Credit Scores Drop When You Get Out of Debt

There is a common misconception that you must be in debt in order to have good credit. While this is not really the case, it often seems that way.
When Debt Means Good Credit
People that have a variety of credit and are responsible with it often have the best credit scores. This happens because...
Why Credit Scores Drop When You Get Out of Debt