Friday 31 October 2014

When a Personal Loan Helps Your Credit Score

Your goal may be to try to get out of debt and improve your credit score. However, if you are working on getting a better credit score, you may want to use debt to help you reach that goal. One way to do that is to get a personal loan.
Not all personal loans are a good idea. However, there are...
When a Personal Loan Helps Your Credit Score

Thursday 30 October 2014

What You Need to Know about Credit Score vs. Mortgage Rate

If you are dreaming of buying a home but your credit is not in good enough shape to qualify for a loan, you are probably working to get it to some magic number. That magic number can change based on current lending guidelines.
In the past it was 580 and then with the housing crisis, it was 640....
What You Need to Know about Credit Score vs. Mortgage Rate

Wednesday 29 October 2014

Protecting Senior Citizens Credit Scores

Most people consider themselves to be pretty savvy when it comes to internet scams or even direct mail. As a result, they are not usually the target of these scam artists. Instead, it is those people that have not been around internet fraud or direct mail campaigns all of their lives that are...
Protecting Senior Citizens Credit Scores

Tuesday 28 October 2014

Moves to Help You Have a Clean Credit Score

If you are trying to clean up your credit score and keep it clean, you need to make some major moves. It involves a change in lifestyle that can not only help you now but for the future as well. For those who have trouble sleeping at night with money worries or are so frustrated because they can...
Moves to Help You Have a Clean Credit Score

Monday 27 October 2014

How to Get a No-Credit-Card-Required Credit Score

Getting your credit score isn’t easy. You can’t get it when you get your free annual credit report – unless you want to pay for it. You don’t always get it when you request a report after being turned down for a loan or credit card.
When you do have a chance to get your credit score, you usually ...
How to Get a No-Credit-Card-Required Credit Score

Friday 24 October 2014

Does Where You Shop Matter for Credit Score Tracking?

You may wonder if your favorite store is good or bad for your credit score. Or maybe you shop at a lot of stores and you worry that it might not look good for your credit. The truth is that it doesn’t matter where you shop as long as you pay your credit card bills.
You see all of the i...
Does Where You Shop Matter for Credit Score Tracking?

Thursday 23 October 2014

Is Rent-to-Own a Good Option for Buyers with Bad Credit?

It is still the American dream for many to buy a home. Even after the housing crisis, many would-be first-time homeowners are browsing through the listings to find the place they want to call home. Because of the housing market collapse, it has gotten more difficult for many to qualify. Low...
Is Rent-to-Own a Good Option for Buyers with Bad Credit?

Tuesday 21 October 2014

How to Raise Your Credit Score More Than 100 Points in One Month

You’ll see this claim a lot when you start researching how to improve your credit score fast. Companies make promises that you will see major results in no time. These claims sound fake to many people but for those desperate to qualify for a home or other major purchase, it may seem like a dream ...
How to Raise Your Credit Score More Than 100 Points in One Month

Monday 20 October 2014

FICO Score Up to 692 for National Average

The average FICO score went up back in April of 2014 to 692. While it falls in the range of average credit, it is on the high end. Prior to the recession, the average score was 690.
Increased Responsibility
Two major factors are being attributed for the jump. First, people are being more...
FICO Score Up to 692 for National Average

Friday 17 October 2014

Could Congress Help You Get a Better Credit Score?

Have you ever lamented over past mistakes that just won’t go away? You made poor decisions in the past or an unfortunate situation happened and you are paying for it years later. Legislation that is being proposed to Congress may change things for people with lower credit scores.
In this l...
Could Congress Help You Get a Better Credit Score?

Thursday 16 October 2014

Can You Get Fired for Bad Credit?

More employers are checking credit reports as part of the hiring process. While this is controversial for many people, it is becoming standard procedure in many jobs. The result is that you may not get hired if you have bad credit. What you might not know is that you can also get fired for...
Can You Get Fired for Bad Credit?

Wednesday 15 October 2014

When Saving Money Hurts Your Credit

One of the most basic financial lessons to learn is the importance of saving money. You may be taught by parents or grandparents from an early age to save your money. You hear about it in money classes and even in credit counseling. Read numerous articles on saving money and you will find all...
When Saving Money Hurts Your Credit

Tuesday 14 October 2014

What Causes Errors in Your Credit Report?

The first time you look at your credit report, you may be surprised at the information that is listed. If you request reports from two or all three of the major credit reporting agencies, you may notice that the information looks different from one to another.
How can the balance on a credit...
What Causes Errors in Your Credit Report?

Monday 13 October 2014

Is Renting to Own a Good Option If You Have a Bad Credit Score?

One of the big dreams for many people is to buy their own homes. If you have bad credit, this can be a challenge. You may have to save up money to pay off old debts to improve your credit score and then save more money for a down payment. If you’ve heard about rent to own homes, you may wonder i...
Is Renting to Own a Good Option If You Have a Bad Credit Score?

Friday 10 October 2014

How Your Credit Score Impacts How Much House You Can Buy

When people start looking to buy a home, they often look at their credit scores. They know it is difficult to buy a home with a score below 640. Anything under 600 and it is all but impossible.
With the recent changes in some lending practices, a few lenders have loosened up their lending...
How Your Credit Score Impacts How Much House You Can Buy

Thursday 9 October 2014

How to Keep Medical Bills from Hurting Your Credit Score

One of the big factors for lowering the credit score for many people is medical collections. Even people who are normally responsible for debt and pay their bills on time can get caught up with issues surrounding large medical payments.
While they are not the most accurate indicator of how...
How to Keep Medical Bills from Hurting Your Credit Score

Wednesday 8 October 2014

Does Your Credit Score Matter If You Move to Another Country?

You know that moving to another state doesn’t change anything on your credit report but your address. But what if you moved to another country? Will a good credit score get you great interest rates to buy that vacation home in another country? Can you escape a bad credit score by moving o...
Does Your Credit Score Matter If You Move to Another Country?

Tuesday 7 October 2014

Settling a Debt for Less Than You Owe

If you have multiple debt collections on your record, you may wonder how you will ever pay them. The totals could amount to thousands. It may seem hopeless, especially if you live from paycheck to paycheck or barely have any extra to put in savings.
One option is to talk to your creditors about...
Settling a Debt for Less Than You Owe

Monday 6 October 2014

How Your Career Can Affect Your Credit Score

One of the common questions that people ask about their credit scores is if their job has any impact. Directly, no. But indirectly, it can have a big impact and in several ways.
Job History Doesn’t Change Your Credit Score
Your job history or the fact that you have changed careers does not...
How Your Career Can Affect Your Credit Score

Thursday 2 October 2014

Don"t Tweet Your Credit Score Online

It’s common to see people announcing their credit scores online. Take a look at forums and groups where people go to ask for help to improve their credit scores and you will find a lot of in-depth information. This could spell trouble for some when they least expect it.
TMI
In general,...
Don"t Tweet Your Credit Score Online

Wednesday 1 October 2014

3 Ways Your Credit Affects Your Ability to Land a Job

More employers are asking for permission to access your credit report. They use it to analyze you as a fit for the job they are offering. What you may not realize is how they are using the information to determine if they will approve or reject your application.
1. Employers Look at Negative...
3 Ways Your Credit Affects Your Ability to Land a Job