Monday 29 June 2015

Three Things You Need to Do to Get Ready for a Mortgage

If you are one of the people with a dream to become a homeowner, it is never too early to start planning. The time to start making plans for being a homeowner is at least a year before you are ready to buy. There are three things you need to be doing if you want to buy a house soon.
Start Saving...
Three Things You Need to Do to Get Ready for a Mortgage

Friday 26 June 2015

Changes with the FHA Loan

FHA guidelines and rules are always being updated to reflect general changes with homebuyers and the economy. These changes are meant to benefit the responsible home-buyer though it doesn’t always feel that way. The best way to prepare for buying a home through the FHA program is to know what t...
Changes with the FHA Loan

Wednesday 24 June 2015

Buying a Home can Build Credit

You hear a lot about how you need good credit to qualify for a home loan. What you may not realize is that a mortgage – once you are approved, could have a big positive impact on your credit as well.
While people with good or excellent credit scores may not be as concerned about the benefits of ...
Buying a Home can Build Credit

Monday 22 June 2015

Why Too Many Credit Cards Can Hurt Your Credit

If you see someone sorting through several credit cards to find the one he wants to use for the rewards, you may think that person must have awesome credit. How else could he qualify for all of those cards?
Too Much Credit Can Be Bad
Before you get tempted to start applying for numerous cards,...
Why Too Many Credit Cards Can Hurt Your Credit

Friday 19 June 2015

Why Credit Reports Differ

If you have taken advantage of the annual free credit report, you may notice that all of your reports are not identical. One of the reasons you should get your credit report from all three agencies is to review the information on each one.
Not All Creditors Report to All Agencies
Your creditors...
Why Credit Reports Differ

Wednesday 17 June 2015

Quick Ways to Improve Your Credit Score

Improving a bad credit score often takes time. It can take years to completely rebuild a credit score that dropped from excellent to poor. However, a few actions can help you see improvement right away.
Ask for More Credit
If you have balances on your credit cards that you are working to pay...
Quick Ways to Improve Your Credit Score

Monday 15 June 2015

When Your Credit Score Takes a Hit

Credit scores often seem like a great mystery that no one can uncover. Everyone knows that several factors impact your credit score, but the exact science behind the numbers is seldom explained. Since there are three credit bureaus and multiple scores, it can get even complicated. You would...
When Your Credit Score Takes a Hit

Friday 12 June 2015

How to Create a Budget That Improves Your Credit and Helps You Enjoy Life

Many people create budgets, but not as many follow them. They intend to, but somewhere along the way, they underestimate the cost or how much they need to live on. They borrow from credit cards or miss payments and end up ruining their credit. The key to having good credit for the long term is...
How to Create a Budget That Improves Your Credit and Helps You Enjoy Life

Wednesday 10 June 2015

Common Mistakes Made When You Get Your Credit Report

The experts tell you to check your credit report before applying for a car or home loan. You get a free annual credit report from all three bureaus so it is a good idea to access them every year. You also want to monitor your credit in case of identity theft or even just for inaccurate...
Common Mistakes Made When You Get Your Credit Report

Monday 8 June 2015

What is a Credit Freeze?

A credit freeze may also be known as a security freeze and it is placed on accounts with the credit reporting agencies when you don’t want others to have access to your information. This is often done when concerns over identity theft arise, but you may also choose to have a freeze in...
What is a Credit Freeze?

Friday 5 June 2015

How to Protect Your Credit While Traveling

When people think about vacation, they imagine a relaxing time with no worries. They can let their guard down and forget about routines, appointments, work and responsibility. The one thing they should never take a vacation from is protecting their credit. Vacation is prime time for criminals...
How to Protect Your Credit While Traveling

Thursday 4 June 2015

Recognizing Email Scams to Protect Your Credit

Most people today are pretty computer and internet savvy. They have heard about the attacks on major retailers and know the importance of protecting private information. However, many people are not as safe as they thought.
A test conducted by McAfee, a leading internet security firm, showed...
Recognizing Email Scams to Protect Your Credit

Wednesday 3 June 2015

Credit Card Mistakes that You Can Fix to Protect Your Credit Score

Credit cards can be one of the best and worst things to happen to your credit score. Getting a card and using it responsibly can help your score improve over time. On the other hand, some mistakes that you make can hurt you for years to come. However, a few errors can be fixable if you know what...
Credit Card Mistakes that You Can Fix to Protect Your Credit Score

Tuesday 2 June 2015

How Important is Your Credit Score for a Mortgage?

If you are looking at buying a home, you may know that your credit score will play a key role in whether you are approved or not. However, you may not be sure how sure how important it is and if other factors can override a low or high credit score.
What is a Good Credit Score for a Home...
How Important is Your Credit Score for a Mortgage?

Monday 1 June 2015

How Late Can Your Payment Be Before It Hurts Your Credit?

If you have been reading about credit scores and reports, you may know that payment history makes up 35% of your credit score. One late payment can hurt your credit and drop the score by 30,40 or even 100 points. What many people wonder is how late the payment must be to be considered late.
30...
How Late Can Your Payment Be Before It Hurts Your Credit?