Credit is a subject not taught in school. Most consumer do not know how credit operates nor do they know how it really affects their day-to-day. Learn what the creditors do not what you to know.
It is common knowledge that credit card debt accumulates due to several factors – one of which is the buildup of interest charges. But these charges do not apply to your credit card ac… Read More
If you are late on payments in any of your credit accounts, it will not only cost you more money to pay off, but it will also hurt your credit score. It could damage your credit report once… Read More
There are several factors that affect your credit score, but your payment history is considered to be the most influential of all. This goes without saying that how you handle your bills &nd&hell…Read More
Probably one of your most considerable achievements, as you build your net worth, is buying your own house. When you finally approach a lender, your goal is to get approved. But it’s n… Read More
When managing your credit accounts, you may find yourself all too concerned only with your credit score. However, it is necessary for you to also pay attention to the more substantial inform… Read More
When you have finally decided to buy a house, approaching the mortgage lender could be a make or break situation. Lenders will go through a process of credit analysis using your credit repor… Read More
You may find it quite tricky to answer the question “is no credit better than bad credit?”, especially when there are actually good reasons to stay away from credit. However, par… Read More
There are many benefits to owning a credit card. Apart from it being a good instrument for credit building, it can provide you quick access to credit and cash advances when you need it. But… Read More
The use of credit cards is very common among most peoples because of the credit convenience it provides, as well as instant access to “cash” when needed.
But not all credit cards… Read More
Anyone with mounting debt and is struggling to repay it could be considering filing for bankruptcy. While the act in itself is an excellent way to wipe your loan, the trade-off is that you i… Read More
When you’re unable to work out an agreement to settle your loan obligation with your creditor, collection agencies will step in to act as collection representatives. They will be ones… Read More
As a responsible consumer, you should not just limit your concern on learning how to keep your credit score at a good level or managing your debts well. But also, be aware of the role of cre… Read More
When you find yourself at that point where you want to eliminate most of your credit accounts, you might think that your credit cards should be the first ones to go. While your intention of… Read More
Having a credit card opens the door to more financial freedom and credit building opportunities. However, the best part is it helps you establish a solid credit history. With proper use and… Read More
Next to your home mortgage loan, your car loan would probably be one of your biggest loans that you pay each month, averaging anywhere from $400 to $600.
When you take on a car loan, your pa… Read More
Whether you’re an individual or a small business owner, having a credit card is beneficial because it gives you instant access to credit when you need it. Once you have established you… Read More
Consumers should know how their credit score affects their chances of borrowing money from lenders. If you have a good to excellent credit score, you can expect lenders to offer you competit… Read More
When individuals and small businesses apply for a loan, lenders use your credit report and a system called 5 C’s of Credit to analyze your creditworthiness as a borrower. This method o… Read More
When individuals and small businesses apply for a loan, lenders use your credit report and a system called 5 C’s of Credit to analyze your creditworthiness as a borrower. This method o… Read More
Your credit report is probably one of the most important financial reports you will need to learn to understand. As a consumer that relies on credit in building personal net worth, keeping y… Read More
Getting a good credit score is essential in applying for a loan as it helps prove your creditworthiness to lenders. Different types of loans also require you to have a minimum score to be el… Read More
About 33% of college students who graduated with a bachelor’s degree in 2019 left school with an average student loan debt amount of $ 29,900. To those who are just beginning to join t… Read More
A good credit score is fundamental to your personal financial health. When you approach lenders, they will rely on your credit score to determine what loan programs are accessible to you and… Read More
A car is considered a must-have for most people. According to the U.S. Department of Transportation, about 90% of American households own at least 1 vehicle that they use almost every day. M… Read More
When you carry multiple debt accounts such as student loans, it is wise to consider student loan consolidation to properly manage your debt and make repayments much easier. In handling multi… Read More
If you are planning to buy a car, you should have knowledge of your current credit score and what score is needed to buy a car. A credit score of 700 or higher is typically a good start to f… Read More
College is a great opportunity to fix and set up your finances before taking a step into the real world where mortgages, financing, loans, and credit matters most.
The average credit score f… Read More
Credit cards seem convenient and easy, as you do not have to carry cash and you can pay for it later. Also, credit cards have several benefits that will make you want to use it as much as po… Read More
Buying the first house is a big move for anyone unfamiliar and without prior knowledge of mortgage types, credit scores, and other financial procedures. The best way to buy a house is to fin… Read More
It may be confusing to understand your credit reports. However, credit reports are essential to a lot of lenders such as banks, mortgage lenders, prospective companies. and more. That’… Read More
Obtaining new credit or building credit can be incredibly difficult in the beginning, or when you’ve experienced previous financial hardship. If you’re having trouble obtaining u… Read More
Maintaining an accurate credit profile can be a tricky business sometimes. With all of the potential sources of information such as banks, financial institutions, mortgage lenders, public re… Read More
We all know that the key to a successful financial life is good credit. Buying a home, securing sizable lines of credit such as auto or personal loans, and getting approved for credit cards… Read More
Maintaining or improving your credit score can be a tricky thing sometimes, especially when fraudulent entries occur on your credit report. Disputing items on your credit profile can seem li… Read More
Freezing your credit report is the catch-all last stop in security verification for credit. If you suspect your credit has been compromised by identity theft and you want to prevent anyone f… Read More
Is it time to celebrate? Did you just get your first credit card and now you’re wondering how the interest will work? Or have you been using credit cards for a while and starting to wo… Read More
Whether you’re the most diligent of credit score checkers or one of those people who only check in on your credit once in a while, there may come a time when you have to dispute an ite… Read More
A revolving line of credit is basically an agreement between an individual or an entity and a bank or other financial institutions to borrow short-term money for a maximum fixed amount that… Read More
Information is incredibly dynamic these days, financial information in particular. The availability to access information quickly and input new information into existing repositories, lends… Read More
In a world of instant gratification and reward, credit card companies play in a field ripe with opportunity. It’s no surprise the average consumer has between three and four credit car… Read More
Your credit score has a huge impact on your ability to fully participate in some major life events, like purchasing a car, getting a personal loan, buying a home, even obtaining a job. Knowi… Read More
The system of obtaining and granting credit in the U.S. is built on a long history of credit reporting agencies determining credit worthiness through an ever evolving system of standards. To… Read More
Last year, Equifax was breached and exposed the personal information of more than 146 million Americans. On Tuesday, Congress added a provision to a broad bill that allows consumers to freez… Read More