Bad credit ruins your credit history and will affect your financial future. Before any financial institution extends to you a credit product such as an auto loan, student loan, mortgage, or credit card, they first look at your credit history. Therefore, you want to pay your debts on time and maintain a good credit history. … Read more
They say it’s all about timing, and it’s particularly true when it comes to paying for loans. The most significant factor weıghıng in your credit score is paying back your credit card and loan balances on time. Your credit score is used by lenders and creditors to decide whether to offer you products including mortgages, … Read more
Credit-builder credit cards are credit cards for people who want to boost their credit score because they have little or poor credit. Your credit score is used to determine if you are a reliable person to lend money or give credit to. You’ll find it more challenging to borrow money or get credit if your credit score is … Read more
A lot of people accumulate credit card debt for a number of reasons. For this reason, banks try to offer financial solutions to provide a breather for customers who want to settle their balances. This is where balance transfer cards enter, providing lower fees for transferring card debt to a new card. Some people associate … Read more
A lot of us have an old credit card lying around in our wallets. Even though we do not use these cards anymore, we feel hesitant to close them. This might be attributed to the fear of damaging our credit score. This fear is completely justified as our credit score is affected significantly when we … Read more
Strong credit plays an integral part in your financial life. For obvious purposes like obtaining a credit card, car loan, or mortgage, most people think of good credit. But credit also plays a role in less obvious things, such as renting a car, apartment, or house. If you’re trying to build a credit score for … Read more
Bankruptcy is a complex legal process that can affect your reputation seriously and adversely. On the bright side, It won’t last forever, no matter how much damage is done to your credit. Bankruptcy remains on your credit report for seven to 10 years, but its effect diminishes as time goes by. Meanwhile, by taking some … Read more
Your credit score is determined from credit report data, so you want your reports to display a strong on-time payment history. But not every payment that you make will go to your credit reports. For example, gym memberships, health insurance premiums, cable bills, and others will not improve your credit even though you have been paying … Read more
Are you getting frustrated that you always get denied credit card applications because you have a low credit score? Do you want to find different ways to improve your credit score? If that is the case, you should try out Experian Boost. Experian Boost is a free feature that allows you to connect different accounts … Read more
The highest credit value you can obtain is 850 using the FICO model. However, any score more than 740 is widely regarded as excellent and places items, like credit cards, mortgages, and car loans at the best interest rates. Even if you achieve the highest credit score, you won’t necessarily be able to keep it month … Read more
Your credit score plays the most important role in determining whether your loan application will be accepted by the lender or not. If you already fulfill the eligibility criteria for a loan, then it is your credit score that can make or break your application. In this article, we will take a look at the … Read more
Your credit score determines what you can access so it’s pretty important to know how to raise your credit score in 30 days. Your score determines how you live today and how you will in the future. The lack of a good credit score will prevent you from accessing financial tools to make your life … Read more
Today, there’s little you can do without considering your credit score first. While a solid credit score is required for things like mortgages and credit cards, you also need to have good credit to be able to rent an apartment or to finance a car. You know how important your credit score is, but do … Read more
Have you ever messed up your credit score to such an extent that it seemed hopeless to even try to rebuild it again? How did you even get there? You may think that your credit score is absolutely irreparable, but there are ways you can determine if your credit score is salvageable or completely corrupted … Read more