5 everyday things that hurt your credit
Here’s one of the tricky things about credit scores: They’re about more than credit. Sure, it’s extremely important to make loan payments on time and use credit cards responsibly, but there are plenty of non-credit things that can do serious damage to your scores, potentially making it more difficult to get loans at an […]
Repaying loans on time alone won’t ensure good credit score
Everybody knows that defaulting on a loan will automatically bring down one’s credit score. But people are not aware that there many other factors such as delayed reporting of data by banks, identity theft by fraudsters, guaranteeing a loan that has gone bad, and so on, can have an equally adverse […]
Getting Mistakes Fixed on Your Credit Report Just Got Easier
What would you do if you found out your credit score had suddenly dropped for no apparent reason? You’d probably check your credit report looking for mistakes, and if you found one, you’d dispute the error, of course. Before, complainants would submit their paperwork to the credit reporting company, which would assign […]
Employers Cannot Check Your Credit Score
Your three-digit credit score is a go-to indication of your trustworthiness that banks, credit card issuers, and car dealerships all use to help predict the likelihood of you repaying a loan. This myth is so pervasive for two reasons: 1. People Are Using “credit Score” And “credit Report” Interchangeably. 2. Employers […]
Does Credit Card Debt Make You Blush? Youre Not Alone
A recent poll found more people are embarrassed by their credit card debt than weight or age. We all have secrets we’d rather not trumpet to our friends. For some, it’s age; for others, it’s weight. And for many Americans, it’s money mistakes. A recent poll by the National Foundation for Credit […]
How to rent a home if you have bad credit
We’ve all heard about the importance of your credit scores when it comes to buying a home. But credit is important for renting as well. Some landlords won’t rent to people with low credit scores. This doesn’t mean you can’t rent a home or apartment, though. There are some ways to get […]
5 things that won’t affect your credit scores
Plenty of things can help a consumers credit scores, and even more can hurt it. Some things in the financial world just don’t matter when it comes to credit. This may be a relief to some people who are worried about hurting their credit because of issues relating to a […]
How to Get a Credit Card If You Are a Student
If you’re in school and without much — or any — income, you still might be able to get a credit card to start building a credit history. Read more…