Your 20s are perhaps the most exciting time of your life. You’re not only out of college, living on your own, and financially independent, but there’s a lot of room for growth and change—and uncertainty. It’s important that you focus not only on spending money and having fun with your friends, or lose yourself in …
5 Financial Habits and Practices to Build in Your 20s Read More »
Who doesn’t love a great discount or offer? How difficult is it to say no to a sale or that incredible pair of sneakers or a great jacket that just got slashed off? We’re all too familiar with the convenience, temptation, and joy that come with making a great purchase. But there are several habits …
Hospital debt and unpaid medical bills are becoming increasingly common in the United States. While people without insurance struggle to pay medical costs, people with medical insurance have also been having trouble affording certain medical treatments. Luckily, the three major credit bureaus, Equifax, Experian, and TransUnion, have a 180-day waiting period before your medical debt …
How to Avoid Affecting Your Credit Score While Paying Hospital Debt? Read More »
Bankruptcy is a legal process that relieves individuals of their debts—partially or wholly, depending on the circumstances. While it’s a smart decision to promptly file for bankruptcy when needed, it is vital to understand the implications of doing so on your credit score. In this article, we’ve discussed the process of bankruptcy and how it …
Does Filing for Bankruptcy Affect Your Credit Score? Read More »
It’s generally a smart idea to keep a check on your credit reports. Doing so will alert you in case there are any potential issues that might affect your credit score. The best part? The inquiry doesn’t negatively impact your score. On the other hand, when external creditors review your credit report, it can negatively …
Hard vs. Soft Inquiries on Your Credit Report: What Do They Mean? Read More »
According to the Consumer Federation of America, 32% percent of Americans have never obtained a copy of their free credit report. This could potentially risk their financial well-being as inaccurate credit reports can cost you loan denials and money. In fact, you could also fall victim to identity theft. You can easily access your credit reports at AnnualCreditReport.com and continually …
What Is A Credit Report and What Does It Include? Read More »
Did you know that there are three major credit bureaus in the U.S. that notice the way you spend money? They then report this information to several lenders and creditors, which can substantially impact your financial standing. Read on to learn more. What is a Credit Bureau? A credit bureau is an agency that collects …
The Top 3 Credit Bureaus of the US and Their Key Functions Read More »
Put simply, creditworthiness is the measure by which a lender determines whether you will be able to pay your debts back. A borrower who is deemed creditworthy is one whom a lender believes is willing, able, and responsible enough to make regular loan payments as agreed upon. Creditors use it to assess you before they …
We’re all familiar with the stress our GPA scores have caused us. We all know how much that number on our paychecks matters to us. Similarly, the three-digit number that constitutes your credit score can either be a source of relief, or a contributor to your daily dose of stress. Credit scores determine your long-term …
During these times of financial uncertainty, people are getting more and more concerned about securing their financial future. This includes maintaining a good credit card score in order to save money on interest rates. One of the most effective ways to grow your credit score is to pay off your credit accounts. When you pay …
Paying Off an Account: Understanding How Quickly Your Credit Score Will be Affected Read More »
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