Factors That Affect Your Credit Score
Major factors affecting your credit score:
credit score
3 Ways to Supplement Your Credit Without an Income
Contrary to popular belief, you don’t need to be making a lot of money to maintain a good credit score. What most people don’t tell you is that you can be unemployed and still have a credit score of over 800. Growing your credit score actually comes down to five simple factors: Your payment history …
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How to Make Sure You Qualify for a Home Loan
Buying a house is the biggest investment most of us make in our lives. This can lead to a lot of anxiety around the decision, which is only heightened by not being prepared. Qualifying for a mortgage loan is a major part of the homebuying process. In this piece, we’re going to help you ensure …
Getting Rid of Credit Card Debt
Many American credit card users end up paying just their minimum credit card payment each month, instead of making a full payment that would leave them free of debt. But while paying the minimum amount each month is convenient in the short-term, it could leave you with a staggering amount of debt in interest charges …
How to Dispute Problems on Your Credit Report
Errors on your credit report can negatively affect your overall credit score. The most common complaint consumers make is the inclusion of incorrect information in the credit report. A study conducted by the Federal Trade Commission found that 26% of people found an error on their credit report which could endanger future borrowing by making them seem …
Do Credit Repair Programs Actually Work?
Your credit score can be anywhere between 300 and 850, and is an indicator of your borrowing power. Put simply, a good credit score allows you to borrow from lenders at lower interest rates. A poor credit score—typically below 670—indicates that banks and other lending institutions won’t offer you competitive interest rates due to your …
How to Build a Good Credit Score: The Detailed Guide
As an adult trying to make it in the volatile economic circumstances in 2020, you’ve got to be aware of how essential it is to maintain good credit. However, the more essential that having good credit gets, the more misinformation is spread on the internet about how to make it better. Before anything else, you need …
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How To Get A Second Mortgage With Bad Credit
Getting a second mortgage on your home is often a much better option compared to taking out an unsecured loan. However, like any other type of loan, a second mortgage is harder to get if you have bad credit. But while it’s no easy feat, the good news is that it isn’t impossible either. In …
What To Do When Your Credit Card Application Is Declined
Receiving a credit card rejection can be a shock, especially when you have no idea why. Many people feel like their financial affairs are in good order, but are still unable to get a credit card successfully. Don’t reapply immediately, because there may be some underlying issues that you’re not aware of. There are some …
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How Long Does It Take To Improve Your Credit Score?
Having good credit proves your trustworthiness to lenders and creditors. Not only does it improve your chances of getting a loan, but you’re also more likely to get it on more favorable terms. So if you’re planning to take out a mortgage or apply for any other type of loan in the near future, it’s …
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