Bad credit is something that many Americans are dealing with at this time. Bad credit has a lot of credit score factors. Some of them are difficult to recover from, and some of them can be remedied with a few quick tips. We'd like to share with you some common credit score mistakes people make that cause their scores to plunge into the "bad credit" range.
Read MoreAsk anyone new to credit and they will tell you that they don't know where to start or how to get it. It can be quite a perplexing situation. Primarily, the confusion stems from the fact that it often takes credit to get credit. What's a credit newbie to do? Well, don't despair. All is not lost There are several things you can do to establish credit. Some are even creative approaches. Nevertheless, these steps are sure to get you started on your credit journey. Understand that learning and practicing good credit card use and behaviors is the best way to build credit .
Read MoreWhen major retailers and credit card companies are hacked your credit information can be compromised. That is why you might want to consider an additional measure to protect your identity online. You might want to employ a credit monitoring service.
Read MoreHaving a poor credit score creates a vicious cycle. When your credit score is poor, you may be looked on as a risky employee. You'll struggle to find a good job. You'll also struggle to bring in the income you need to improve your score. You need to be proactive at optimizing your score to avoid these problems.
Read MoreCredit score scales may seem like they're complicated to understand at first, but once you have a strong grasp of the fundamentals, you can improve your financial standing and take your credit score to new heights. The five most important factors that make up a credit score have a specific amount that they influence the full score, represented in percentages. To understand how this works, it's best to start at the beginning of automated credit scoring.
Read MoreYour credit report can be a great asset to you, or a major deterrent from you doing the things you want. It is one of the deciding factors for you to get credit, mortgages, insurance and possibly a new job. It is important that you have a full understanding of your credit report and credit report disputes if you find incorrect information. Continue reading to find out more.
Read MoreLife is rolling along going great. You think everything rocks. You set up auto-payments for all of your bills and you feel great that everything just gets paid on time or early. Then something happens you did not expect.
Perhaps the website of one of your creditors has a glitch or your debit card you used to set up the auto-pay expires. Something happens and dang, that payment to your credit card gets there late.
What effect does one late payment really have?
Read MoreDo you know the disappointment of finding out that someone isn’t as trustworthy as they presented themselves initially? That hurts in personal relationships, but most people don’t realize that it’s a factor in the financial world as well. You can tell a lender that you have stable employment, pay your bills and are trustworthy for a loan, but they need something to back up your word. That’s when they check your credit report and let your history speak on your behalf.
Read MoreImpersonating someone else in order to commit fraud is not new but with so much personal information floating around and the information that is given away freely on social media, there is no shortage of personal information for fraudsters. Experiencing identity theft can be a traumatic and painful experience. Having family identity protection options can give you peace of mind when it comes to identity theft.
Read MoreCredit scores can be confusing, even for those who are financially savvy. Many people know that a good credit score will boost your chances of getting a mortgage since it shows the lender that you are more likely to repay the loan on time. However, there is also a minimum credit score to buy a house. The minimum credit score to buy a house will depend on what type of mortgage you are interested in.
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