Creditworthiness is a term you might have heard when talking to someone about a financial product or service. It's a vital term because most lenders base their decisions on it. Your creditworthiness can determine whether you get approved for a new house, car, apartment, credit card, or something else you might want. Therefore, you must understand exactly what it means and how you can build credit in a way that makes your creditworthiness favorable.
Read MoreMore and more people are getting involved in credit scams and fraud nowadays. Therefore, you have to stay on top of your credit at all times and stay aware of what's going on in your report.
Additionally, you might have to take extra steps such as a credit freeze or a fraud alert. Here is some information about credit fraud, fraud alerts, and credit freezes. We'll explain what you need to do if you need to lock down your credit with a credit freeze.
Read MoreIn 2019, there were 3.2 million identity theft and fraud reports, with about 900,000 of those being from consumers. And unfortunately, that number will grow if we do not learn how to protect ourselves online.
Though there is always some level of risk when shopping online, there are some steps you can take to decrease it.
Read MoreYou've probably heard something about refinancing at some point during your journey with credit. Refinancing is something that can be beneficial to you if you do it the right way. You'll have to have patience and perseverance when you choose to refinance, and you also have to go to the right people for help. The following is some information about the process of refinancing, how it can benefit you, and what to expect.
The piece will answer the question, "How does refinancing affect your credit score?" as well as many other questions that you might have about the process. Our goal is to help you understand so that you'll know if it's the right thing for you to do by the time you finish reading this article.
Read MoreYou should know some of the most commonly used credit report terminology. Understanding these terms will help you to understand where you are in the credit world and take actions that will help you to make that position better.
Read MoreBusinesses sometimes have a more challenging time getting credit than individuals do. Business credit is something that you have to build over time in similar ways to building your individual credit. Here is some information about business credit and how you can work your way to achieving a profile that attracts business credit lenders.
Read MoreCredit is one of the most critical aspects of our financial lives. Staying on top of it is vitally important for anyone who wishes to live well financially.
Read MoreA credit score is a measurement of how reliable you are with the funds that the lenders entrust you with. The score is a clear-cut number on which many lenders base their decisions. The credit report is a lengthy and detailed version of the score. It tells a story about your spending habits and whether you make your payments on time. It tells lenders if they should consider you as a low or high risk, as well.
Read MoreAccording to Abraham Lincoln, "not everything you read on the Internet is true." This common meme is really silly, but it makes a good point. Here we will discuss 15 credit score myths that you may have heard. There are many credit score myths circulating, but we will just go over some of the most common credit score myths here. Below are 15 credit score myths that you have probably heard before, as well as the truth that you may not have heard before.
Read MoreHaving your identity stolen is a scary experience. It leaves you feeling violated and vulnerable. It can also be time consuming to recover from identity theft. However, it's important to start recovering from your stolen identity as soon as possible. The sooner you begin the recovery process, the faster you'll recover.
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