As a student, improving your credit score can help you to set yourself up for success. At some point in your life, you’re probably going to want to: Take out a loan Buy a car and a house Get an affordable insurance rate The list goes on and on. But to do these things, you’re …
Buying a home is potentially one of the biggest decisions you ever make in your life. It is a major cornerstone and something you will always remember, but if you want to buy a house and have a bad credit score, then the whole process can be much more difficult. Not only can a poor …
How to Buy a House With Bad Credit In 4 Easy Steps Read More »
Autopay is maybe the greatest invention since paperless billing. I don’t know about you, but the only kind of snail mail I like is my annual birthday card from Grandma that comes with a piece of paper featuring a dead president inside. I’m certainly not a fan of anything that comes in the mail with …
Pros and Cons of Using Automatic Monthly Payments Read More »
Sure, credit-scoring models are complicated (all that algorithm-ing and such). But, when you get right down to it, the secret sauce to building good credit is actually pretty straightforward: Take a whole bunch of on-time loan payments, keep a pinch of debt, stir in some new accounts, and let the thing bake. Seriously — building …
Identity thieves are almost always opportunistic—but the crimes they commit feel very personal. Unauthorized credit card charges, bogus loan applications, missing money, and other financial violations make fraud a major nightmare. To keep fraud in check, you need to know how to check your credit report for identity theft, and how to deal with problems …
How to Check Your Credit Report for Identity Theft Read More »
Whenever you apply for anything—a loan, credit card, etc.—the lender will need to look into your credit report. Called a credit check, there are two kinds of credit checks—hard and soft. Each is used for different reasons and has a different impact on your credit score. Below, find out more about soft credit checks, when …
Whether you’re a solopreneur launching a start-up or a small-business owner seeking to grow your company, you might need extra funding. And if you’re looking for business loan, you might need a personal guarantee. Does a personal guarantee impact your credit and your own financial situation? Find out below. What Does a Personal Guarantee Mean? …
Because 35% of your credit score relates to paying your debts in a timely manner, becoming so late on payments that the account is charged off can have a significant negative impact on your score. It also looks bad to future creditors because it indicates you might not pay all your bills. Find out more …
How Much Does a Charge Off Affect Your Credit Score Read More »
Passing a rental credit check doesn’t have to be stressful if you prepare in advance. Before applying for a lease, be sure to check your credit report and fix any errors, gather pay stubs or bank statements to verify your income. You can also talk to friends or family to find a willing cosigner, save …
Top Ten Tips for Rental Credit Check Success – In 2023 Read More »
You might have heard that bankruptcy gives you a clean financial slate, but that’s not exactly accurate. For those experiencing serious financial distress, bankruptcy can be a way to eventually restart. Depending on your financial situation, you can get rid of debts or restructure them. But this doesn’t give you a clean slate, especially on …
Bankruptcy Stays on Your Credit 10 Years and Other Myths Read More »