Those little pieces of plastic can sometimes get you into trouble. Sometimes nothing is easier than to take out your credit card and pay for that sweater or piece of furniture you have been eyeing for months. And who hasn’t been asked by the check-out
Unfortunately, there is no magic repair available today. You will need to dedicate a good deal of discipline, patience and effort to the task. It will be a better idea to start with requesting copies of credit report from each of credit reference agencies. It
Having a bad credit history will make it more difficult for you to get another card, but not necessarily prevent you from getting one. This is because many banks, if they feel that an individual with a bad credit history has good intentions to pay
Have you ever wondered why collection agencies keep calling you more often? There are numerous situations that credit collectors use to get the money you owe. But let’s start from the beginning when you get your credit card. Obviously everyone knows that you need to
Identity Theft – Straightening Out Your Credit In The Aftermath $1.48 billion, this is the total financial loss due to 1.4 million fraud reports the Federal Trade Commission processed in 2018. Identity theft, debt collection and imposter scam were the most common categories of fraud
If the borrower has a satisfactory credit history and the ability to pay timely payments, the borrower may be considered a prime borrower and rated as an “A” borrower. In this case, the loan will be closed using standard mortgage documents referred to as “A
Credit scores are used to determine the credit risk of loan applications. This is done using historical data as well as statistical techniques. The score can be used by banks to produce a rank for the loan applicants and borrowers in terms of risk factors.
You may want to consider checking what’s on your credit report at least once a year. That’s right at least once a year get a copy of all three of your credit reports. You’ll want to know what each credit bureau (TransUnion, Experian and Equifax)
If you’re denied a loan or credit card because you have no credit history, consider establishing one. The best way is to apply for a small line of credit from your bank or a credit card from a local department store. Make sure you list
A low credit rating or bad credit report can negatively affect virtually every aspect of your life. Whether you are consistently late on your mortgage or utility bills or you are over your limit on your credit cards, bad credit can make purchasing on credit
