Do you know your credit score is? Do you even know WHAT a credit score is? Don’t feel bad. Most people don’t. Your credit score tells lenders the type of borrower you will likely be based on your credit history. Scores in the United States
Your credit report can be one of the most important pieces of information when it comes to your financial health. It is important that you have an understanding of all that it contains and how it relates to future credit you may apply for. Your
What Are Bad Credit Mortgages The primary difference between a bad credit mortgage and a normal mortgage is that a bad credit mortgage is typically given to people who have a history of bad credit. Many people end up with bad credit due to bankruptcy,
By law, credit repair organizations must give you a copy of the “Consumer Credit File Rights Under State and Federal Law” before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Read these documents before
What Is Credit Denial And What Can You Do About It? Written notice required You must be informed in writing why you were denied a credit card or loan. If the letter you receive doesn’t say why you were denied, it must tell you of
Is your credit score bad, so much so that it is blocking you from getting appropriate loans? Though Credit score is just a three digit number it has great importance in today’s business world. Bank and money lenders solely depend on your credit score to
I am often asked the question; What does bad credit cost me?” It is a hard question to answer because of the individual’s circumstances and the fact that lenders are competing fiercely for customers. But I will give it my best shot. Mortgages If you
Your credit rating is quite an important piece of recorded history. It tells something of your ability to manage financial debt to a possible lender who may have no other way of knowing. You may feel that it is pointless to think about buying your
What does “Credit Score” mean? A measure of credit risk calculated from a credit report using a standardized formula. Factors that can damage a credit score include late payments, absence of credit references, and unfavorable credit card use. Lenders may use a credit score to
Bad credit, credit cards are just like regular credit cards but with much higher interest rates and usually an annual fee, sometimes $50 a year and higher. Bad credit, credit cards can save your credit or make it worse if you are not careful. Bad
