Individuals with problematic credit histories often suffer unfairly from a high mortgage, insurance, and car loan rates. On top of that, they have difficulty getting approved for credit cards. The whole situation can get extremely frustrating. Frequently, I get emails from consumers wondering what they can do to rebuild their
10 Tips To Improving Your Credit Reports Credit is something that some take lightly or give little thought to until its really needed. There are 10 things that you can do to make sure that your credit is always in good standing so it will be available when needed. 1)
Credit scores especially FICO® scores, the most widely used credit bureau scores have made big improvements in the credit process. Because of credit scores: People can get loans faster. Scores can be delivered almost instantaneously, helping lenders speed up loan approvals. Today many credit decisions can be made within minutes.
If you are concerned about identity theft or regular credit monitoring, you likely understand the importance of obtaining a copy of your free personal credit report. Neglecting to monitor your credit may prove damaging in the long run. It does not take long for a person to access your information
After a bankruptcy, getting approved for a mortgage loan is possible. However, those who apply for a mortgage should anticipate higher rates. To avoid this common pitfall, many choose to delay buying a home until their credit score increases. If you are eager to buy a house, there are other
A credit report is a powerful piece of paper. Lenders look at it closely when deciding whether or not to give you a loan. Insurance companies can use it to determine your rates or whether they will cover you at all. Employers can access it and use it as a
It’s important for every consumer to learn what a credit score is and how to improve it. Most consumers do not know what their credit scores are, but these scores are used in dealings with such diverse agencies as credit card companies, home equity lenders, auto loan lenders, and finance
If you have ever had credit cards, paid a bill monthly, or obtained a loan, you have a credit rating. When you make payments to a creditor, they report these payments to credit reporting agencies that compile your credit report and track your credit history. If you miss a payment,
Building a solid credit rating from scratch is not as difficult as one might think. The reality is that you can establish a decent Credit Score in as little as 3 months and have a solid rating around the 12-month mark. From that point, if you maintain proper borrowing habits,
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 run between 300 and 950.
