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Tag Archives: credit score

How to Get Your Finances in Order Before You Buy a Home

Couple Buying House

To successfully buy a home these days, you’ll need patience, resilience to rejection and sound financial planning. You don’t need to earn gobs of money to successfully purchase a home — well, depending on your area. You do, however, need to have enough income left over after your proposed mortgage payment and other financial obligations. You need to be able ... Read More »

    Why People With Good Credit Have More Dollars in Their Pocket

    How Much Your Credit Score Costs You

    Credit Karma, an online consumer finance platform with more than 35 million members, today launched a new consumer education website in honor of March’s Credit Education Month to better educate consumers about credit health. The new site, CreditEducationMonth.com, is designed as a first stop for consumers to educate themselves on the importance of actively managing credit, illustrating the impact of ... Read More »

      24 Things You Need to Know to Build Credit

      boost

      If you’re trying to boost your credit score, it pays to know everything you can about how the scores are figured, what affects them and how you can improve your own credit score as quickly as possible. Below are 24 facts you need to know. These 5 things surprisingly don’t affect your credit score >>> 1. A credit score ranges from ... Read More »

        5 Things You Absolutely Need to Find in Your Credit Reports

        Your Credit Score Sucks

        You probably already know it’s a good idea to review your credit reports and your credit scores. But what happens when you get a copy of your credit report and you aren’t sure what to make of it? In a recent survey by Credit.com, 27% of consumers who said they had reviewed their credit reports were surprised by some of the ... Read More »

          5 Reasons You Can’t Get a Mortgage

          Virtual Mortgage

          Are you gearing up to refinance or buy a home this year? These five things may stop your mortgage dead in its tracks. Here’s what you need to know to prevent your loan application from being denied. 1. Your Credit Score Is Not What You Think It Is This scenario is all too common. A consumer will get one credit score ... Read More »

            The New Credit Score That Rewards You for Paying More Than the Minimum

            credit good

            TransUnion, one of the three major credit reporting agencies, has made several changes in the last few years to the credit reports it provides consumers, in addition to developing a new credit score to help lenders better evaluate potential borrowers. If you’ve requested your TransUnion credit report recently (you get free credit reports every year through AnnualCreditReport.com), you may have ... Read More »

              5 Ways You’re Accidentally Wrecking Your Credit

              magnifying glass and a Denied credit application form

              It’s one thing to knowingly make decisions that hurt your credit score. We’ve all been there, and sometimes tough decisions must be made. But it’s an entirely different situation to accidentally wreck your credit. In some cases, we make decisions without realizing the impact on our credit. In other cases we may know that certain decisions can hurt our score, ... Read More »

                4 Reasons a Great Credit Score Won’t Solve All Your Problems

                "Credit rating" handwritten with white chalk on a blackboard

                More often than not I see clients who tell me they have good credit, yet are still struggling to pay their bills. Having a good credit score is great, but that alone does not necessarily mean you are good with managing your finances or that you’re not in debt. Let’s say you have a great credit score but you have ... Read More »

                  The Change That Could Give Millions of Americans a Better Credit Score

                  The Rentals

                  Millions of consumers could be lifted out of subprime status and get better loan terms if credit reports and scores were broadened to consider on-time utility and rent payments, according to a study released Wednesday by Experian. Experian is advocating for inclusion of non-traditional entries onto consumer credit reports, expanding them beyond loans, credit cards and mortgages. Doing so would ... Read More »

                    5 Things You Do Every Day That Can Improve Your Credit

                    Credit Score Distribution

                    Among all the strategies out there for improving your credit standing, it’s important to take note of the things that are easy. Some of the best ways you can help your credit are so ingrained in your day-to-day routine, you’re probably working on your credit without really thinking about it. The simple, carefree route to good credit — sounds nice, ... Read More »

                      4 Tips for Living Without Credit Cards

                      credit card verification

                      Credit cards can be good financial tools for the responsible consumer. In this day and age they can also feel absolutely essential since some stores, vendors and even airlines require plastic (though you can use a debit card too). But credit card spending can also lead to debt if not done responsibly. Switching to a cash-only life can help avoid this. ... Read More »

                        10 Tips for Boosting Your Credit Score in 2015

                        Credit Score Distribution

                        By Paula Pant, WiserAdvisor.com contributor Your credit score is more than just a three-digit string of numbers; it holds real power over your ability to rent an apartment, apply for a mortgage, secure a car loan and even get a job. What can you do if your credit score isn’t as great as you’d like it to be? Here are ... Read More »

                          FTC Reviews Credit Report Dispute Process and Reaches Conclusion

                          credit good

                          The Federal Trade Commission has issued a follow-up study of credit report accuracy that found most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece of disputed information on their report is still inaccurate. The congressionally mandated study is the sixth and final study on national credit report ... Read More »

                            How Do I Deal With This Old Debt from the Collection Agency? – Tai

                            credit good narrow

                            “Dear Steve, A collection agency is reporting that I opened a credit card in 2011. I was actually totally unable to get credit by 2011 because in graduate school I became unemployed and had some serious financial problems. I think this is a debt from 2004. Is there anything I can do about this? Thanks in advance. I am trying ... Read More »

                              Ways to Build Credit Without Relying Solely on Credit Cards

                              Debtstar

                              For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Only a small portion of your FICO score is based on having and using revolving credit. The first step is to understand what goes ... Read More »

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