If you’re in need of credit repair, it’s something that you have to devote time and energy toward working on. Repairing credit takes commitment and a proper understanding of how credit is configured. And while improving your credit score isn’t something that’s easy or fast to do, harming it is something that […]
Payment history is a vital part of a consumer’s credit scores, so we debunk five of the most pervasive myths about late payments. One prevalent misconception is that a single late payment is no big deal. The reality is that on-time payments are the single most important factor in the FICO formula. Research […]
Here are 10 common things consumers tend to get wrong about their scores. 1. The Credit Bureaus Experian, Transunion And Equifax Evaluate My Credit Score 2. There’s Only One Type Of Credit Score. 3. When I Close A Credit Card, The Age Of The Card Is No Longer Factored Into My Credit […]
Most people never realise just how important their credit score and credit rating is until it has been adversely affected in some way. This typically occurs due to either being late for credit payments or missing them altogether. Unfortunately, having a low or bad credit score will influence your ability to get […]
Here are the top 10 credit score fictions on which you need the facts… 1. More Money Earned Means Higher Credit Scores 2.Once You’ve Settled A Debt It Drops Off Your Credit Report 3. Credit Bureaus Are Accurate All The Time 4. Cash-Only Policies Will help your Credit Score 5. Credit Reports And Credit […]
If someone offered you free coupons for all the biggest purchases you’ll make in your life, saving you loads of cash, would you take it? Of course you would. Why then, do so many Americans neglect their credit score? Having a good credit score is like having the world’s best coupon book […]
Myth #1: Having no negative information on your credit report prior to bankruptcy leads to a higher post-bankruptcy credit score than if your report contained derogatory information prior to the filing. Fact #1: While intuitively this logic might make sense — better credit management prior to the bankruptcy means lower future […]
Your credit health is kind of like your physical health–there’s no fast lane to a perfect credit score or perfect health; it’s a long-term journey. But just as you can make healthy diet and exercise choices today, you can do the same for your credit. Here are a few things you can try […]