Your credit report is one of the foundations of your financial future because lenders use it to determine whether to extend credit to you, and how much to charge you for that credit. Having too much negative information on your credit report could lead to your having to pay higher interest rates on your home mortgage, car loan and credit cards, or perhaps not even being able to get those loans in the first place.
You need to be on the lookout for inaccurate information that appears on your report, and any unauthorized attempts to use your credit record to... Articles Tagged ‘credit score’
How to Monitor Your Credit for Less Money
Your credit report is one of the foundations of your financial future because lenders use it to determine whether to extend credit to you, and how much to charge you for that credit. Having too much negative information on your credit report could lead to your having to pay higher interest rates on your home mortgage, car loan and credit cards, or perhaps not even being able to get those loans in the first place.
You need to be on the lookout for inaccurate information that appears on your report, and any unauthorized attempts to use your credit record to...
Friday, June 21st, 2013
Your credit report is one of the foundations of your financial future because lenders use it to determine whether to extend credit to you, and how much to charge you for that credit. Having too much negative information on your credit report could lead to your having to pay higher interest rates on your home mortgage, car loan and credit cards, or perhaps not even being able to get those loans in the first place.
You need to be on the lookout for inaccurate information that appears on your report, and any unauthorized attempts to use your credit record to... It’s Time For Your Annual Credit Report – What You Need to Know
Your credit report is the single most important financial document when it comes to determining how much you’ll have to pay in interest and fees whenever you borrow money. Because you’re likely to end up borrowing hundreds of thousands of dollars or more over the course of your adult life (in the form of home mortgages, car loans, credit cards and other consumer debt), it’s important to be active in managing your report.
Of course, managing your credit means that you need to know exactly what your report contains, so many individuals choose to review their reports on an annual...
Tuesday, April 23rd, 2013
Your credit report is the single most important financial document when it comes to determining how much you’ll have to pay in interest and fees whenever you borrow money. Because you’re likely to end up borrowing hundreds of thousands of dollars or more over the course of your adult life (in the form of home mortgages, car loans, credit cards and other consumer debt), it’s important to be active in managing your report.
Of course, managing your credit means that you need to know exactly what your report contains, so many individuals choose to review their reports on an annual... Simple Tips to Build Credit from Scratch
Trying to build good credit from scratch has often become such a challenge that it almost seems like a bad joke. Some individuals find that their lack of a credit history often serves as a basis for being rejected for a new credit card, car loan or home mortgage. Of course, having one or more of these accounts is the best way to build a credit history in the first place.
Fortunately, there are other ways to build your initial credit history, and make it more likely that you’ll be approved for credit cards and loans in the future.
Here...
Monday, March 25th, 2013
Trying to build good credit from scratch has often become such a challenge that it almost seems like a bad joke. Some individuals find that their lack of a credit history often serves as a basis for being rejected for a new credit card, car loan or home mortgage. Of course, having one or more of these accounts is the best way to build a credit history in the first place.
Fortunately, there are other ways to build your initial credit history, and make it more likely that you’ll be approved for credit cards and loans in the future.
Here... 6 Credit Hits That Can Lower a Credit Score by 100 Points or More
Your credit score is quite possibly the single most important measure of your creditworthiness when you’re applying for a new loan or credit card. Home mortgage lenders and credit card companies will not only use your score to determine whether or not to extend you credit, but also what interest rate you’ll pay for that credit.
While the exact formula used to calculate your credit score is not known, and contains a number of different components, we do know that certain types of activities can result in a significant drop in your score.
Here is some credit card advice on...
Thursday, March 7th, 2013
Your credit score is quite possibly the single most important measure of your creditworthiness when you’re applying for a new loan or credit card. Home mortgage lenders and credit card companies will not only use your score to determine whether or not to extend you credit, but also what interest rate you’ll pay for that credit.
While the exact formula used to calculate your credit score is not known, and contains a number of different components, we do know that certain types of activities can result in a significant drop in your score.
Here is some credit card advice on... How Often Does Your Credit Report Change?
Friday, December 7th, 2012
Your credit report – and the credit score that’s calculated based on the information on your credit report – plays a significant role in determining how much you’ll have to pay in interest charges whenever you take out a loan. In fact, your credit report will likely be the primary factor in a lender’s determination of whether or not to make a loan to you in the first place.
It’s important to understand that your credit report is a living and breathing document. Many different things you do will impact your credit report, and your report will change based on...
Want a Credit Limit Increase? Understand the Effects
Even if you don’t normally carry a balance on your credit card, you may find that there are times when your spending levels get uncomfortable close to your credit limit. Having a well thought out budget can help keep your spending at a predictable amount each month, but there still may be times where unexpected expenses can cause you to come close to maxing out your card.
Once this happens, you might consider calling your credit card company to request a credit limit increase.
Before you ask for that credit limit increase, however, it’s important to understand the effects of...
Friday, November 16th, 2012
Even if you don’t normally carry a balance on your credit card, you may find that there are times when your spending levels get uncomfortable close to your credit limit. Having a well thought out budget can help keep your spending at a predictable amount each month, but there still may be times where unexpected expenses can cause you to come close to maxing out your card.
Once this happens, you might consider calling your credit card company to request a credit limit increase.
Before you ask for that credit limit increase, however, it’s important to understand the effects of... Advice on Simple Steps to Build Your Credit
Even if you don’t plan to use credit cards very often, there are times you’ll be glad you have them (such as when you need to rent a car or reserve a hotel room for travel). In order to ensure that this type of consumer credit is always available to you, and that you don’t pay too much for the convenience, you’ll want to have a good credit score. Furthermore, having good credit can save you many thousands of dollars when it comes time to purchasing a home.
But you don’t start off with a good credit score by default....
Tuesday, October 23rd, 2012
Even if you don’t plan to use credit cards very often, there are times you’ll be glad you have them (such as when you need to rent a car or reserve a hotel room for travel). In order to ensure that this type of consumer credit is always available to you, and that you don’t pay too much for the convenience, you’ll want to have a good credit score. Furthermore, having good credit can save you many thousands of dollars when it comes time to purchasing a home.
But you don’t start off with a good credit score by default.... What To Do When Your Fiancée Has Bad Credit
Wednesday, October 10th, 2012
When two people get married they each bring different things into the new relationship. Usually there’s a mix of good things and bad things that each person carries with them, and sometimes these things can be of a financial nature.
But despite the commitment and the romance, your impending marriage doesn’t happen in a financial vacuum. Your future spouse’s financial status, including their credit rating, can significantly impact your joint finances going forward. Provided that you have an understanding of what some of the consequences can be, and plan accordingly, your hard-earned financial health won’t unduly suffer.
Here is some credit...
Why Was Your Credit Card Application Denied?
Even if you’re in a good overall financial position, it’s still possible that you can get rejected when you apply for a new credit card. The approval process itself is something of a mystery, since the credit card companies don’t specify exactly what it takes to get approved, and why certain applications get rejected.
Because having a credit card is an important part of building a positive financial profile – as well as being a significant convenience in modern life – it’s important to be aware of the possible reasons your recent credit card application was rejected.
Here’s some credit...
Monday, October 8th, 2012
Even if you’re in a good overall financial position, it’s still possible that you can get rejected when you apply for a new credit card. The approval process itself is something of a mystery, since the credit card companies don’t specify exactly what it takes to get approved, and why certain applications get rejected.
Because having a credit card is an important part of building a positive financial profile – as well as being a significant convenience in modern life – it’s important to be aware of the possible reasons your recent credit card application was rejected.
Here’s some credit... Credit Card Advice: Four Credit Reporting Questions Answered
Thursday, July 26th, 2012
Your credit report is one of the single most important financial documents in your life. Depending on what’s contained in the report, you may end up having to pay tens or even hundreds of thousands of dollars in higher interest rates when you borrow money for home and car loans, as well as credit card charges, over the course of your life. In fact, if your credit report has some problems listed, you may not even be able to get a loan at all.
Despite the importance of your credit report, there are still a number of areas that people...
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