Articles Tagged ‘credit score’
How to Get Your First Credit Card
Monday, June 11th, 2012
There are many different rites of passage that individuals use to measure their achievements in the financial world. A child getting their first savings account, a student paying off their student loans, and getting approved for a first home mortgage are all notable milestones.
For many people, you can probably add getting their first credit card to that list of achievements. Unfortunately, it’s not always easy to obtain your first credit card, and the path to doing so is not always clear. For many people it’s difficult to establish creditworthiness if they’ve never had credit extended to them before.
Here is...
Advice on How to Improve a Credit Score Without Gimmicks
Wednesday, June 6th, 2012
Even as interest rates on home mortgages and some consumer debt remains relatively low, it’s as important as ever that you keep your credit score healthy. Not only can having a good credit score make it more likely you’ll get a good rate, it might also make the difference between getting the loan at all, and being rejected.
While some will advise you to start looking at tricks and gimmicks such as credit piggybacking in order to improve your score, taking charge of your own financial future doesn’t have to be such a gimmick.
Here is some borrowing and credit card...
How to Do a Better Job at Managing Credit Scores
Perhaps more than any other single number, your credit score has a significant impact on your financial health. With a better credit score you’ll be able to pay a lower interest rate on your credit cards, car loan and home mortgage loan. On the other hand, if your credit score is too low you might not be able to get certain types of loans at all. It’s therefore vitally important that you manage your credit score and keep your number high.
In order to do a better job of managing your credit score, you’ll need to be proactive. If you...
Tuesday, May 15th, 2012
Perhaps more than any other single number, your credit score has a significant impact on your financial health. With a better credit score you’ll be able to pay a lower interest rate on your credit cards, car loan and home mortgage loan. On the other hand, if your credit score is too low you might not be able to get certain types of loans at all. It’s therefore vitally important that you manage your credit score and keep your number high.
In order to do a better job of managing your credit score, you’ll need to be proactive. If you... Advice on How to Improve Your Credit Score in 2012
Even if you don’t plan on buying a home or car or making any other significant financial purchases in the coming year, it’s important to make sure that your credit score is as high as possible.
Improving your credit score can help you save money in the form of lower interest rates on your current credit cards, and help you get approved if you want to apply for new credit cards. Having a better credit score could even help you when applying for a new job, as employers in some industries (as well as certain types of jobs functions in...
Thursday, January 26th, 2012
Even if you don’t plan on buying a home or car or making any other significant financial purchases in the coming year, it’s important to make sure that your credit score is as high as possible.
Improving your credit score can help you save money in the form of lower interest rates on your current credit cards, and help you get approved if you want to apply for new credit cards. Having a better credit score could even help you when applying for a new job, as employers in some industries (as well as certain types of jobs functions in... 10 Tips to Improve Your Personal Credit Score
We all have a lot of important numbers in our lives, but when it comes to borrowing money, your credit score is one of the most important. Credit scores are something of an enigma to the average consumer, because we don’t have free access to them like we do our credit reports. But you can find out your credit score by paying a small fee, and there are also online calculators that will help you estimate it based on your credit history.
In order to borrow money from many lenders, you’ll need a credit score of at least 620. And...
Friday, November 18th, 2011
We all have a lot of important numbers in our lives, but when it comes to borrowing money, your credit score is one of the most important. Credit scores are something of an enigma to the average consumer, because we don’t have free access to them like we do our credit reports. But you can find out your credit score by paying a small fee, and there are also online calculators that will help you estimate it based on your credit history.
In order to borrow money from many lenders, you’ll need a credit score of at least 620. And... Credit Cards for People with Bad Credit
Sometimes bad credit is a result of poor money management. Others, it’s due to job loss, illness, or other circumstances beyond one’s control. But whatever the reason may be, having bad credit can make life a lot more difficult. Those who wish to rebuild their credit may have a hard time doing so because they won’t qualify for most loans and credit cards.
Fortunately, there are credit cards out there designed for those with bad credit. Their interest rates and fees are often higher, but once you’ve established a good record with them, you’ll be more likely to qualify for...
Monday, May 9th, 2011
Sometimes bad credit is a result of poor money management. Others, it’s due to job loss, illness, or other circumstances beyond one’s control. But whatever the reason may be, having bad credit can make life a lot more difficult. Those who wish to rebuild their credit may have a hard time doing so because they won’t qualify for most loans and credit cards.
Fortunately, there are credit cards out there designed for those with bad credit. Their interest rates and fees are often higher, but once you’ve established a good record with them, you’ll be more likely to qualify for... Why Balance Chasing Can Hurt Your Credit Score
First, let me explain what "balance chasing" means. If you own a credit card and carry a balance, you may have recently received a letter in the mail from your creditor telling you they’ve lowered your balance. Maybe you originally had a $6,000 balance, they cut it down to $4,000 and you owe $3,900. This is balance chasing, and here is some advice on how to deal with it.
Balance chasing is when your creditor cuts your balance down to just above what you owe. They do it because they’re trying to reduce risk, but they also stand to...
Monday, June 28th, 2010
First, let me explain what "balance chasing" means. If you own a credit card and carry a balance, you may have recently received a letter in the mail from your creditor telling you they’ve lowered your balance. Maybe you originally had a $6,000 balance, they cut it down to $4,000 and you owe $3,900. This is balance chasing, and here is some advice on how to deal with it.
Balance chasing is when your creditor cuts your balance down to just above what you owe. They do it because they’re trying to reduce risk, but they also stand to... How to Improve Your Credit Score
Credit score or FICO in the dumps? Need to pick it up fast? Buying a home? Applying for a job? Not to worry; here is some advice on how to improve your credit score.
Before I get to specifics, it’s important for you to know that your credit score is important not only if you are applying for credit, but also if you are applying for a job. Many companies will review your credit score as part of your employment application because they believe that if you have a solid credit score you may also be more responsible than a...
Tuesday, June 8th, 2010
Credit score or FICO in the dumps? Need to pick it up fast? Buying a home? Applying for a job? Not to worry; here is some advice on how to improve your credit score.
Before I get to specifics, it’s important for you to know that your credit score is important not only if you are applying for credit, but also if you are applying for a job. Many companies will review your credit score as part of your employment application because they believe that if you have a solid credit score you may also be more responsible than a... 
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