Newest Answers

Strategies to Avoid to Get Out of Debt Even If it Improves Your Credit Score

April 17th, 2015 | Author:

[I]f you are trying to improve your credit score to qualify for a loan or new credit, you may be willing to try any strategy to get out of debt. While setting a goal to be debt-free is a good thing, not all strategies are sound choices. Here are a few things to avoid when...Continue Reading »

Should You Choose Cash Over Credit If You Have a Bad Credit Score?

April 16th, 2015 | Author:

[F]or many people, the idea of paying cash for something seems archaic. They whip out their credit cards and never worry about having cash on hand. But for the person who has had issues with credit in the past, using credit may not be the best option even if he or she now has a...Continue Reading »

Choosing Between Debt Consolidation or Bankruptcy

April 15th, 2015 | Author:

[I]f you have fallen on hard times, you may be having difficulty paying your debts. As you fall further and further behind, you may wonder if you should file bankruptcy or if debt consolidation will help you at all. Which option is best for you now and in the future? Debt Consolidation If you have...Continue Reading »

Disputing Your Credit Report

April 14th, 2015 | Author:

[E]xperts often tell you to check your credit report and dispute anything that isn't true. But what happens when you file a dispute? Does it impact your credit score or ability to get credit? In many cases, the answer is "yes." Options for Disputing You have two options to dispute something on your credit report....Continue Reading »

Dealing with a Collector or the Original Creditor

April 13th, 2015 | Author:

[Y]ou get a collections notice in the mail from an agency for an account you had forgot about. The letter sounds formal and even downright intimidating. You wonder if it is possible to pay the original creditor and skip over the collections agency since you've heard they can be difficult to deal with. Is this...Continue Reading »

How You Can Damage Someone Else’s Credit

April 10th, 2015 | Author:

[Y]our credit score is tied to so many things like getting approved for a car loan or mortgage, getting good rates on insurance and getting new credit. Many other people review your credit report such as potential landlords and employers. You want to keep it in the best shape possible. Damaging someone else's credit is...Continue Reading »

When Should You Get a Credit Report?

April 9th, 2015 | Author:

[I]f you have heard that you get an annual credit report for free from each of the three major credit bureaus, you may wonder when you should you request them. Some people do it at the beginning of the year just like annual New Year's resolutions. Others do it around their birthdays. Some people even...Continue Reading »

5 Ways You Can Save Money and Improve Your Credit

April 8th, 2015 | Author:

[A]ccording to statistics, the American consumer has been spending less money on certain things. If you are trying to save money to pay down credit card debt and improve your credit score, you might want to pay attention to what those expenditures are. As you pay down your credit card balance, you help your credit...Continue Reading »

Embarrassing and Frustrating Situations for People with Bad Credit Scores

April 7th, 2015 | Author:

There are a few common themes for many people with bad credit scores who want to make changes. They often find themselves in embarrassing or frustrating situations with no idea of what to do or where to turn. When You Have More Debt than You Can Pay This often happens when people take on too...Continue Reading »

Understanding Dates on Your Credit Report

April 6th, 2015 | Author:

[W]hen you look at your credit report, you are going to see a lot of different dates. They may be confusing and difficult to understand. You don't need to worry about all of them, but certain dates have a direct impact on your credit score. Date an Account was Opened Having a long credit history...Continue Reading »

The Wrong Way to Use Credit

April 3rd, 2015 | Author:

[I]f you want to use your credit card to build or rebuild your credit, you must know the right way to utilize it. When you do the wrong things, you set yourself up for more credit problems. Here are things to avoid when you get a credit card. Buying Things You Don't Have Cash For...Continue Reading »