Newest Answers

Does Where You Shop Matter for Credit Score Tracking?

October 24th, 2014 | Author:

[Y]ou may wonder if your favorite store is good or bad for your credit score. Or maybe you shop at a lot of stores and you worry that it might not look good for your credit. The truth is that it doesn’t matter where you shop as long as you pay your credit card bills....Continue Reading »

Is Rent-to-Own a Good Option for Buyers with Bad Credit?

October 23rd, 2014 | Author:

[I]t is still the American dream for many to buy a home. Even after the housing crisis, many would-be first-time homeowners are browsing through the listings to find the place they want to call home. Because of the housing market collapse, it has gotten more difficult for many to qualify. Low credit scores are one...Continue Reading »

How Your Landlord or HOA Can Ruin Your Credit?

October 22nd, 2014 | Author:

[H]ave you got a bad landlord or homeowner’s association? You ask for repairs when something breaks or the building is poorly maintained. It is frustrating to deal with so when you move, you decide to “teach them a lesson.” You fail to pay last month’s rent or your association dues. Failing to pay even when...Continue Reading »

How to Raise Your Credit Score More Than 100 Points in One Month

October 21st, 2014 | Author:

[Y]ou’ll see this claim a lot when you start researching how to improve your credit score fast. Companies make promises that you will see major results in no time. These claims sound fake to many people but for those desperate to qualify for a home or other major purchase, it may seem like a dream...Continue Reading »

FICO Score Up to 692 for National Average

October 20th, 2014 | Author:

[T]he average FICO score went up back in April of 2014 to 692. While it falls in the range of average credit, it is on the high end. Prior to the recession, the average score was 690. Increased Responsibility Two major factors are being attributed for the jump. First, people are being more responsible with...Continue Reading »

Could Congress Help You Get a Better Credit Score?

October 17th, 2014 | Author:

[H]ave you ever lamented over past mistakes that just won’t go away? You made poor decisions in the past or an unfortunate situation happened and you are paying for it years later. Legislation that is being proposed to Congress may change things for people with lower credit scores. In this legislation, changes would be made...Continue Reading »

Can You Get Fired for Bad Credit?

October 16th, 2014 | Author:

[M]ore employers are checking credit reports as part of the hiring process. While this is controversial for many people, it is becoming standard procedure in many jobs. The result is that you may not get hired if you have bad credit. What you might not know is that you can also get fired for having...Continue Reading »

When Saving Money Hurts Your Credit

October 15th, 2014 | Author:

[O]ne of the most basic financial lessons to learn is the importance of saving money. You may be taught by parents or grandparents from an early age to save your money. You hear about it in money classes and even in credit counseling. Read numerous articles on saving money and you will find all kinds...Continue Reading »

What Causes Errors in Your Credit Report?

October 14th, 2014 | Author:

[T]he first time you look at your credit report, you may be surprised at the information that is listed. If you request reports from two or all three of the major credit reporting agencies, you may notice that the information looks different from one to another. How can the balance on a credit card be...Continue Reading »

Is Renting to Own a Good Option If You Have a Bad Credit Score?

October 13th, 2014 | Author:

[O]ne of the big dreams for many people is to buy their own homes. If you have bad credit, this can be a challenge. You may have to save up money to pay off old debts to improve your credit score and then save more money for a down payment. If you’ve heard about rent...Continue Reading »

How Your Credit Score Impacts How Much House You Can Buy

October 10th, 2014 | Author:

[W]hen people start looking to buy a home, they often look at their credit scores. They know it is difficult to buy a home with a score below 640. Anything under 600 and it is all but impossible. With the recent changes in some lending practices, a few lenders have loosened up their lending guidelines...Continue Reading »