Newest Answers

What to Expect with VantageScore 4.0

May 22nd, 2017 | Author:
h

[V]antageScore announced it would have the latest version of its credit scoring model out for use sometime in the fall of 2017. Several updates expect to more accurately measure a person’s credit history. The Credit Balance One of the big changes in how balances on credit accounts will impact a person’s credit rating. Instead of...Continue Reading »

What to Consider with Annual Fee Credit Cards

May 19th, 2017 | Author:
h

[M]any credit cards come with an annual fee. In fact, people with bad credit often assume that’s the only kind of card they can qualify for. While it’s true that many cards have the fee, not all do. Before you apply for a card, you should consider the annual fee. Cards for Bad Credit A...Continue Reading »

How You Can Pay Off Your Mortgage Sooner

May 15th, 2017 | Author:
h

[T]he secret to financial independence and good credit is having enough money to live on and for emergencies. One way to ensure this is by reducing your debt. The biggest debt for many is with their home. A mortgage not only comes with a higher payment, but it is often set up for 30 years....Continue Reading »

How to Protect Your Credit If You’re a Freelancer

May 3rd, 2017 | Author:
h

[B]ecoming a freelancer where you can work from home is a dream for many. It allows them the flexibility of making their schedule fit their life instead of working 9 to 5 and gives them the freedom to do what they want and be their own boss. However, it can also cost them financially if...Continue Reading »

The Basics of Budgeting

April 24th, 2017 | Author:
h

[W]hether you are just starting out on your own or just starting over, one of the most important things you can do is learn how to budget. Many people think they know how to budget, but they fail to stick with it. So, the goal is to not just create a budget, but to create...Continue Reading »

Revolving Credit or Installment Loans: Which is Better for Your Credit?

April 21st, 2017 | Author:
h

[I]f you’ve been learning about credit, one of the first things you’ll hear is you can’t get credit if you don’t have credit. It often seems to be a Catch-22; no one will give you credit so you can’t get established with a credit history so you can get new credit. With diligent effort, you...Continue Reading »

What to Do When a Landlord or Employer Asks to See Your Credit Report

April 19th, 2017 | Author:
h

[S]ometimes when you are filling out a rental or job application, you’ll come to a page that asks you to sign and authorize a credit check. Most people will sign it, hoping for the best if they have less than perfect credit. Even when you do sign it, you may wonder if that was the...Continue Reading »

Why Do Employers Look at Your Credit Report?

April 17th, 2017 | Author:
h

[I]f you’ve applied for a job, you may have been asked to provide authorization for the potential employer to look at your credit report. While you signed it just to be considered for the job, you may wonder why they need to know about your credit history. What are employers looking at when they review...Continue Reading »

Do Creditors Look Past Your Credit Score?

April 16th, 2017 | Author:
h

[Y]ou hear all about the minimum credit score needed to get a credit card or loan. It seems like this one magic number seals your fate. You wonder if creditors or lenders even look at the information in your credit report or if they just use that number to get a decision for your application....Continue Reading »

What Creditors Look at on Credit Reports

April 14th, 2017 | Author:
h

[T]here’s a lot of information on a credit report. If you’ve ever requested a free copy of your credit report, you may have been overwhelmed at all of the stuff on there. It makes you wonder what creditors and lenders really look at. Do they read every line or do they skim? If they skim,...Continue Reading »

How a Credit Card Can Help You Build Credit

April 7th, 2017 | Author:
h

[A]fter the recession of 2008, more people have become conscious of debt. Some of them have decided to give up using credit cards or other forms of credit in favor of a cash-only approach. While this is a good idea for people with bad spending habits or those who have a tendency to live beyond...Continue Reading »