Newest Answers

Why You Need More than Excellent Credit Scores

March 20th, 2015 | Author:

[Y]ou may have been working to improve your credit score for some time. You have paid down your debts, made sure all payments were on time and generally exhibited good credit behavior. Your goal is to reach a certain score, the "magic number," that you have set as a goal. Maybe it is 700, 750...Continue Reading »

What Should You Pay Attention To on Your Credit Report?

March 19th, 2015 | Author:

[I]f you have ever looked at a copy of your credit report, you may find it rather confusing. There are pages of information, symbols, dates and technical terms that you don't understand. It can be enough to make you toss it aside and forget about it. Since it is important to review your report, here...Continue Reading »

How You Can Damage Your Credit Unintentionally

March 18th, 2015 | Author:

[Y]ou probably know of several things that can hurt your credit: late payments, collections, charge-offs and bankruptcies. What you may not realize is how small, unintentional behaviors can impact your credit. 1. Carrying high balances. It is common for people to focus on paying their credit card bills on time and thinking that they have...Continue Reading »

How CreditVision from Trans Union May Improve Your Credit Score

March 17th, 2015 | Author:

[T]rans Union is one of the three major credit bureaus that creditors report to. The company has been making some changes that could impact a customer's ability to get approved for a loan. The change is in CreditVision. What is CreditVision? CreditVision is part of your Trans Union credit report that provides more information about...Continue Reading »

Experian is Trying to Change the Future of Credit Scores

March 16th, 2015 | Author:

[E]xperian developed a study that showed some interesting information for consumers about credit. According to this study, people would see their credit scores improve if non-traditional credit resources were included. These non-traditional resources would include rent payments and utilities, which at this point are not included in your credit report. The only time you see...Continue Reading »

Changes in Credit Reports Benefit Customers

March 13th, 2015 | Author:

[E]xpect to see some changes to your credit report in the upcoming months. The three major credit bureaus met with the New York Attorney General to change the reporting process. An agreement was reached that will mean changes to how information is disputed. What It Means to Customers The biggest impact to customers will be...Continue Reading »

Learn How to Save Money and Improve Your Credit Score

March 12th, 2015 | Author:

[S]ometimes unforeseen things happen. You lose your job or a major expense creates debt you didn't plan on. But for many people with bad credit, the reason is that they overspent and didn't learn how to save money. Bad Credit and No Savings These two things often go hand in hand. People who spend money...Continue Reading »

How to Improve Your Credit with a Secured Credit Card

March 11th, 2015 | Author:

[I]f you have had major credit problems in the recent past, you may have trouble qualifying for a traditional credit card. Even though having a credit card and using it responsibly is one of the best ways to improve your credit score, it can be tough to qualify with a bad record. Instead, you may...Continue Reading »

How Much Will a Missed Car Payment Hurt Your Credit Score?

March 10th, 2015 | Author:

[A]s you may know, your payment history is a big factor in your credit score. On-time payments help boost your score while late payments can hurt it. What happens if you forgot or couldn't afford to make a payment on a car loan on time? How Late Payments Hurt Your Score It doesn't matter what...Continue Reading »

Can a Spouse’s Bankruptcy Hurt You?

March 9th, 2015 | Author:

[M]any couples don't talk about finances during the dating and engagement phases of the relationship. It is only after they are married, that they develop concern over where they may be. Bankruptcy is one issue that can weigh heavy on a marriage even if it occurred prior to the wedding day. Understanding the Impact of...Continue Reading »

Avoiding Collections for Debt

March 6th, 2015 | Author:

[C]an you avoid having an account sent to collections if you fall behind on payment? The short answer is "yes, but…" It is important to understand collections, creditors and how they work. Creditors Like to Avoid Collections You don't want debts sent to collections agencies because it can put a bad mark on your credit...Continue Reading »