Newest Answers

How to Tackle Debt to Raise Your Credit Score

July 24th, 2014 | Author:
h

ne of the things many people do when they want to improve their credit score is to tackle their old debts. They believe that by paying off old credit cards, collections and other debts, they will improve their credit rating and qualify for that mortgage or car loan they want. Here are some things you […]

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How Other People Can Ruin Your Credit Score

July 23rd, 2014 | Author:
h

ost people know that they can damage their own credit by the decisions they make. They also realize what those decisions are. However, they may not think about the ways that other people can also damage their credit scores. When You Co-Sign If you co-sign on any account, your credit could suffer if the other […]

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How Often Should You Look at Your Credit Reports?

July 22nd, 2014 | Author:
h

ou hear a lot of advice about checking your credit reports, always knowing what is on those reports. You never know when you could be the victim of fraud if you don’t check them. But how often is too often and when do you really need to check up on your credit reports? Looking for […]

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Does Age Matter for a Credit Score?

July 22nd, 2014 | Author:
h

ou may wonder if your age factors in at all on your credit score. It certainly seems to influence many aspects of your life. However, with credit reports, your age doesn’t matter. On the other hand, your credit age does matter. Age of Accounts The age of your oldest account plays a role in determining […]

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Can You Teach Your Teen about Credit with a Credit Card?

July 21st, 2014 | Author:
h

arents work to give their teenagers the information and experience to be successful adults someday. Many wonder if giving them their own credit card while they are still living at home and under Mom and Dad’s watchful eye is a good way to teach them about credit. That depends on your kids and what you […]

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When You Don’t Have Enough Credit

July 18th, 2014 | Author:
h

hile many people worry because they have too much credit, it is easy to go in the other direction and not have enough. They work hard to clean up bad debts, pay off credit cards and collections, and vow never to get in that situation again. Their answer is to pay everything with cash and […]

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Is Rent-to-Own the Only Option for Buyers with Bad Credit Scores?

July 18th, 2014 | Author:
h

ou’ve seen the ads. Pay only $20 a week and that brand new HDTV will be yours. Rent-to-own stores make their deals look so attractive and many people fall for the ads. But for those with bad credit scores, they may see it as the only way to get the item they want. The truth […]

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Is Rapid Rescore Good or Bad for Your Credit?

July 17th, 2014 | Author:
h

f you have ever applied or researched about mortgages, you may have come across the term “rapid rescore.” This is mainly done for those that want to get a mortgage but have a credit score just below the cut-off point. They may have a score of 625 but need it to be 640. When your […]

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Can Your Credit Score Really Jump 50 Points in Just a Few Months?

July 16th, 2014 | Author:
h

ou’ve heard the stories where someone decided to repair their credit score and it jumps 50, 60 or even 100 points in three or four months. You wonder if this is even possible. If it is possible, you don’t understand why you can’t figure out the secret after reading countless articles and messages in forums. […]

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Beware of Roommates and Your Credit Score

July 15th, 2014 | Author:
h

ou may think sharing an apartment with one or more roommates is the way to save money. It can be if you are careful. Sharing expenses allows you to live in a nicer place than what you could afford on your own, and you aren’t stuck paying all of the bills. However, there are some […]

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VantageScore vs. FICO Score: Which One Matters to You?

July 14th, 2014 | Author:
h

ost people have heard of the FICO score, which is well-known in the credit and lending industries. It is the score by which many creditors decide whether or not to approve your application. However, VantageScore is a direct competitor to the longstanding FICO and has a few major differences. What is VantageScore? The latest version […]

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