Newest Answers

Why Credit Scores Drop When You Pay Off Debt

July 28th, 2014 | Author:
h

ave you ever noticed after you’ve paid off your student loan, car loan or other debt that your credit score drops? How about after paying off your home mortgage or major credit card? Before you panic, there are a several factors as to why your credit score can fluctuate on a weekly basis. Payment history […]

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When An Old Debt Shows Up On Your Credit Report

July 28th, 2014 | Author:
h

ou may be one of those people that likes to keep track of your credit on a regular basis, or you may be checking it for a future home purchase. Whatever reason you have for checking your credit, you get a sickening feeling when a debt shows up on your report and knocks your credit […]

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Credit Repair Scams: Just Say No

July 25th, 2014 | Author:
h

any people want better credit. They know the key to getting a new car or home is a good credit score. If they have had trouble with credit in the past, they may feel that it is impossible to erase their bad choices. While this is often true, there are plenty of companies that tell […]

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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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