If you have spent any time in the world, you understand that credit is a big part of everybody’s lives, and it is important that it is good. If your credit isn’t the best and you want to improve it, …
There are many myths and half truths regarding credit, and it can be difficult to tell one from the other. Credit, good or bad, has such an influence on your quality of life that it is wise to have a basic understanding of how it works. What follows are a few common misconceptions, and what actually will build your credit.
Credit-challenged consumers who understand what actions will and will not impact their credit scores will find it easier to not only reestablish their credit, but also to improve that triple-digit number.
Will you or one of your children need to take out a student loan in order to complete a college degree? If so, you may be wondering 1) How easy or difficult these loans are to obtain, and 2) How borrowing money for school might affect your credit.
It would be great if a wave of a magic wand could fix your credit overnight. And while that can’t happen, there are steps that you can take to accelerate the recovery of your good credit.
Credit-challenged consumers who understand their credit scores (and what really affects them) as well as their credit reports (and what is and isn’t in them) will find themselves ahead of the game – considering that 40 percent or more of Americans with good or excellent credit don’t really understand either one.
Picture this. You see an appealing credit card offer, so you apply. And much to your dismay, your application is unceremoniously denied. What? Why? If you’re genuinely surprised by the rejection, there are a few steps you can follow to get to the bottom of why a particular lender sees you as a credit risk.