Repairing your credit is a difficult but worthwhile endeavor. It will take work and time, so you definitely don’t want to undue any of your efforts by making a mistake that may initially seem harmless. Just be circumspect in your actions, think through your money decisions, and don’t allow old habits to resurface.
The latest analysis from Equifax shows that credit scores do improve after credit-challenged borrowers take out an auto loan
It is very important to be aware of everything that is contained within your credit reports. After all, this is the information that potential lenders will use in order to determine whether or not you’re a good loan candidate. Of course, you also need to know how to interpret the data that is presented in a report from TransUnion, Experian or Equifax.
While it may be tempting to use your tax refund as a down payment on a new car, is this really the best option for right now? If you have unpaid debt, you may be doing yourself a huge favor by using your extra cash to pay what you owe. Your credit score will thank you.
If you have bad credit, you may be looking for the quickest fix possible. And some companies claim that they can fix your credit overnight, but can they really? Are their methods legal? Before you give money to anyone who makes promises about your credit, you should know what is actually involved in legitimate credit repair.
You walk into the dealership. You meet the salesperson. You test drive the car. You love it. You fill out the application. You wait. You wait some more. You really love that car. You see your family in it, taking trips and having fun. The salesperson returns. You are denied. Cue the sound of a sad trombone.
For the first time in a long time, it actually feels good to put gas in the tank. You’re probably saving a decent amount of money due to the current low cost of fuel, and you may be wondering what you should do with the extra cash. Since, unfortunately, these cheap gas prices won’t last forever how can you take advantage of it now?