The new ResidentCredit program from TransUnion is a step in the right direction as it has the potential to help millions of
consumers with problem credit expand their credit history as well as raise their credit scores. We only wish the program embraced all renters – not just those living in complexes with 100 or more units.
While it’s still not perfect, one free credit score is better than none at all and it should give borrowers an idea of where they stand, credit-wise. Adding the ability to view credit reports at any time makes an even stronger case for consumers to sign up with Credit Karma.
It’s not only important that consumers not only understand the different types of credit, but also the ways in which they can reestablish credit if they’ve experienced problems with any type in the past.
For stay at home parents and other non-working adults, getting a credit card these days can be difficult, however it is very possible.
Credit repair can feel like an uphill battle when you’re not sure where to start. Contrary to popular belief, a good place to start is actually with an auto loan.
With the number one cause of divorces today being financial reasons, it’s no surprise that this is also the greatest cause of stress during and after a divorce too.
But a car loan is only installment credit and if these consumers are seriously interest in credit repair, they’ll also need to reestablish at least one line of revolving credit. The easiest way to do this is to get approved for some type of credit card.