Building credit is a bit of a catch-22 – you need established credit in order to get approved for loans and other means of financing. However, establishing credit can be difficult without a history of paying off loans and credit cards. Thankfully, simple steps such as opening secured credit cards, paying bills on time, and […]
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In the United States, one of the most important parts of overall financial health is having a good credit score. Those that have a good credit score will be able to qualify for better rates on mortgages, auto loans, and a variety of other loan types. Those with poor credit scores – or no credit at […]
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Your credit score has a significant impact on your ability to get approved for loans. From car loans and mortgages to personal loans and credit cards, all lenders will want to run a detailed credit check as part of the screening process. There are two main types of credit scores: Vantage Scores and FICO scores. And […]
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It’s important that you request your yearly free credit reports and check them for inaccuracies. A 2012 study found that 1 in 4 Americans had errors on their credit report that had the potential to bring their scores down. To make sure that your score isn’t being dragged down due to factors that aren’t your fault, you […]
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If you’re applying for a loan or a new job and you have a low credit score, you’ll likely want to find a way to increase your credit score quickly. Fortunately, you don’t need a hacker in order to quickly raise your score; instead, there are some easy steps that you can take on your […]
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When you choose to get a credit card, you may wonder: What is the highest interest rate that I can be charged? The answer is that the federal government does not place any caps on the interest rates that credit card companies can charge. Getting a credit card is a risky enough endeavor. If you get one just […]
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Everyone says “you need a good credit score,” but credit scores are only ever spoken about in vague terms. Like most people, you likely wonder: What score is “good enough”? Do an extra 100 points really make that much of a difference when my credit score is already decent? Is the effort of trying to […]
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If you owe money on your student loans, you’re not alone; more than 44 million Americans are in the same boat. You may wonder if your student loans affect your credit score. The answer is yes, they do, but the effect can be either good or bad. It depends, for the most part, on whether you make […]
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Your credit score can have a major impact on different aspects of your life, such as your ability to get approved for a loan. Unfortunately, if you have a less-than-ideal credit score, you may have a hard time getting approved for financing—especially at a reasonable interest rate. As a result, you may be unable to purchase […]
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Buying a house is an exciting experience, but it can also be overwhelming for a first time home buyer. Some people immediately visit a real estate agent, only to find that they’ve skipped a number of vital steps in the home buying process. Others simply don’t know where to start. To help you get on […]
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