Over the last few years, Credit Reporting has gotten a lot of attention in the media. Part of it due to the Dodd-Frank Financial Reform Act, but I also give a lot of “credit” to the jingles of Freecreditreport.com. Although I love the commercials, I’m not a huge advocate of the website. Their idea …
credit score
3 Tricks To Begin Building Credit
The question I always get from people with regards to credit is: “How do I build credit? I can’t get approved for anything.” It probably feels like an endless cycle. You can’t have credit unless you get a loan, but you won’t get a loan unless you have credit. A lot of younger adults struggle with …
How To Get Approved For A Loan Vol. 2
I’m going to piggyback off of vol. 4 and go into more detail. Keep these tips in mind in order to get approved for a loan. The “more detail” is bold/italicized. Credit - Most banks and lenders consider anything above 720 excellent. How to get there: Check your report for …
How To Get Approved For A Loan
The most important reason to maintain good credit is for loans. There are a number of other reasons (I’ll mention later) but it’s primarily to save you on the interest you’ll pay on loans. With that said, here are a few tips to consider when applying for a loan. Credit - Most banks and lenders …
Where Should I Check My Credit Report?
The biggest step you can take to improve your credit score is: TO CHECK IT! How can you improve something you can’t see or know nothing about? You can’t… Thankfully the Federal Government has helped us with step 1. By visiting www.annualcreditreport.com (government sponsored) you are able to …
Will My Credit Score Drop If I Apply For New Credit?
Will my score drop if I apply for new credit? If it does, it probably won’t drop much. If you apply for several credit cards within a short period of time, multiple requests for your credit information (called “inquiries”) will appear on your report. Looking for new credit can equate with higher …
What’s In Your Credit Score?
Paying bills such as phone bills, utility bills, insurance and rent payments DO NOT report to any credit bureaus. (With this said, failure to pay these items could result in collection which WILL bring down your score - I’ve seen a lot of derogatory Verizon accounts reporting) What goes into your …
