Thanks for continuing on to the second part of my FICO Factors series. As mentioned in Part 1, these next five factors negatively impact your credit score in a huge way. Please make sure you have read the first part of this two part series to make sure you're getting the full value out of [...]
It seems like a simple question, but to tell you the truth, it get's a little complicated. By asking what is a good credit score, you already know how important your credit score is to your life dreams. Without a good credit score it can be difficult to rent a house, get a credit card, [...]
Your goal is to remove those pesky late payments from your credit report. It's a smart move. Late payments weigh heavy on your credit score. On top of that, late payments look horrible to creditors or landlords who want to make sure you won't be late paying them as well. You can't blame them, don't [...]
Credit has been tough to get ever since the financial crisis forced banks to tighten up policies and enforce higher approval standards. This has made it much more difficult to re-build your credit and forced many of us to take short-term payday loans with incredibly high interest rates. The worst thing about payday loans is [...]
Are you confused with your constantly changing credit score? Every time you check your credit it seems to change, even when you haven't applied for any new accounts. Why? Don't worry, I was confused as well until I started really keeping track of my score and how changes to my credit report were affecting it. [...]
Your credit score is the most important three digit number in your life. Credit scores can be confusing when trying to understand how to establish or fix your credit. If you've asked yourself these questions, then your in the right place: How many credit scores do I actually have? How often does my credit score [...]
It can be hard to get a straight cash loan without having established credit. When lenders check your credit report and don't see any positive credit history, they can't be sure you're capable of paying back the loan. Bad credit or collections make the situation even more difficult. If your credit score is under 650, [...]
Debt loads us down and puts a drain on our wallet, affecting our entire life as we struggle to catch up on payments and stay one step ahead of debt collectors. We have enough stress in our everyday lives and constantly being reminded of how far behind we are only increases anxiety - making it [...]
Applying for a new credit card can be a time-consuming and complicated process. It's so easy to find credit card offers online, we get solicited by our banks to apply for new cards, and mail comes in daily to inform us of pre-approved offers. But does that mean we will actually be approved? If your [...]
Improving your credit score is a HUGE task. It requires full-time effort, and yes some money (not much). If it were easy, wouldn’t you already have a solid credit score? After writing this post, I had to add a disclaimer: You can and will hopefully see improvements to your credit score within 45 days by [...]