Credit
Get the latest news, tips and advice on credit cards, credit repair & debt relief.
Improving Your Credit Score Quickly
Have you recently been denied a credit card or maybe even a car loan? If so, you may suffer from credit score blues. Your credit score is an important factor companies use to determine your credit worthiness. Creditors suck as banks, car dealerships and credit card companies look at your credit score to determine the […]
Understanding Your Credit Score & How Credit Scoring Works
Your credit scores are compiled by the 3 major credit reporting agencies: Experian, Equifax and Trans Union. These credit reporting agencies act as databases storing information on every aspect of your life. Your employers, landlords and creditors use these databases to help them make decisions regarding you as an employee, renter or creditor. Yes, a […]
Five ways to a healthy credit score
Having a good credit score is important for many reasons. Not only do financial institutions check credit scores when people apply for mortgages, but potential employers and landlords often choose to obtain credit records as well. Good credit scores can help new homeowners obtain better interest rates than those with marginal credit scores. In fact, […]
How Much Available Credit Should You Have?
The importance of the credit score has drastically increased in recent years. Not only is it important for getting the best interest rate on a mortgage or ensuring a zero percent APR on a credit card but it is also a tool employers are using for hiring purposes. This makes maintaining a high credit score […]
How to Deal with Debt Collectors
When you experience a money shortfall, the stress and anxiety you feel can be overwhelming. Worrying about how to make the payments on time or having enough to pay what you owe only adds to it. Factor in the additional stress of calls from debt collectors and it is very easy to feel helpless about […]
Does Debt Consolidation Work?
When interest rates are low, debt consolidation can be an attractive option to really grab the bull by the horns when attacking your debt. Whether or not it really works will depend not only on decisions made during consolidation, but also on what you do afterward. What is Debt Consolidation? A debt consolidation program or […]
Experian Advanced Risk Score 2.0
It’s important for consumers to understand that there are many types of scoring products and methods to calculate an individual’s credit risk. The Classic FICO is the most commonly referred to and is used by the three credit bureaus, each with a unique algorithm. Equifax uses the Beacon Score while TransUnion uses the Empirica Score. […]
How to Negotiate with a Credit Card Company
Especially these days, it is common to find yourself falling behind on making your credit card payments. For some consumers, it is because they have lost their jobs and do not have enough income to make normal living expenses, not to mention keeping up with the rest of the bills. For others, it’s simply that […]
VantageScore 2.0: New Credit Score
As if there wasn’t already enough to worry about when it comes to your credit score, a new credit score has been created. The three primary credit reporting agencies—TransUnion, Experian and Equifax–came together to create VantageScore 2.0. As a consumer, you should be aware of the new credit score and how it may affect your […]
Is Consumer Credit Making a Comeback?
In an economic situation where consumers are still picking up the pieces, and where loans and credit accounts were near impossible to get, consumers were stashing money rather than spending it. A recent report by the Federal Reserve, however, reveals that consumer sentiment about the economy may be changing. Creditors and lenders are also having […]