Credit

For any substantial loan or financing plan, a lender typically pulls a person’s credit score before reviewing the application. This is because lenders have an obligation to themselves and to the public to make unbiased decisions about who they do and do not trust their...

The health of a person’s credit score rests on many factors. While payment history accounts for a great deal of the report, there is one other important area people often neglect. Fully understanding this other category is essential in maintaining good credit and preventing errors/inaccuracies....

When it comes to building healthy credit, there are infinite hurdles to jump over. Late payments and collections are only two of many negative items that may appear on a person’s credit report. Repairing injured credit takes a while, so try and remove as many...

By now, it should be apparent that credit severely influences one’s ability to procure an auto loan. For this reason, as mentioned in our last post, checking your report is always step one before entering the market. If you have not done so already, visit...

Carrying bad credit can cause headaches for many reasons. Besides the financial complications, bad credit often extends to other areas of a person’s life. These consequences may go unnoticed for quite some time, which is why it's important to recognize hazardous areas early to avoid...

Retrieving your credit report is fairly painless, but making sense of it afterward is a different story. Although your score provides you with a type of summary, you should still skim through the details, pinpointing weak areas for later improvement. To do so, however, you...

People often think of credit and debt as a package deal, but this is not always the case. For instance, credit card charges paid within their 30-day cycle do not incur interest fees; you merely repay each purchase with funds available elsewhere. Larger loans, however,...

When applying for a mortgage, auto loan, or any other form of credit, you are required to provide various documents and details pertaining to your identity and financial situation. If a lender receives a fraud alert during the processing of this information, complications arise. This...

Here’s one of the most common questions banks and creditors receive: “Is it bad to not use a credit card?” Many people assume that once they obtain a credit card, it is their obligation to use it frequently. While some banks may penalize inactive accounts...