The time to repair your credit for buying a home is well before you even apply for a mortgage. This is especially true if your credit report reveals multiple credit problems. It’s not always possible to get credit issues fixed quickly, and if you have more than a few, the task is that much more […]
In this section, I’ve provided a broad array of resources to help you understand everything there is to know about credit reporting. I explain how to maximize your credit score and what to do if your number is lower than you’d like. As you’ll discover, there are a whole host of things you can do yourself to improve and fix your credit rating. I also talk about debt and bankruptcy and how you can avoid both.
If you’ve ever discovered there is erroneous credit information in your records, either by getting a letter from a creditor or, more commonly, in a line item on your credit report, then you know how disturbing it can be. A single credit blemish can have a major negative impact on your credit score. Your first […]
Most people recognize the importance of their credit score and its effect on their ability to borrow money. It affects not only your ability to get a loan, but also under what terms and at what rates of interest. But credit scores have an impact beyond credit. One of the biggest areas is in regard […]
Here are five tips and tricks that many people overlook when they try to improve their credit score. It may be difficult to do the heavy lifting – but you may not have to. These are relatively easy and painless and could give your score a significant boost.
We all know that bad credit hurts your credit profile and credit score. But how long does bad credit have that effect? It really depends on the type of credit where the derogatory information is being reported. But ultimately all bad credit information does eventually disappear from your credit report. Negative Credit Reporting is Limited […]
If you are considering subscribing to an online credit reporting service so that you will have access to your credit report, it may not be necessary. You can get your free credit report from the major credit bureaus without having to use a third-party service at all. You Have a Right to Your Credit Report […]
As a new college graduate you are setting up all kinds of patterns in your life. Some will be good, and others not so good. Which direction they take will depend on how you handle them. Credit is an excellent example. Many new college grads mess up their credit, either because they don’t fully understand […]
Once you put all the work into cleaning up your credit history you want to see your efforts pay off fast. That makes sense. The reality is the speed at which your credit improvements are reflected in your score can sometimes be manifest quickly and other times rather slowly. The same holds true with credit […]
You can dispute an error on your credit report. Though it’s a fairly difficult process, it is doable, but you have to be well organized and fully prepared to see it through to the end. Here’s what you need to do to dispute an error. Facing Credit Reality: You’re Guilty Until Proven Innocent If you […]
If you’ve ever had a bankruptcy, your one overpowering thought, almost as soon as you’ve filed, is “how soon can I get this off my credit report?” That’s because a bankruptcy turns your entire world upside down – and not just your finances. Obviously since employers, landlords, insurance companies, creditors and potential business partners review […]