If you are working on boosting your credit score, you’ve undoubtedly heard the term “credit utilization”. But what is it, why is it so important, and how should you use it? Let’s take a look. What is a Credit Utilization Ratio? Credit utilization is expressed as a percentage – or ratio – of the amount […]
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 have bad credit, you probably already know it because: When you apply for credit cards you usually get denied. No landlord will accept your application. You get turned down for jobs as soon as the boss reviews your credit score. Debt collectors won’t stop bothering you. Even the utility company won’t open an […]
If you’ve ever seen a credit report, you’d have to agree it looks formidable. It’s a document that runs for pages and pages full of numbers and dates going back decades. And it lists every financial relationship you have ever had and records every little mistake and oversight you ever made. On the face of […]
Your credit score tells the world a lot about you. It tells creditors if it’s worth it or not to lend you money and at what rate. And like it or not, employers use your score and based on that number alone often decide if you are trustworthy, responsible and ethical or not. And this […]
When you enter the wonderful world of credit repair, you have to contend with jargon, lots of numbers and other mumbo jumbo. While this can be intimidating at first glance, it’s actually not that complicated. Just the same, it is important to understand the main components of credit reporting and repair. By doing so, you […]
It’s not difficult to obtain your credit report. But once you get it, how are you supposed to understand it? There are so many numbers, acronyms, vernacular and jargon – it’s intimidating to say the least. The good news is, while it looks confusing, your credit report is actually far easier to read than you […]