Achieving a higher credit score can be tricky, especially when you owe money to creditors and collection agencies. Your gut instinct might be to pay off as much as you can to clear away the bad debt, but that’s not always the case. Different types of debts should be handled in different ways, because they … Continue reading Paying Off Collections to Improve Your Credit Score
No matter what type of credit history you have, it’s always possible to raise your score. After all, at some point, there’s nowhere to go but up. That doesn’t mean, however, that you can magically improve your credit score overnight. Depending on what kind of items you have on your credit report, it can take … Continue reading How Long Does it Take to Rebuild Your Credit?
After your house, your car is probably your most expensive possession. Whether you buy new or used, one thing is for sure: the purchase can put a big strain on your wallet. Not only is the price of a car daunting, it’s value is not reassuring either. As soon as you drive a new car … Continue reading How to Repair Your Credit After a Car Repossession
Bad credit is an ever increasing problem throughout the U.S. Whether it’s from excessive debt or missed payments, the financial burden of a low credit score eventually catches up when it’s time to apply for a loan, credit card, or even a new apartment. Arm yourself with information on what exactly your FICO credit score … Continue reading Everything You Need to Know About Your FICO Credit Score
In an ideal world, you have no idea what a judgment is and don’t need to worry about it affecting your credit. Unfortunately, lawsuits have become increasingly common in our society, and with them, judgments. If you’ve had a creditor or debt collection agency file and win a lawsuit against you, then you’ve likely received … Continue reading How Does a Judgment Affect Your Credit Score?
Attempting to build your credit from scratch can often feel like an impossible catch-22: you need credit to get credit, but you can’t get credit without credit! Sound confusing? It doesn’t have to be. Using a secured credit card can help build your credit no matter what your financial history may be, whether you’ve never … Continue reading How to Use a Secured Credit Card to Build Credit
You’re getting ready to apply for a mortgage or maybe your car broke down and you need a new one. Whatever the reason, sometimes you need to improve your credit score — and fast. And while you typically hear that it takes time, patience, and a lot of frugality to get that number up, there … Continue reading How to Increase Your Credit Score Fast
People who like to warn others about credit repair scams are quick to point out that you don’t need a credit repair specialist because you can “do it yourself” when it comes to credit repair. And while this is true on some level, for many consumers the task of wading through their credit reports, filing … Continue reading When to Call a Credit Repair Specialist
A credit inquiry occurs when you apply for a loan or credit card and authorize the creditor to access your credit report. They do this in order to verify that you can be approved for the loan or card as well as to provide a personalized interest rate offer based on your credit. Once an … Continue reading How to Remove Credit Inquiries from Your Credit Report
Articles warning users about repairing bad credit are all over the web. These articles typically focus on credit repair scams and illegal credit repair techniques that can cost consumers money and get them into trouble with the law. What they don’t focus on is the very real fact that repairing bad credit is perfectly legal … Continue reading Repairing Bad Credit: Is it Legal?