Having good credit is like being healthy, you don’t ever think about it until you lose it. And if you’ve lost it, then there are a lot of different ways it can negatively affect you. You may have had it in the past, or even right now, but chances are something will happen that will send you into the credit dumps. Perhaps it won’t even be your fault, and if you find yourself with bad credit, there are multiple things that could be affected in your life. Let’s take a look at six of them here. Mortgage: Most of us…
It's a boon and a detriment to our modern society that things change in an instant. With a lot of financial matters, including the volatile markets of quick-changing stocks and see-sawing mortgage rates, it's imperative to strike while the iron is hot. Though with the financial market's breakneck pace, it's ever so much more important to be able to take advantage of a deal when it becomes available, that house that you want may go off the market in under an hour, or that car you want to finance but don't have quite the right score to qualify for your…
Remember when you were young and your dad would put you on his shoulders and run you around the yard? If that never happened to you, just imagine it for a moment. You’re tiny and someone big put you up high and showed you life from the top. So many possibilities from such a perspective. WHAT IS THE TYPICAL COST TO PURCHASE A TRADELINE? As adults, for us to have a proper playground where we play with the big toys, our credit scores determine the playground, determine the toys, but sometimes we have some bad luck and our scores take…
If you’re reading this, you probably know where you’re sitting credit wise. If not and you’ve stumbled onto this website through random chance, you’ve come to the right place, just trust that the universe has found you here for a good reason. If you don’t know your credit score, check out credit karma. If you haven’t seen you reports since your last two New Year’s Resolutions expired, check out AnnualCreditReport.com I NEED TO BUY A TRADELINE, BUT I’M NOT SURE WHAT TO DO WITH IT Today's questions are, what credit score do I need to get a great credit card,…
What does my credit look like after Bankruptcy? How would I start re-establishing my credit after the discharge? Let’s face it, sometimes you just run into something out of your control, huge medical bills, a freak storm that destroys your home when you lack flood insurance, losing your job, divorce...and when these things occur, the only option, it seems, is to declare bankruptcy. But this doesn’t mean that your life is over. The truth is more than sixty thousand people file for bankruptcy every month. So if you find yourself in this situation, don’t worry, you are not alone. And…
It’s probably fairly common knowledge that if you wish to acquire the finer things in life, i.e. a nice car, or a decent mortgage, you need to have a good credit score. But I don’t know how many people I’ve talked to in the banking industry who claim to meet people in their mid-to-late twenties and even beyond who just have no concept of how important credit is in this world. One of the biggest factors in a credit score is the history itself, so what age should you be looking to start? I NEED TO BUY A TRADELINE, BUT…
In a lot of ways, a person’s first credit card is a lot like a first weapon. If you don’t know how to handle it, the blade, or in the case of the card, debt, can slice you deep if you don’t know how to handle it. But before you even worry about that, the big question is: “How do I even get my first credit card?”The first card is like that job you want but can’t get because you have no experience. Asking bankers at multiple institutions, a major reason that their youngest applicants don’t get approved is “lack…
It’s easy when you’re young to just not worry about credit. It’s some made up number created by ghostly corporations that have little to do with you. You shouldn't ever really feel like you have to grow up, but creating and maintaining an excellent credit score is definitely one of the “grown-up” things that should be taken seriously. Why you may ask? Because if you ever want to accomplish that most kingly of tasks, owning your own home, then your credit gets relevant in a hurry. There are two big questions regarding mortgages: 1: What credit score do I need to qualify for a…
Navigating what makes a great credit score can sometimes feel like being on the ocean during a storm. There’s a lot of people willing to give you advice and not a lot of solid information to draw from. The companies that produce the FICO score are very secretive about how exactly they calculate your scores, but they are upfront about certain things, one of them being credit utilization, or more accurately, debt-to-credit utilization. I NEED TO BUY A TRADELINE, BUT I’M NOT SURE WHAT TO DO WITH IT It is widely known that there are three types of credit: mortgage,…
Financial times have been hard. Record numbers of people have had credit problems including bankruptcy. Most people have issues trying to rebuild credit after having financial issues. The number one question people have when trying to recover from bad financial issues is how to improve credit rating scores. There are a number of simple steps that people can take to improve credit scores, without hiring outside agencies. There are five simple steps to help improve credit rating scores. I NEED TO BUY A TRADELINE, BUT I’M NOT SURE WHAT TO DO WITH IT Get Caught Up with Consolidations People often…