Archive for the ‘Credit’ Category

We all know that so many things rely on our credit score, and without good credit, it can be difficult to get approved for loans and credit cards. But borrowing money isn’t the only thing that is dependent upon good credit. Many consumers are surprised to learn that their credit score can affect the following […]

It’s impossible to find a credit card that doesn’t charge some sort of fee—even if those fees are finance charges. At best, you may be able to take advantage of a zero percent APR offer, but these are usually just introductory offers. But if you’re not careful, you could be signing up for a credit […]

If you’re trying to reestablish credit after a bankruptcy, foreclosure, or several years of bad credit, you may have heard that one of the best ways to improve your credit score is through responsible credit card use. But because many people ended up with debt troubles because of credit card use to begin with, they […]

Paying your credit card bills every month without hesitation is certainly a good habit to get into, and even better if you’ve set up your payments on an automatic debit, which can ensure your payments are always made on time. However, it’s also important to carefully look at your credit card bill on a routine […]

Certain decisions can quickly turn your credit upside down, and many consumers may not realize what happened until it’s too late. Some common credit mistakes that are made often include:  Only making minimum payments One common misconception when it comes to credit is that making timely, minimum payments is all it takes to maintain good […]

Certain decisions can quickly turn your credit upside down, and many consumers may not realize what happened until it’s too late. Some common credit mistakes that are made often include: Applying for too much credit Applying for too much credit can cost you in a couple different ways. The more credit card accounts and loans […]

Lenders look at a lot of things when they’re making a decision about a credit application. In addition to your credit history and payment habits, some lenders also follow a specific model that is known as the five C’s of credit. Although it may vary by lender and the type of loan or credit you’re […]

  Past due accounts and maxed out credit cards are never good for a consumer’s credit report, but some negative marks are much worse than others. The following are some of the worst items that can appear on someone’s credit report, and which can have the greatest negative impact on their credit score: Tax liens […]

If you’re like the millions of other consumers in credit card debt, you may feel overwhelmed every time that monthly credit card bill arrives in the mail. And if you have multiple credit cards, it can be difficult sometimes to meet those payment deadlines, especially if you’re strapped for cash. Missing payments can have serious […]

Many different credit decisions, accounts, payment histories, and other items will show up on a consumer’s credit report and influence their credit score. However, there are also a lot of financial details that don’t have any effect on credit and won’t show up on a credit report. Some of these include: Timely utility bills Although […]