Are you considering a credit builder card to improve your credit score or kickstart your credit journey? Understanding the nuances of these financial tools is crucial before diving in. Credit builder credit cards offer a pathway for individuals with limited or damaged credit histories to strengthen their financial standing. However, like any financial product, they…
How Do GOOD Credit Repair Companies Increase Your Credit Score….They Add TRADELINES! Many people go to credit repair companies and the majority of them only address 1 part of the bad credit problem. The negative tradelines. If the tradelines are negative, AND you were unable to negotiate with the original creditor for a…
If you have a charge off dragging down your credit scores, you’re probably wondering how to remove charge offs from credit report entries that feel permanent. The good news is they’re not. Whether the charge off contains inaccurate information, was reported in error, or is legitimate but negotiable — you have consumer rights that give…
You can overcome bad credit. If you have made mistakes in the past, it is possible for you to get back on the right track. By practicing good credit habits, you WILL be able to someday buy that car or home of your dreams. There are many things you can do to build your credit…
There are many reasons why EVERYBODY should have credit monitoring for all 3 of their credit reports. Credit reports are published by three major credit reporting agencies: TransUnion, Equifax, and Experian. Different states have different requirements for accessing your credit report without your consent; some allow any person to view your credit report while others…
Managing your spending and debt load is the first line of defense to avoid bad credit. Debt management is not be so complicated as long as you know the right strategies. A recent study done by the FTC found that more than one third of Americans have debt in collections. With this being said, it…
Building credit can be a little tricky. You need to know where to obtain credit based on your current credit score and the right ratio of types of credit to successfully build or rebuild credit. (Read how to build tradelines for more information) There are many factors that are taken into consideration when computing your FICO…
Did you know that an estimated 1 in 3 Americans has credit problems? If you have bad credit, you can repair it. It’s a long and difficult process, but one that is absolutely possible with a little work and a lot of patience. Credit repair is about more than just one’s personal finances, it can…
2020/2021 has been hard on many people. And their credit has unfortunately suffered once all the mandates in place to protect slow payments were lifted. Now many consumers who have never had any credit problems must now navigate the world of subprime lending and look for ways to rebuild their credit. Three Tools Used To…
Why NO credit is worse than BAD credit A few weeks ago I got a call from a man in his late 30s who was very upset that the bank he has had his checking and savings accounts with, turned him down when he applied for an equipment lease thru them. He felt insulted when…