Your FICO score is a 3-digit number that you receive based on your credit report. The number helps the lenders in deciding the possibility of you returning a loan. It also affects the amount you can borrow, the number of months you get for repayment, and how much this loan is going to cost in …
Have you heard about the snowball method of debt repayment? This system requires you to first place as much income as possible towards paying off your smallest debt. You’ll continue to make minimum payments on other debts. Once you’ve paid off one debt, you start working on your next smallest debt until everything is paid …
Continue reading “How To Use Secured Credit Cards To Repair Your Credit”
When you stop the payments on your credit card, you can pretty much expect a poor credit score, charging of late fees, and increased interest. If you are facing some unexpected circumstances such as heavy medical bills or unemployment and you are faced with more debt than you are capable of repaying, it will be …
Continue reading “Implications Of Stopping Your Credit Card Payments”
In the United States, credit is one of the most important factors when it comes to your personal finances. Did you know that your credit score can even impact your ability to rent a home or condo? Credit scores can range from a low of 350 all the way to a high of 850. In …
Debt consolidation is also termed credit consolidation and it is a method for merging several debts into one lower-interest debt. This is many times done when you have incurred several high-interest debts such as credit card bills and personal loans. Debt consolidation will lower the monthly payments partially by raising the time for repayment. It …
Not every country has a credit score rating for its citizens, but the United States does. In the United States, having a good credit score can be just as important as having cash in the bank. Your credit score is one of the most important factors when it comes to getting loans, rental agreement leases, …
Continue reading “What Are Factors That Can Hurt My Credit Score?”
Sometimes you may have made huge purchases such as vehicles and homes and realized the importance of credit score in the lending decision. This is also significant during an opening of a credit card account. Any time when you apply for some kind of credit your credit score and other info contained within the credit …
In case your life happened to be a fairy tale all marriages would have lasted for a long time. All couples would have spent their lives sharing love and co-existing on all matters including those related to finance. However, the reality is not always such and it is not kind many times with many marriages …
Continue reading “Credit Score And Financial Recovery After Divorce”
One of the more significant things you need to comprehend while undertaking your credit repair is that it doesn’t matter how daunting it may appear, it is possible. It is also a lot more straightforward than you would have envisaged. There are a few credit repair hacks you need to be aware of that will …
Continue reading “Credit Repair Hacks For Improving Your Credit Score”
Having the best credit score can be highly beneficial at times. It could be for refinancing your mortgage, getting approval for your new credit card, etc. There are several other reasons why having a good credit score is important for you. Improving credit score can take time but if you are looking for ways that …
