You’ve probably heard a lot about credit scores. But did you know that not all of these scores are FICO scores? There has been a misconception that the two are interchangeable, but in reality, they are not. Quite a few creditors utilize FICO Scores to create a quicker, more honest, and more correct borrowing determination. …
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There are times when all of us wish we could save money for a trip, a home renovation, or just to restore our credit. With these money-saving tips, you can be certain it will not be as hard as you think it may be. One of the first things you should establish when you want …
Credit repair services don’t have the best reputation. This is because scammers enjoy preying on your desire to quickly fix your credit score. While this has resulted in a lot of fraud in the industry, it doesn’t mean that these financial services aren’t legitimate. In fact, they’re protected by federal law, and there are many …
Your credit score is used in more ways than one could imagine. Thinking of purchasing a home? Your interest rate will depend upon what your score is. Would you like a credit card? If your credit is not good, you may have a high-interest rate, or you may not even qualify for a card. If …
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This upcoming year, it is predicted mortgage rates and prices of homes will lower. This is great news if you want to purchase a new home in 2023. But what about if you have a credit score that is not worthy enough for a home purchase? Consider these things you should do before you purchase …
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As a consumer, you need to be vigilant about protecting your credit and financial reputation. One of the best ways of doing this is to understand some of the basics of credit repair (e.g., monitoring, reporting, disputing errors). It would help if you also were careful that you don’t undermine your consumer rights when dealing …
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By improving your credit score, you’ll avail yourself of more financial benefits (e.g., more borrowing options, more affordable mortgage, and loans). Your life will also be easier since many institutions (e.g., landlords, employers, utility companies) check your credit. Knowing this, you may wonder how you can quickly boost yours. Fortunately, there are a few ways …
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While you can get out of debt, you can’t do it quickly. Unfortunately, this isn’t what you want to hear when you find yourself living paycheck to paycheck. Big debts (e.g., student loans, home mortgages) don’t help. In fact, they frequently make the situation worse. The best ways to get out of debt are to …
Defaulting on your personal or home loan EMIs can adversely affect your credit score, including steep late fees. Are you aware that past payments or payment history can affect your credit history up to the extent of 35%? Your payment, or repayment history, has the maximum impact on your credit score. Are you wondering how …
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Although it is commonly believed that the credit report lists all your accounts, their balances, and payment statuses, you might be surprised to find that even the closed accounts can linger on the credit report for several years. Surprisingly, the accounts closed in a proper standing will stay on the credit report for ten years. …
Continue reading “Can I Remove Closed Accounts From My Credit Report?”
