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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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. …
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A divorce can stress out the couple that is involved in it. There are various items to think about, including how your family will react, what social life will be like, and how you’ll manage without a second income. But many individuals never really think about their credit. But it is something that you …
If you have recently experienced rejection with a credit application you may also be facing a poor credit score. There are several reasons for having a poor credit score such as delay in credit card payments, having some outstanding judgment against yourself, or being a victim of fraud or identity theft. For any reason, if …
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In the United States, a good credit score can be just as important as your social security number or money in your bank account. Your credit score is not just a number, it is an important factor of your financial health. In this article, we will discuss what is a good credit score, and some …
It is important to have good credit. It opens up avenues for lesser interests and it affects future loan approvals for larger purchases. Therefore, although having a bigger credit limit is better, here is what you must know for building your credit in the right manner. Two factors decide if a rise in credit limit …
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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 …
There is no need for the late payments to be a part of your credit report forever. It is possible to get rid of the late payment records from your credit report. The entries of late payments on the credit report are not good for your credit health. These entries indicate lower financial integrity and …
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