The Differences Between A FICO And Non-FICO Credit Score

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. …

Simple Ways To Quickly Improve Your Credit Score

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 …

Can I Remove Closed Accounts From My Credit Report?

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. …

Can Credit Limit Increase Affect Your Credit Score?

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 …

How To Use Secured Credit Cards To Repair Your Credit

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 …