Bankruptcy Recovery: Practical Tips To Rebuild Your Credit Score

Rebuilding your credit score after filing for bankruptcy can be a challenging yet essential task. Bankruptcy significantly impacts your credit, but with the right strategies, you can start to rebuild your financial standing. Here’s a guide on how to improve your credit score post-bankruptcy: 1. Check Your Credit Report: The first step is to obtain …

What Is Inflation And How Does It Impact My Credit?

Inflation is a macroeconomic phenomenon characterized by the general increase in prices of goods and services in an economy over a period. While inflation itself does not directly influence an individual’s credit score, its indirect effects can be significant. Understanding how inflation impacts personal finances, particularly credit health, is essential for maintaining a healthy financial …

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. …