As a panacea to bad credit score, credit repair was born. Credit repair can be done either by hiring credit repair companies or by using a DIY approach.When you find yourself in the situation of a bad credit score, it is normal to feel an unhealthy amount of pressure. This is often due to higher interest rates on loans and sometimes an inability to access loans.Credit repair is important because it goes a long way in helping you achieve most of your financial goals thereby assisting you ...
Like so many things in life, credit repairs can’t be fixed easily. A lot of people have fallen for scams in their search for a fast resolution of their poor credit scores. Regardless of how bad your credit score might be, it can be fixed. The catch is it requires conscientious effort and time. After all, it got to that deplorable state due to a gradual decline. Here we will take a look at the steps you should consider on the path to redeeming your credit report.◯ Examine the Tr...
Bad credit scores are just what it sounds like; bad!It is not a desirable thing to have your unpaid bills pile up as it will subsequently take its toll on your happiness and hence the quality of your life.Your FICO score or credit score follows you like a shadow throughout your life. Whatever you do that involves paying bills with your credit card or getting loans reflects on your credit score either positively or negatively.Borrowing money to settle most outstanding bills often incu...
The benefits of having an impressive credit score are numerous. It eases a lot of financial pressure and ensures a happier life and easier access to financial aids.Individuals with good credit scores enjoy low interest rates on obtained loans and credit cards as well as save funds on insurance and securities on new utilities and mobile phone services.Keeping or sustaining an impressive credit score depends on how well you manage your finances.Below are a few tips that will help you m...
Despite the noticeable improvement in the economy and the continuous decrease in the unemployment rate in the U.S., many individuals still face economic and financial challenges.According to some reports that emanated from the U.S. courts in 2016, there were over a million cases of chapter 7 and chapter 13 bankruptcy filings.Financial difficulty isn't limited to your finances alone. It affects everything about you including your long-term credit health. This can have a negating effect on...
Having a bad credit score can be a lot messy. The pressure of the debt you may have fallen into can rob you of a good night’s sleep and daytime peace.
Having a bad credit score can mean a higher interest rate on your credit cards and loans. Also, with a bad credit score, creditors or lenders may see you a...
You might have come across different adverts claiming to improve your credit score for a fee of course! While their claims might be considered bogus, you can redeem your credit report, but it doesn’t come easy. In this article, we will take a detailed look at ways you can salvage your credit score.Some Vital Information about Credit Report Before we go into how you can make your credit score better, there are certain things y...
Although most American adults don’t give it a second thought, but your individual credit influences a number of factors that affect your day to day life.
A credit score, which is commonly referred to as a FICO score, is traditionally associated with one’s ability to secure a new car loan or a mortgage. However, did you know that your credit score has a direct impact on your ability to secure a rental property or employment? Prospective landlords and employers...
If you want to significantly improve your credit score, be prepared to be in it for the long haul. There are a number of factors that contribute to the health of your credit score, like the age of your accounts and your payment history, which require time to become established. If you have a subprime credit score or no credit at all, the most foolproof method of credit improvement will be to create a long term plan for creating and maintaining smart credit habits.
From television commercials to Internet ads, it seems as though interest rates are advertised everywhere. It also seems as though these attractive interest rates are designated only for those with high credit ratings. A lender will almost never advertise their riskier borrower or average interest rate. No, the best rates are always reserved for those with the best credit scores.
However, if you’re like the average American adult, your credit score has t...