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5 Things You Can Do to Negatively Affect Your Credit
Your credit performance is one of the most essential factors in your financial life. It enables the bank to decide on whether to give you a loan or a credit card. We might not think about our credit ratings as often as we should, especially when we are out there making impulse purchases with credit…
Three Credit Mistakes to Avoid
When dealing with an unfamiliar situation, it’s easy for us to quickly make assumptions despite not having all the facts. But this is a particularly dangerous mistake to make when dealing with your credit. Your credit affects everything in your life, from your car insurance premium to the interest rate on your mortgage. It can…
5 Credit Tips Follow When Going Through A Divorce
When going through a divorce, things can get messy when it comes to splitting up debt, credit and financial obligations. Even if a judge has assigned each person specific responsibilities, it’s possible one person will not uphold his or her end of the deal. The cold hard truth is that creditors don’t care what your…
The Benefits of Credit Monitoring
Traditionally, people think of credit monitoring as something you use when you need to repair your credit. That’s not necessarily the case. If you’re looking to maintain your great credit score, a credit monitoring service can be equally beneficial to you. Image showing ScoreA credit monitoring service provides your credit reports from the three major…
How to Make a Deal with Your Creditor
If you find that you’re constantly behind on your credit card or loan payments even though you’re doing everything in your power to pay them, it may be a good idea to negotiate with one or more of your creditors. It’s not an easy task, and can be daunting, but these tips will increase your…
Do You Know What Your Business Is?
MOST PEOPLE ARE FAMILIAR WITH PERSONAL CREDIT SCORES, WHICH RANGE FROM 300 TO 850 WITH A HIGHER SCORE INDICATING A STRONGER BORROWER. BUSINESS CREDIT, ON THE OTHER HAND, IS A SIMILAR BUT SEPARATE SYSTEM DESIGNED SPECIFICALLY FOR BUSINESS BORROWERS. BUSINESS CREDIT SCORES RANGE FROM 1 TO 100, AND MAJOR BUSINESS CREDIT REPORTING AGENCY DUN &…
How to Manage Your Debt to Credit Ratio
Your debt-to-credit ratio is the amount of debt you have incurred versus the credit limit the credit card company has given you. For example, if you have a credit limit of $2,000 and you have a balance of $500, your debt-to-credit ratio is 25%. Your debt ratio makes up about a third of your FICO…
Student Loan Debt: An Alternate Perspective
For the past few years, financial experts far and wide have been warning that student loans will bring about the next financial crisis. With high balances and high default rates, it’s a widely held perception that America’s ballooning student loan debt will soon lead to a real-estate-bubble-esque collapse. But Torsten Slok, chief international economist for…
Sitting: Our Generation’s Epidemic
Today’s men and women spend more time sitting down than any generation before. Think about it: whether at work, in a meeting, getting together with friends or relaxing after work, the vast majority of the day for the average American is spent, well, on our butts. The average American now sits for an average of…
3 Steps to Raise your Credit Score Before Getting a Mortgage
The biggest and most important loan most of us will ever apply for is a mortgage, or home loan. It’s the toughest to get approved for, and the interest rate you qualify for can literally make a difference of thousands of dollars per year in payments. If you’re thinking of applying for a mortgage in…