Credit influences everything from your interest rate on loans to your insurance payments – and even the kind of job you can get. If you’d like to start your future off right, here are some ways to build your credit while you’re still attending college.
As you manage your credit, it’s important to understand the difference between installment accounts and revolving accounts. Not only can this be helpful knowledge as you manage your credit, but it can also be useful for your finances. In this post, we address the difference between installment and revolving accounts. Read on to find out more.
As Freddie Mac notes, credit repair is not an overnight fix — it’s something that takes months, even years to achieve. But with time and diligence, anyone can take their bleak financial situation and turn it around. Here are four strategies to help you bounce back.
Your credit history may be the most important record of financial information that you have to your name. But what about if you have no credit history? Don’t worry: if you’re starting from scratch and you don’t have any credit to your name, there are a few simple ways to start building your credit history!
One of the first items addressed during the home buying process is your credit. Your credit score is an essential number that can impact whether you’ll be able to qualify for a mortgage. If your credit score falls below, 620, you’ll want to utilize some tools and programs to raise your score. As your credit score rises, different programs will allow improved and lowered interest rates for you.
There was a lot of great information for first-time home buyers in our recent First-Time Home Buyer Q&A Google Hangout. One of my favorite discussions was about buying a home with bad or bruised credit. It’s a situation that’s all too familiar for many first-time home buyers for a variety of reasons.
It doesn’t matter if you’re massively in debt or you’ve plateaued and don’t know how to increase your credit score anymore; here are a few simple and effective ways to improve your credit score in 2014.
By comparison, making a purchase on your debit card seems like a boring, ineffective way to spend your money. But debit cards still have their place in the modern consumer’s wallet – and they can sometimes be a better alternative to paying with a credit card. Here’s a little refresher on the basic ways credit cards differ from debit cards.
ou hear a lot about the importance of your credit score, and that is one of the primary things lenders look at to determine if you qualify. One of things that can have a serious impact on your credit score is becoming a victim of identity theft. Realizing this negative impact, in 2003 a new law to combat identity theft was enacted: The Fair and Accurate Credit Transactions Act of 2003, more commonly known as FACTA.
Automatic bill pay is convenient, but it’s not for everyone. Here are some of the pros and cons of using automatic bill pay.