What’s the Difference Between the Balance Transfer Fee and Rate?

A lot of people accumulate credit card debt for a number of reasons. For this reason, banks try to offer financial solutions to provide a breather for customers who want to settle their balances. This is where balance transfer cards enter, providing lower fees for transferring card debt to a new card. Some people associate … Read more

Settling Credit Debt – Know These Do’s and Don’t’s

If you are in debt, you may be constantly receiving calls from creditors and third-party collection agencies. You are no alone in this. According to the Financial Protection Bureau, roughly 28% of people with a credit history are in debt, and these debts have already been reported to a third-party collection agency. Around 9% already … Read more

Credit Tip of the Day – Don’t Close Old Credit Cards

A lot of us have an old credit card lying around in our wallets. Even though we do not use these cards anymore, we feel hesitant to close them. This might be attributed to the fear of damaging our credit score. This fear is completely justified as our credit score is affected significantly when we … Read more

Bank Accounts That Help Build Credit – Do They Exist?

Strong credit plays an integral part in your financial life. For obvious purposes like obtaining a credit card, car loan, or mortgage, most people think of good credit. But credit also plays a role in less obvious things, such as renting a car, apartment, or house. If you’re trying to build a credit score for … Read more

Improving Credit After Bankruptcy – Tips and Tricks

Bankruptcy is a complex legal process that can affect your reputation seriously and adversely. On the bright side, It won’t last forever, no matter how much damage is done to your credit. Bankruptcy remains on your credit report for seven to 10 years, but its effect diminishes as time goes by. Meanwhile, by taking some … Read more

Do Bills Build Credit? Learn More Here

Your credit score is determined from credit report data, so you want your reports to display a strong on-time payment history. But not every payment that you make will go to your credit reports. For example, gym memberships, health insurance premiums, cable bills, and others will not improve your credit even though you have been paying … Read more

How Does Experian Boost Really Work?

Are you getting frustrated that you always get denied credit card applications because you have a low credit score? Do you want to find different ways to improve your credit score? If that is the case, you should try out Experian Boost. Experian Boost is a free feature that allows you to connect different accounts … Read more

Can You Really Achieve the Highest Credit Score?

The highest credit value you can obtain is 850 using the FICO model. However, any score more than 740 is widely regarded as excellent and places items, like credit cards, mortgages, and car loans at the best interest rates. Even if you achieve the highest credit score, you won’t necessarily be able to keep it month … Read more

What’s the Difference Between the Equifax and FICO Scores? Learn More

Your credit score plays the most important role in determining whether your loan application will be accepted by the lender or not. If you already fulfill the eligibility criteria for a loan, then it is your credit score that can make or break your application. In this article, we will take a look at the … Read more

4 Main Things That Negatively Affect Your Credit Score

Your credit score is a vital cog in the wheel of financial stability. Not only does it define your creditworthiness, but it also plays an important role in making a deal with your next lender. While it is a well-known fact that defaulting on credit payments leads to a deterioration of your credit score, there … Read more

Things to Know About Debt Management Programs

Debt is a huge problem for many of us. The latest Federal Reserve Data puts the cumulative credit card debt in the US at $986 billion by the end of 2022. But credit cards aren’t the only debt Americans face every day, with mortgage debt now at $11.92 trillion, auto loan debt at $1.55 trillion, and student loan … Read more

Discover How to Raise Your Credit Score in 30 Days – Tips and Tricks

Your credit score determines what you can access so it’s pretty important to know how to raise your credit score in 30 days. Your score determines how you live today and how you will in the future. The lack of a good credit score will prevent you from accessing financial tools to make your life … Read more

5 Things That Determine Credit Score Calculation – Discover Them Today

Today, there’s little you can do without considering your credit score first. While a solid credit score is required for things like mortgages and credit cards, you also need to have good credit to be able to rent an apartment or to finance a car. You know how important your credit score is, but do … Read more

Learn These Factors That Will Tell You If Your Credit Score Is Irreparable

Have you ever messed up your credit score to such an extent that it seemed hopeless to even try to rebuild it again? How did you even get there? You may think that your credit score is absolutely irreparable, but there are ways you can determine if your credit score is salvageable or completely corrupted … Read more