Does a lender only focus on credit scores when determining whether to extend credit or not? This is a question I am asked frequently. Lenders usually consider a lot of information when making their decision, and people are unsure what they might typically look at....
I knew little to nothing about the importance of good credit when I was in college. Of course, I understood the need to pay my bills on time, but there were so many credit myths I simply accepted as truth. As a result, I had to learn to separate myth from fiction the...
Good credit can literally open doors for you – like the doors to a new house or car. But bad credit can slam those same doors shut, lock them and throw away the key. Smart consumers protect their good credit by knowing when to use credit, when not to use it, and how...
1. Educate yourself. Credit isn’t the sort of thing you want to experiment with until you get it right – it’s a lot easier to kill your credit health than it is to fix it. You only get one chance to build your credit history from scratch, so before you begin,...
I think majority of us have been in a situation where our credit score or history has prevented us from getting something. If only we had the right information about credit, maybe we could avoid some of these unfortunate situations. Lets take a look at a few tips that...
Pay attention. You are about to become 37% more awesome. 1. This is the only rate you qualify for If you are going for a FHA or conventional loan, there are a series of rates you qualify for. For FHA, as long as your credit score is above a 620, then the rates...
Credit cards can help get you out of a rough spot, but they can also put you in a rough spot. The difference between a credit card hurting you and helping you is you being educated about how credit cards really work. The purpose of a credit card is not for everyday...
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