How To Protect Your Credit Score When You Have An Irregular Income It can be tough to protect your credit score when you have an irregular income. Your payment history is one of the biggest factors in your credit score, so if you’re not bringing in a consistent paycheck, it can be difficult to keep …
How to Protect Your Credit Score When You Have an Irregular Income Read More »
Using A Secured Credit Card To Build Credit If you’re looking to build your credit, using a secured credit card can be a great option. With a secured credit card, you’ll make a deposit that acts as your line of credit. This means that if you default on your payments, the issuer can simply keep …
3 Old School Investment Strategies That Are Still Great for the Present Day It’s no secret that investing can be a great way to grow your wealth over time. But with so many different investment strategies out there, it can be tough to know which ones are worth your time and money. If you’re looking …
3 Old School Investment Strategies That Are Still Great for the Present Day Read More »
How to Break Free From Debt and Get Ahead With Your Tax Refund When it comes to debts, most people believe that they are too deep to ever break free. This is especially true when it comes to tax debts. The good news is that it is possible to break free from debt and get …
How to Break Free From Debt and Get Ahead With Your Tax Refund Read More »
Who Can Access Your Credit Report? While the federal Fair Credit Reporting Act governs who can access your credit report, some states have laws. For example, the Illinois Employee Privacy Act prohibits employers from using a consumer’s credit history to make hiring decisions. This law doesn’t apply to debt collectors, state or local governments, or …
Financially Ready for 2022? Get Your Credit Ready Too! Do you want to be financially ready for 2022? If so, you need to improve your credit score. Your credit score results from years of good financial habits and not spending more than you can afford. While your score will never be perfect, there are some …
How to Build Piggybacking Credit Adding an authorized user to a credit card can be a constructive way to build your credit score. When you add an authorized user, you are taking full responsibility for the spending habits of the authorized user. It can be an excellent way to limit the risks associated with the …
How Does Business Credit Affect Personal Credit? If you’ve ever applied for a business credit card, you may have noticed that you’re getting a hard inquiry on your credit report. It is because lenders use your personal credit history to determine whether or not you’ll repay any loans you make. In other words, the higher …
Credit Reports – Their Purpose and Profit The purpose of credit bureaus is to help lenders decide whether to extend a loan to an applicant. They collect and synthesize information about borrowers and sell that information to other companies. The information is not used by the lending institutions but is sold to individuals. The credit …
Your credit score is a vital consideration when looking for mortgage pre-approval. The higher your FICO number, the better chance you have at getting approved and purchasing that dream home! A low Credit Score does not mean you won’t be able to get a loan, but it makes funding more difficult. Here’s why: Once you’ve …
How Should I Prep My Credit For Purchasing a Home? Read More »
© Copyright 2023 YMA Financial