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 …
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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 …
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If you’re in debt and need to file for bankruptcy, what will happen with your credit score? We’ll discuss that next. As a general rule of thumb it can take years before getting back on track financially as well as repairing any damage done by an accident with files like Experian®, Equifax® or TransUnion® – …
Business credit cards are a great tool for business owners, but they can also affect your personal finances if not used properly. If you don’t have the money to pay off charges on time or if it’s difficult to get approved by other lenders because of how often and where you use this card then …
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A debt consolidation loan combines all of your existing loans into one loan with a low-interest rate and a low payment. Additionally, a debt consolidation loan has more benefits in that customers go from making many payments to several creditors a month to making one payment to one creditor monthly. This can importantly reduce stress …
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