Credit Score

Debt Consolidation Affects Credit Score

Understanding How Debt Consolidation Affects Credit Score

Updated: September 11, 2020 It’s common knowledge that eliminating debt usually results in an improvement of both your credit score and financial situation. To eradicate it, we use what resources we have available. If you possess a significant amount of debt, you may be considering debt consolidation. After all, it sounds like a sensible way Read more

Remove Negative Items from Credit Report

Remove Negative Items From Credit Report Wisely

Updated: September 9, 2020 Negative information is never good. On your credit report, it’s even worse. Lenders see it as a legitimate reason to give you a credit card or loan with a higher interest rate. As a result, you’ll end up paying more for using their credit. When you remove negative items from credit Read more

Check Credit Score

Ways to Monitor Your Credit Score Effectively: a Guide

Updated: September 9, 2020 Let us introduce our friend Joe. Joe thinks that just because he has good credit habits today his credit is fine. He doesn’t monitor his credit score as often as he should. Unless he’s applying for a credit card or a loan, he thinks those three digits aren’t important. Unfortunately, when Read more

Reading a Credit Report

Finally Understand How to Read a Credit Report

Updated: September 3, 2020 Note!!! Due to the COVID-19 outbreak, Experian, TransUnion, and Equifax offer free weekly credit reports through April 20, 2021. Reading a credit report can be intimidating. It holds all of your reported credit history for the last seven to ten years. That’s a lot of information to process and it is Read more

Credit Utilization Rate

Understanding a Good Credit Utilization Ratio

Updated: July 30, 2020 When reading about credit and credit cards, you may see the term “credit utilization ratio.” If you don’t know what exactly a credit utilization ratio is, the whole discussion can go over your head. Worse, you may be missing out on an easy way to improve your credit score. What Is Read more

Pay off Debt

Know How to Pay off Debt to Improve Credit Score

Updated: July 13, 2020 One of the most significant factors of any financial situation is debt. Debt can be broken down into whether you have it; how much you have; and what kind you’re carrying. Each of these influences your credit score in different ways. Understanding how debt affects your credit score can guide your Read more

Remove Collections from Credit Report

4 Ways to Remove Collections from Credit Report

Updated: June 15, 2020 Debt collections are a result of having unpaid debts for several months. Your creditor will pass your account onto a debt collector and part of their job is to show this debt on your credit report, which won’t be doing your credit score any favors. There are a number of possible Read more