CREDIT! The magic word with the magic touch! The subject of credit and the impact credit has on the lives of numerous people around the world is a fascinating tale to tell. From business needs, to personal finances, paying for that mortgage or renting that accessory, credit is a vital cog in the ever-spinning wheel of finance. But what exactly are the nuances of credit? How do credit scores and credit reports affect my finance? Do I have good credit,...
Category: Credit Tips
4 Steps to Creating Good Credit
As a consumer you’ve learned the importance of establishing a good credit rating with your lenders. Whether you are shopping for a new home or auto, or searching for the best deals on insurance, your creditworthiness will be judged by your credit rating or credit score. A bad credit history or bad credit habits will place “black marks” on your credit profile. These include things such as late payments, having an account assigned to a collection agency, and of course...
How to Raise Your Credit Score: 5 Tips That Can Help
Credit means everything in today’s world. It affects a person’s ability to buy a car, a home and even insurance rates. With so much emphasis placed on good credit, it is imperative a person knows how to raise your credit score. With a good credit score, which is typically defined as a score above at least 650, moderate interest rates on credit cards and loans are offered. This can save a great deal of money in the long run. These...
5 Things a Consumer Better Know About Bad Credit Car Loans
A car is often viewed as a necessity for most people. Reliable transportation is necessary in order to maintain a decent job. Without a job, it is nearly impossible to pay bills and establish credit. Unfortunately, for people with bad credit, it can sometimes be difficult to obtain a loan to buy a car at an affordable rate. However, there are bad credit car loans available for those who need them. Before seeking out a loan, Mark has 5 tips...