Feb
8
In this day and age it is vitally important to maintain a decent credit score, especially if you plan to make major purchases like a home or a car. If your credit score is 700 or above, your chances for being denied a loan are very slim; and while Triple A credit is a luxury people dream of, few actually achieve that goal due to poor financial choices. However, you can make the most of your score by understanding the credit rating system, and by maintaining awareness of your standing. Doing this before you begin to shop for a home or auto loan can save hundreds and thousands of dollars just on the interest rate. It could also mean the difference between being approved or denied.
What’s In A Credit Report?
Your credit report houses information that ranges from fairly personal information to your income and borrowing habits. It lists things that creditors will want to know before they decide to lend you money; things like
• How you pay your bills
• Your present and past employment history
• If you have been arrested or sued
• If you have filed for bankruptcy
• Your current residence, and past addresses depending on the time you have been at your current address
Nationwide consumer reporting companies sell information within your reports to employers, creditors, and insurers who utilize all information to evaluate your applications for credit, renting or buying a home, and obtaining insurance.
Obtaining Your Credit Reports Online
It is a requirement of The Fair Credit Reporting Act that the three main consumer reporting companies, Trans Union, Equifax, and Experian, provide consumers with free copies of their credit report once every 12 months (upon request). These companies are also charged with promoting privacy and accuracy of consumer reporting.
You can obtain a free copy of your credit report by either requesting it in writing directly from each of the three major credit bureaus, or by using the online request system they have created. AnnualCreditReport.com is a site that is sponsored by TransUnion, Equifax, and Experian to make it fast and easy for consumers to get reports online as they fulfill their legal requirements. You may order all three credit reports from each consumer reporting agency or you may choose to order only one report at a time; either way by law you are permitted to obtain one free copy of your report per year from each of the reporting agencies.
The only information needed to obtain your free credit report is your date of birth, name, address, and social security number. Each consumer reporting agency will ask for different verifiable information only you know because each of your files have been obtained from different sources.
It is recommended that you check all three and not assume all of them to be correct if the first is, since all companies get their information from different resources; you could have an error on one and not another.
Your FICO Score
FICO is an acronym for Fair Isaac Company which was the company that originally created the system used to condense credit history into one distinct number; major credit agencies, businesses, and bank lenders have adopted this system as a means of evaluation for creditworthiness.
Ultimately, one’s credit score is determined by major factors such as amount currently owed to lenders. The general break down of how your score is determined is as follows:
• Outstanding loans, credit cards, and mortgages, and the amount owed on each (as well as the type of debt-revolving, secured, etc.) makes up about 30% of your score.
• At least 35% of your FICO score is based on how successfully you’ve repaid past debts.
• 15% of your score is based upon how long you have been utilizing credit; a lengthy credit history is of major benefit to you. This is not based on age, either-you can be middle aged with no credit if you do not take loans or use credit accounts, or you can be young with a long history of borrowing and repayment.
• 10% of your credit score is based on the amount of inquiries listed-on how many entities you sought credit from and allowed access to your credit report. Lower numbers of inquiries are better as some lenders tend to view frequent applications of credit in a specific period of time to be negative, and from the standpoint of the credit reporting agencies numerous inquiries indicate that you need to shop many sources to obtain credit.
All of these factors determine the number that makes up your credit score. This one simple number is crucial in enabling you to obtain any type of credit. Scores of 657 to 700 are considered good, and with a score of 700 or above you’re likely to be deemed creditworthy by many lenders. If you maintain a score of 600 or below, most likely you will have to invest some time and effort in order to rebuild your credit before applying for any type of loan. In addition, the higher the score the lower the cost of lending will be to you-higher scores net lower interest rates because they are considered less risky, while lower scores show some past trouble and increased risk for the lender, so when credit is offered it will be at a higher rate that allows lenders to recoup more on their loan earlier on.
Understanding credit scores can be difficult, but highly beneficial. When you know more about how banks and lenders evaluate you, and how you can confirm your good rating, you understand where you fall on the lending spectrum, and what options you have for improving your present and future financial situation.
By: Julie-Ann Amos
What’s In A Credit Report?
Your credit report houses information that ranges from fairly personal information to your income and borrowing habits. It lists things that creditors will want to know before they decide to lend you money; things like
• How you pay your bills
• Your present and past employment history
• If you have been arrested or sued
• If you have filed for bankruptcy
• Your current residence, and past addresses depending on the time you have been at your current address
Nationwide consumer reporting companies sell information within your reports to employers, creditors, and insurers who utilize all information to evaluate your applications for credit, renting or buying a home, and obtaining insurance.
Obtaining Your Credit Reports Online
It is a requirement of The Fair Credit Reporting Act that the three main consumer reporting companies, Trans Union, Equifax, and Experian, provide consumers with free copies of their credit report once every 12 months (upon request). These companies are also charged with promoting privacy and accuracy of consumer reporting.
You can obtain a free copy of your credit report by either requesting it in writing directly from each of the three major credit bureaus, or by using the online request system they have created. AnnualCreditReport.com is a site that is sponsored by TransUnion, Equifax, and Experian to make it fast and easy for consumers to get reports online as they fulfill their legal requirements. You may order all three credit reports from each consumer reporting agency or you may choose to order only one report at a time; either way by law you are permitted to obtain one free copy of your report per year from each of the reporting agencies.
The only information needed to obtain your free credit report is your date of birth, name, address, and social security number. Each consumer reporting agency will ask for different verifiable information only you know because each of your files have been obtained from different sources.
It is recommended that you check all three and not assume all of them to be correct if the first is, since all companies get their information from different resources; you could have an error on one and not another.
Your FICO Score
FICO is an acronym for Fair Isaac Company which was the company that originally created the system used to condense credit history into one distinct number; major credit agencies, businesses, and bank lenders have adopted this system as a means of evaluation for creditworthiness.
Ultimately, one’s credit score is determined by major factors such as amount currently owed to lenders. The general break down of how your score is determined is as follows:
• Outstanding loans, credit cards, and mortgages, and the amount owed on each (as well as the type of debt-revolving, secured, etc.) makes up about 30% of your score.
• At least 35% of your FICO score is based on how successfully you’ve repaid past debts.
• 15% of your score is based upon how long you have been utilizing credit; a lengthy credit history is of major benefit to you. This is not based on age, either-you can be middle aged with no credit if you do not take loans or use credit accounts, or you can be young with a long history of borrowing and repayment.
• 10% of your credit score is based on the amount of inquiries listed-on how many entities you sought credit from and allowed access to your credit report. Lower numbers of inquiries are better as some lenders tend to view frequent applications of credit in a specific period of time to be negative, and from the standpoint of the credit reporting agencies numerous inquiries indicate that you need to shop many sources to obtain credit.
All of these factors determine the number that makes up your credit score. This one simple number is crucial in enabling you to obtain any type of credit. Scores of 657 to 700 are considered good, and with a score of 700 or above you’re likely to be deemed creditworthy by many lenders. If you maintain a score of 600 or below, most likely you will have to invest some time and effort in order to rebuild your credit before applying for any type of loan. In addition, the higher the score the lower the cost of lending will be to you-higher scores net lower interest rates because they are considered less risky, while lower scores show some past trouble and increased risk for the lender, so when credit is offered it will be at a higher rate that allows lenders to recoup more on their loan earlier on.
Understanding credit scores can be difficult, but highly beneficial. When you know more about how banks and lenders evaluate you, and how you can confirm your good rating, you understand where you fall on the lending spectrum, and what options you have for improving your present and future financial situation.
By: Julie-Ann Amos
Feb
8
Are 3 Credit Reports Any Different From Other Credit Reports?
Filed Under Credit Report | Leave a Comment
Checking your credit report is a very important thing for your financial status. For starters, it is important to note that the credit reporting services are numerous, and you need to be careful with them. It is very advisable to only focus on the 3credits because they are said to be the most reliable, it is easy to locate them. There are three credit bureaus which help you in checking credit scores, compiling your credit reports and basically monitoring the records on your reports.
Equifax, TransUnion and Experian are the three reporting agencies that calculate an individuals credit scores. The 3credit reports are the best so far because it is through them that an individual can get a loan approved to clear car debts, mortgages, rent and also other bills. The other types of credits like social security credits are recorded from wages that you get in a job, this credits come a long way in acquiring you benefits after retirement or disabilities.
If you are individual who does not understand the criteria involved in getting your credit score it is important to check with a financial advisor so that you can understand how to go about. The credit service providers too also offer you a great platform to ask the questions you don’t understand. Debt can occur in anytime and you will be required to produce your credit reports. The importance of this 3credit is that it is the best in detecting whether someone has stolen your identity and is managing your funds. Since the credit reporting systems are designed to give you the information on your credit on a frequent basis it will be easy to know the status of the credit. Knowing your credit score is important, the 3 credit comes in handy if you are looking to find out whether you are misusing your funds. The service providers also notify you on how well you are doing in good credit scores. The reporting services are available and at cheap prices and some with free trial periods. Conduct searches online for these services to find the best.
By: Hector Milla
Equifax, TransUnion and Experian are the three reporting agencies that calculate an individuals credit scores. The 3credit reports are the best so far because it is through them that an individual can get a loan approved to clear car debts, mortgages, rent and also other bills. The other types of credits like social security credits are recorded from wages that you get in a job, this credits come a long way in acquiring you benefits after retirement or disabilities.
If you are individual who does not understand the criteria involved in getting your credit score it is important to check with a financial advisor so that you can understand how to go about. The credit service providers too also offer you a great platform to ask the questions you don’t understand. Debt can occur in anytime and you will be required to produce your credit reports. The importance of this 3credit is that it is the best in detecting whether someone has stolen your identity and is managing your funds. Since the credit reporting systems are designed to give you the information on your credit on a frequent basis it will be easy to know the status of the credit. Knowing your credit score is important, the 3 credit comes in handy if you are looking to find out whether you are misusing your funds. The service providers also notify you on how well you are doing in good credit scores. The reporting services are available and at cheap prices and some with free trial periods. Conduct searches online for these services to find the best.
By: Hector Milla
Feb
7
Limited Credit History- How can I start building my credit?
Filed Under Credit History | Leave a Comment
Im 18 years old and lack credit history..the only thing I have as of now is a Macy’s card which I’ve been using for just one month. Can anyone give any suggestions or recommendations as to how I can start building my credit? Or which credit card companies will be willing to take on a customer with limited credit history? I’ve applied for several but got rejected due to my lack of credit history.
Feb
5
Whether you are looking for a secured loan or want to apply for a credit card, having a good credit history is very important. Having a credit card these days has turned out to be a necessity. It does not only extend your money but it can be used for other things you might need in the future as well.
Your credit card will be your report guide or history for future transactions that you might have such as loans. It works in that way because your credit card will keep tab on how you use your credit card. They will then collate all your transactions that you have used on your credit card to a company that collects credit report.
Late Payments
It is important to remember to avoid making bad transactions or late payments when you have used the card. This will be viewed as a negative thing in your credit report. The more negative your credit report becomes; the less chance you’ll have of getting a better loan such as mortgages or car loans.
There will be some loan companies that will give a loan to a person with bad credit history. The only catch is that their interest rates will be higher than normal due to the high level of risk they are taking. Having bad credit history might also give you problems with finding a job or an apartment.
Rebuild
So it is important to have a positive credit report. If you do not have a positive credit report, you should realize that you should rebuild your credit history. It is a difficult process and long process, but it will be worth it to get your credit repaired once again.
The first thing you’d have to do is take a look at your credit report history. There’s a free site the U.S. government offers the www.annualcreditreport.com. The website helps a person view and study his credit history.
By being able to study his or her credit report, one can now see where he or she went wrong or might have been an error. If there are any errors try to repair them. If the credit problem was really your fault, try to learn from it.
The next thing you’d do is list down all your living expenses such as mortgages, rents, food expenses, entertainment expenses, etc. Then also list the source of all your income. If you see that the expenses are lopsided, maybe a change in lifestyle will help prevent charging your credit card way too much.
Apply For A Card
The next thing you’d have to do is apply for another card. Apply for the thing that started this whole mess. You are not most likely getting a standard credit card, so apply for a secured one.
A secured credit card is easier to obtain for people with bad credit history. You would need to deposit some funds to the company who has issued you a secured credit card. The limit you may use is really the amount you have deposited.
A secured credit card will also help you splurge the power of the card; because you know the amount or the limit. Another thing to apply for is the Gas card and store cards. They may have only small limits but they can help repair your credit rating slowly.
The most important thing to consider when rebuilding your credit history, is that you pay all your bills on time and fully. This will help the credit history recorder that you may have made small mistake before but really have good paying habits.
By: Paul Rogers
Your credit card will be your report guide or history for future transactions that you might have such as loans. It works in that way because your credit card will keep tab on how you use your credit card. They will then collate all your transactions that you have used on your credit card to a company that collects credit report.
Late Payments
It is important to remember to avoid making bad transactions or late payments when you have used the card. This will be viewed as a negative thing in your credit report. The more negative your credit report becomes; the less chance you’ll have of getting a better loan such as mortgages or car loans.
There will be some loan companies that will give a loan to a person with bad credit history. The only catch is that their interest rates will be higher than normal due to the high level of risk they are taking. Having bad credit history might also give you problems with finding a job or an apartment.
Rebuild
So it is important to have a positive credit report. If you do not have a positive credit report, you should realize that you should rebuild your credit history. It is a difficult process and long process, but it will be worth it to get your credit repaired once again.
The first thing you’d have to do is take a look at your credit report history. There’s a free site the U.S. government offers the www.annualcreditreport.com. The website helps a person view and study his credit history.
By being able to study his or her credit report, one can now see where he or she went wrong or might have been an error. If there are any errors try to repair them. If the credit problem was really your fault, try to learn from it.
The next thing you’d do is list down all your living expenses such as mortgages, rents, food expenses, entertainment expenses, etc. Then also list the source of all your income. If you see that the expenses are lopsided, maybe a change in lifestyle will help prevent charging your credit card way too much.
Apply For A Card
The next thing you’d have to do is apply for another card. Apply for the thing that started this whole mess. You are not most likely getting a standard credit card, so apply for a secured one.
A secured credit card is easier to obtain for people with bad credit history. You would need to deposit some funds to the company who has issued you a secured credit card. The limit you may use is really the amount you have deposited.
A secured credit card will also help you splurge the power of the card; because you know the amount or the limit. Another thing to apply for is the Gas card and store cards. They may have only small limits but they can help repair your credit rating slowly.
The most important thing to consider when rebuilding your credit history, is that you pay all your bills on time and fully. This will help the credit history recorder that you may have made small mistake before but really have good paying habits.
By: Paul Rogers
Jan
31
What are some ways to build credit history without a credit card?
Filed Under Credit History | 2 Comments
I am 20 with no credit cards or credit history. I am currently paying back my school loans. Does that work? I want to know what some other ways are to help build my credit WITHOUT credit cards. I am trying to stay out of debt as much as possible. All I have to pay is my car insurance, school loans, and cell phone bills. Any tips/advice? Thanks in advance!
Jan
28
Your credit score report can be affect by more than your available credit history. We talk about how credit cards, mortgages, car loans, and any type of loan that reports to all 3 credit bureaus will affect your credit score. We don’t always talk about utility companies and how they can have a negative impact on your credit report. Here are utility companies I like to consider non-creditors. In other words these companies don’t give you a line credit, they just provide a service.
Utility companies
Utility companies
- Phone companies
- Electric companies
- Security companies
- Cell phone companies
- Water companies
- Gas companies
- Cable companies
- Internet Companies
Let’s assume you are having a tough time currently, and you stop paying your cable bill. The cable company will give you a little time to pay off the debt for service rendered, but will eventually turn that debt over to a collection company. The collection company in return will report that obligation to the 3 credit bureaus wanting their money. This is how it works with any of the companies mention. Once this collection reports to the credit bureaus your credit rating just dropped about 100 points. Utility companies on the other hand don’t help your credit when you are in good standing, but will also hurt your credit score if you don’t pay. Once the collection hits your credit report, and you finally decide to pay off the collection, the collection will be on your credit report for 7 years. 7 years of negative information will be on your credit report. If you don’t pay the collection, the collection company can sell the collection repeatedly to different collection companies which will ultimately drive down your credit score even more.
Pay your bills on-time
If you get behind, call your creditors immediately and work out a payment arrangement with them. They will typically work with you, especially during tough economic times. A creditor or utility company would rather get some form of payment versus nothing. If you don’t pay your bills including utility bills it will affect your credit score report. With lending getting extremely tough currently, your credit scores are more important than ever. If you have credit issues, the banks may look at your credit history as too big of a risk for there portfolio.
Don’t assume if you don’t pay utility it will not affect your credit. Because it will affect your credit, and will not go away until you pay it off. If you are unsure what is on your credit report, get a copy of your free credit score report today.
By: Mike Clover
Jan
27
How can I get my credit card company to report account information?
Filed Under Credit Report | 4 Comments
I got my credit report today and it shows that my total credit amount is $300 and I have $296 available. After further inspection I noticed that only one credit card had reported a credit limit/max balance and that all of my credit cards hadn’t been reported since April. Is there an effective way to contact the credit card companies and get them to report accurate and up to date information to the credit bureaus? I feel that this issue is affecting my credit score, so I would like to fix this.
Thanks in advance.
Jan
24
Is it possible to get a no cost credit report? Yes, definitely. This is a good news to people who have serious credit score issues. Perhaps, you’re wondering what your credit score is. Perhaps, you’re considering taking out a loan for a new business or a new car, but you don’t know if you would qualify. You really don’t want to go through the hassle of applying for a loan just so you’d get rejected. You could avoid it by knowing your credit score before you even enter the doors of the credit agencies.
Getting it for free can be overwhelming when you don’t know where to go and how to get it.
It is very important for consumers to check on their credit every year. They do not remain constant. You cannot expect to have the same credit score five years after you last checked. This could cost you your job or your house. Knowing your credit score is crucial. Luckily, it is now available to you at no cost at all. Indeed, you can get your totally free credit report online.
Every citizen is entitled to their no cost credit report every year. You can get them from the country’s three major credit agencies. Before you can get it for $9.50, but these days, Equifax, Experian and TransUnion are required to provide Americans their free reports once a year.
No, you will not get them automatically. You still have to file a request in order to get your copy. You can do this in three ways:
1. You can go directly to annualcreditreport.com, the only authorized consumer source online in order to access your no cost credit report.
2. You can get your free report via phone by calling (877) 322-8228
3. You can request via mail by sending in your request and mailing it to Annual Report Request Service.
Your report is the basis of your credit score. Once you have sent in your request, you can expect to receive it within a reasonable time. You’d get a summary of your payment history, balances, payment behavior and accounts listing. What you get is not automatically your credit score. However, credit agencies would base your credit score from your it. The better it is, the higher is your credit score. If it reflects bad accounts or worse, bankruptcy, you’d likely have bad credit score as well.
When you receive your free report, it is very important that you check for disputable accounts and items. Make sure that it is accurate. Otherwise, you would be saddled by these accounts. You will not be able to easily secure a loan. You could lose your home over an inaccurate reporting.
Nowadays, no cost credit report is available to everyone. It is your right to avail of them so you’d know how you stand financially. Your report could mean a huge difference between having a difficult or easy financial life.
By: Peter Lisdorf
Getting it for free can be overwhelming when you don’t know where to go and how to get it.
It is very important for consumers to check on their credit every year. They do not remain constant. You cannot expect to have the same credit score five years after you last checked. This could cost you your job or your house. Knowing your credit score is crucial. Luckily, it is now available to you at no cost at all. Indeed, you can get your totally free credit report online.
Every citizen is entitled to their no cost credit report every year. You can get them from the country’s three major credit agencies. Before you can get it for $9.50, but these days, Equifax, Experian and TransUnion are required to provide Americans their free reports once a year.
No, you will not get them automatically. You still have to file a request in order to get your copy. You can do this in three ways:
1. You can go directly to annualcreditreport.com, the only authorized consumer source online in order to access your no cost credit report.
2. You can get your free report via phone by calling (877) 322-8228
3. You can request via mail by sending in your request and mailing it to Annual Report Request Service.
Your report is the basis of your credit score. Once you have sent in your request, you can expect to receive it within a reasonable time. You’d get a summary of your payment history, balances, payment behavior and accounts listing. What you get is not automatically your credit score. However, credit agencies would base your credit score from your it. The better it is, the higher is your credit score. If it reflects bad accounts or worse, bankruptcy, you’d likely have bad credit score as well.
When you receive your free report, it is very important that you check for disputable accounts and items. Make sure that it is accurate. Otherwise, you would be saddled by these accounts. You will not be able to easily secure a loan. You could lose your home over an inaccurate reporting.
Nowadays, no cost credit report is available to everyone. It is your right to avail of them so you’d know how you stand financially. Your report could mean a huge difference between having a difficult or easy financial life.
By: Peter Lisdorf
Jan
24
What is the best credit card for people w/o much credit history?
Filed Under Credit History | Leave a Comment
Hi, I turned 18 a while ago and I am interested in getting my first credit card. What is the best credit card for people with little/no credit history? I am looking for one WITHOUT an annual fee. The main things I buy are gasoline and food. Do you guys have any recommendations? What are your personal experiences?
Jan
23
One of the first things you need to do before undergoing credit report repairing is to take time to understand how credit scoring works. This article will explain what a credit score is, so that you will know what to look for when you start to fix bad credit items that show up on your report.
What is a Credit Score (aka FICO Score)?
The credit score that lenders use is called a FICO® score. Your FICO score helps those you approach to borrow money determine whether you qualify for a loan and what interest rate you’ll pay. It is a number based on the information in your credit file that shows how likely you are to pay a loan back on time.
The Highs and Lows of a Credit Score
Credit scores range from a low of 300 or 400 to a high of 800 or 900, depending on the source cited. The higher your score, the better. This means you will get lower interest rates on everything from home and auto loans to credit cards. Alternately, the lower your score, the higher the interest rate.
Credit Repair: Why It Pays to Fix Bad Credit
Bad credit costs. How? Consider this: Roughly, a score of 620 is necessary to qualify for a prime loan at conventional rates. Consumers with lower scores will be charged a higher interest rate, or denied altogether.
Falling below the 620 cut-off point can impose significant costs on mortgage borrowers. Over the life of a 30-year, $150,000 mortgage for example, a borrower paying a sub-prime rate of 9.84%, instead of a prime rate of 6.56%, would pay $317,517 in interest instead of $193,450 – a difference of $124,067 in interest payments over the life of the loan. As this example illustrates, it literally pays to clean up your credit.
Credit Repair Tips: Factors that Determine Your FICO Score
There are several factors that go into determining your FICO store. Following are four of the most important (there are several more):
On-Time Payments: How many times you’ve had late payments. FYI, this is the number one thing you can do to increase your credit score – make your payments on time.
Length of Credit History: The longer you have open credit accounts, the higher your score (if you’ve paid on time and if the accounts are of a certain kind).
Types of Credit Lines: As alluded to above, some types of credit can actually work against you.
Credit Available to You: Having too much credit available to you – even if you don’t use it – can lower your score. Note: It’s tidbits like this that most don’t know when trying to repair their credit that can have you going about it the wrong way.
Repair Your Credit and Have the Life You Deserve
The good news is that you can repair your credit and get on the road to having the life you dream of, eg, starting a business, buying a home, upgrading to a nicer car, etc.
By: Yuwanda Black
What is a Credit Score (aka FICO Score)?
The credit score that lenders use is called a FICO® score. Your FICO score helps those you approach to borrow money determine whether you qualify for a loan and what interest rate you’ll pay. It is a number based on the information in your credit file that shows how likely you are to pay a loan back on time.
The Highs and Lows of a Credit Score
Credit scores range from a low of 300 or 400 to a high of 800 or 900, depending on the source cited. The higher your score, the better. This means you will get lower interest rates on everything from home and auto loans to credit cards. Alternately, the lower your score, the higher the interest rate.
Credit Repair: Why It Pays to Fix Bad Credit
Bad credit costs. How? Consider this: Roughly, a score of 620 is necessary to qualify for a prime loan at conventional rates. Consumers with lower scores will be charged a higher interest rate, or denied altogether.
Falling below the 620 cut-off point can impose significant costs on mortgage borrowers. Over the life of a 30-year, $150,000 mortgage for example, a borrower paying a sub-prime rate of 9.84%, instead of a prime rate of 6.56%, would pay $317,517 in interest instead of $193,450 – a difference of $124,067 in interest payments over the life of the loan. As this example illustrates, it literally pays to clean up your credit.
Credit Repair Tips: Factors that Determine Your FICO Score
There are several factors that go into determining your FICO store. Following are four of the most important (there are several more):
On-Time Payments: How many times you’ve had late payments. FYI, this is the number one thing you can do to increase your credit score – make your payments on time.
Length of Credit History: The longer you have open credit accounts, the higher your score (if you’ve paid on time and if the accounts are of a certain kind).
Types of Credit Lines: As alluded to above, some types of credit can actually work against you.
Credit Available to You: Having too much credit available to you – even if you don’t use it – can lower your score. Note: It’s tidbits like this that most don’t know when trying to repair their credit that can have you going about it the wrong way.
Repair Your Credit and Have the Life You Deserve
The good news is that you can repair your credit and get on the road to having the life you dream of, eg, starting a business, buying a home, upgrading to a nicer car, etc.
By: Yuwanda Black