This week’s credit tip may seem obvious, but it’s often overlooked. Many people think that they’ll get to it eventually, but it’s really one of the first steps you need to take. Simply paying your bills on time is one of the best ways to improve your credit score. This is absurdly simple, but it [...]
If you are going to improve your credit score, then logic has it that you must understand what your credit score is and how it works. Without this information, you won’t be able to very effectively improve your score because you won’t understand how the things you do in your daily life affect your score. [...]
If your credit score is the rough equivalent of room temperature, it might be time to undertake some credit repair measures. This means one of two choices: hire a professional credit repair firm or handle it yourself. The credit repair industry has its fair share of snake-oil salesmen. The plain truth is that credit repair [...]
Some people don’t give their credit scores much thought, but if you have a high rating, the opportunities are endless. People with good credit typically qualify for loans, and a good credit score can open doors to job opportunities and lower insurance premiums. The truth is, building a good credit score is not rocket science. [...]
Who hasn’t caught an episode of MythBusters on the Discovery Channel? It’s an entertaining production focused on debunking urban myths in a tongue-in-cheek style. Myths arise about many of life’s experiences and that includes the ubiquitous credit card. Today, we will look at seven common myths regarding credit cards, and then we’ll debunk them.
Credit has two main definitions. First, credit can be described as your level of trustworthiness when it comes to repaying money that you borrow. It can also be termed as your ability and your intent to repay money that you borrow. This level of trustworthiness (or ability and intent) is measured by something called a [...]