30 Apr
The basis of a credit score is to give you a number sentence various statistics gathered from your credit history. If you want to know about credit scores you first have to remember that everyone’s credit scores differs because everybody’s spending habits are different. When you go through life your credit score goes with you and is affected by the information reported in on the various things you spend your money on. People use your credit score to make a judgment about the integrity of your spending habits, and if you pay your bills on time. Read the rest of this article...
31 Mar
Many people think of debt as a bad thing, and in many cases, they’re absolutely right. However, there are several instances where debt can be a good thing, and can help you achieve your financial dreams. Here’s a primer on the difference between good and bad debt.
The Benefits of Good Debt Read the rest of this article...
08 Mar
Unfortunately, very few people have “perfect credit” but having made some mistakes in the past does not mean there is not a product for you. No credit is just that. This means that the person has no information pertaining to their payment history. The good thing is that there are other things that can be taken into consideration to show you have the ability and willingness to pay your debts. One positive thing is a history of rent payments.Another thing to show is a cell phone or land line telephone bill. Utility bills are another way to show a history of paying bills. Simply having no file does not bar a person from obtaining home financing. There is no such thing as having no credit history. There is always something available to
show a history of payment. Read the rest of this article...
15 Feb
Credit reporting agencies have recently changed their scoring models used for calculating credit scores. The new changes can affect the outcome of some loan applications for borrowers trying to qualify for a mortgage or other types of financing. Some of the main changes include the following:
1. Credit Balance to Limit Ratio Read the rest of this article...
29 Dec
Having good credit is sometimes considered worth more than gold. So much of the way we live evolves around a good credit score. The amount of interest you have to pay on a loan or credit cards and even if you get approved has much to do with your score. Read the rest of this article...
