What Credit Score Is Needed To Buy a House?
What Credit Score Is Needed To Buy a House? Credit Report by David B. Coulter Share Share Email Unfortunately, there is no single credit score that can guarantee a borrower a mortgage at a rate she is comfortable with. This is because each lender is free to set their own credit score requirements, based on […]
What’s The Best Way to Build My Credit Score?
What’s The Best Way to Build My Credit Score? Auto Loans by John Ulzheimer Share Share Email Happy Birthday, you’ve just turned 18. Maybe you got a car for your birthday. Maybe your parents are throwing you a great party. Whatever your gift happens to be, it’s unlikely that you’re thinking about your credit scores…although […]
How Many Points Are Credit Inquiries Worth in Your Credit Score?
How Many Points Are Credit Inquiries Worth in Your Credit Score? Credit Monitoring by John Ulzheimer Share Share Email “John, I read online that each inquiry lowers your credit score by 3 to 5 points. Is that true? I’ve also seen 12 points and I’ve seen zero points. Why are there so many different answers […]
Why Didn’t My Credit Score Go Up After Paying Off A Collection?
Why Didn’t My Credit Score Go Up After Paying Off A Collection? Credit Cards by John Ulzheimer Share Share Email The following question was sent to me by a Facebook friend. If you’ve got a question for me please feel free to send it to me via Facebook or via Twitter @johnulzheimer. I try my […]
Why should I monitor my credit report?
Why should I monitor my credit report? Credit Monitoring by John Ulzheimer Share Share Email There are three key ways to monitor your credit report. One is to obtain your one free credit report annually from each of the three credit reporting agencies – Equifax, Experian and TransUnion. The second is to purchase your credit […]
Payday Lenders Get Warning From CFPB Regarding How They Treat Servicemembers
Payday Lenders Get Warning From CFPB Regarding How They Treat Servicemembers Auto Loans by John Ulzheimer Share Share Email Payday loans are among the most expensive forms of credit available in the U.S. Unfortunately military members often take advantage of these short term, high interest loans that, when annualized, can easily run well over 100%. […]
What happens to my credit if my credit card is lost or stolen?
What happens to my credit if my credit card is lost or stolen? Uncategorized by John Ulzheimer Share Share Email If your credit card has been lost or worse, stolen then the first thing you need to do is to call the credit card issuer. That stops any potential abuse of your card because the […]
Does Buying Your Credit Report or Score Online Lower Your Credit Scores?
Does Buying Your Credit Report or Score Online Lower Your Credit Scores? Credit Cards by John Ulzheimer Share Share Email “John, I have heard in the past that buying a credit report, credit monitoring service or a credit score from any of the retail credit websites will hurt your credit scores. I would like to […]
Paying Off a Collection Account
Paying Off a Collection Account Debt Management by David B. Coulter Share Share Email Settling Old Accounts If you want to make wiser use of credit, then negotiating a settlement for any past due amounts can help you in developing the right mindset for avoiding future debt. However, before you take action, you will first […]
Can Collection Agencies Pull My Credit Reports?
Can Collection Agencies Pull My Credit Reports? Bankruptcy by John Ulzheimer Share Share Email You may be surprised to find out that credit reports can be used to find debtors who have “skipped out” and have left no forwarding address. These individuals can be past due on their bills and cannot pay, so they change […]