Adulting 101: How to Interpret Your Credit Report
Adulting 101: How to Interpret Your Credit Report Credit Cards by Maria Shahid Share Share Email Aside from monitoring your credit score every month, you should make sure to check your credit report at least twice a year for errors or signs of fraud. Fair warning though, a credit report is more difficult to understand […]
The Credit Scores That Lenders Use Most
The Credit Scores That Lenders Use Most Credit for Beginners by David B. Coulter Share Share Email Not only does your credit score evolve (typically covering six-year periods) as your borrowing and payment history matures, it’s also determined by three potential sources that report varying numbers based on different types of credit scores. It’s […]
What is a Good Credit Score?
What is a Good Credit Score? Credit for Beginners by David B. Coulter Share Share Email A good credit score is a credit score of 700 or higher. Your credit score is one of the most crucial elements affecting your economic potential. Whether you’re just starting your financial journey, looking to apply for a loan, […]
Peer-to-Peer Lending: What It Is and How It Works
Peer-to-Peer Lending: What It Is and How It Works Credit Report by Maria Shahid Share Share Email Merriam’s defines peer as a “one that is of equal standing with another.” You aren’t on equal standing with a bank or credit union if you want a loan, but you are on a reasonably equal standing when […]
Why Doesn’t My Credit Card Ever Show a Zero Balance On My Credit Reports?
Why Doesn’t My Credit Card Ever Show a Zero Balance On My Credit Reports? Credit Cards by John Ulzheimer Share Share Email This is one of the most frequently asked questions and one of the most misunderstood aspects of credit reports and credit card bills. To understand why your credit card balance never shows as […]
What Credit Card Balance Will Show Up On My Credit Report?
What Credit Card Balance Will Show Up On My Credit Report? Credit Cards by John Ulzheimer Share Share Email Q: John, I was reading a couple of your articles and I have a question.I just opened a credit card with a pretty low credit limit, $2,000. I know I need low credit card utilization or […]
How Credit Scores Affect Auto Loan Applications
How Credit Scores Affect Auto Loan Applications Auto Loans by John Ulzheimer Share Share Email Approximately 80% of those surveyed in a study conducted by VantageScore Solutions and the Consumer Federation of America underestimated the impact a low score has on an auto loan.That way too high considering how obvious it should be that credit […]
What Happens When I Refinance My Mortgage Loan?
What Happens When I Refinance My Mortgage Loan? Credit Cards by John Ulzheimer Share Share Email Think about what’s involved in refinancing your mortgage? It is just about the same as when you applied for the original mortgage. You still have to be able to qualify based on your current financial situation and most lenders […]
How to Check All Three of Your Credit Scores
How to Check All Three of Your Credit Scores Credit for Beginners by Staff Writer Share Share Email Why do you have three credit scores, and how do you check them? Whether you’re planning to apply for a loan, rent an apartment, or simply ensure your financial well-being, regularly monitoring your credit scores from Equifax, […]