Revolving, Installment and Open Accounts: What to Know About the Three Types of Credit
Revolving, Installment and Open Accounts: What to Know About the Three Types of Credit Credit Monitoring by David B. Coulter Share Share Email Not all credit is created equal. The credit bureaus, along with each of their scoring models, all take into consideration the types of credit accounts in a portfolio. While credit mix only […]
Do I have to carry a balance on my credit card in order to build credit faster?
Do I have to carry a balance on my credit card in order to build credit faster? Auto Loans by John Ulzheimer Share Share Email “John, I’ve read that you can build credit faster if you carry a balance on your credit cards. Is that true? That seems like an expensive way to establish credit […]
What Happens to My Credit If I Get Divorced?
What Happens to My Credit If I Get Divorced? Credit Report by John Ulzheimer Share Share Email About 50% of you who are reading this right now will get or have gotten divorced. That’s how the numbers play out. That’s the bad news. The good news is this…
The What, Why and How of Teaching Children About Credit Reports
The What, Why and How of Teaching Children About Credit Reports Credit for Beginners by David B. Coulter Share Share Email A popular viral Facebook post asks parents if schools should teach kids financial literacy. It’s a good question. The fact is that few schools teach kids basic facts about credit — simple things like […]
How Does Getting Married Affect My Credit?
How Does Getting Married Affect My Credit? Credit Cards by Maria Shahid Share Share Email T’is the season of love, or is it? The summer months from May to August fall under the wedding season. Unfortunately, with the arrival of COVID-19 many couples are having to postpone their wedding indefinitely, or do smaller and more […]
Why Can’t I Get My Credit Score?
Why Can’t I Get My Credit Score? Credit Cards by John Ulzheimer Share Share Email Credit scores are derived from data on your credit report…and that’s it. They are based upon mathematical formulas that predict future credit behavior using both current and historical credit information. But, we’re not all so fortunate to have a credit […]
Identity Theft In The Making – Stories From A Credit Bureau Insider, Part III
Identity Theft In The Making – Stories From A Credit Bureau Insider, Part III Identity Theft by Steve Reger Share Share Email Now back to my story. John Consumer had called TransUnion and determined there were a number of accounts showing on his credit file which were not his. TransUnion in response contacted the respective […]
New SmartCredit.com ver 5.1.1 wows consumers!
New SmartCredit.com ver 5.1.1 wows consumers! Press Releases by David B. Coulter Share Share Email Today, I am proud to announce the all new SmartCredit.com with never before seen technology and features. Many already love our horizontal credit report as a better and easier way to view their credit. Now, we have added easy and […]
Will My Scores Go Up Considerably If I Pay Off My Debt?
Will My Scores Go Up Considerably If I Pay Off My Debt? Auto Loans by John Ulzheimer Share Share Email “John, I just sold my house and thankfully I got enough to cover both of my mortgages, a first and a HELOC. When my credit reports are updated to show zero balances on those loans […]
If my home loan is underwater, does that hurt my credit?
If my home loan is underwater, does that hurt my credit? Credit Report by John Ulzheimer Share Share Email Thankfully, this is pure myth. The short answer is – the value of your home does not impact your credit, but your payment history does. The mortgage information included on your credit report includes: the original […]