What Is An Auto Credit Score?
What Is An Auto Credit Score? Auto Loans by David B. Coulter Share Share Email Most people don’t know their credit score has no impact on qualifying for a car loan. Instead, it’s what’s known as an Auto Industry Option Score, which we call an Auto Score on SmartCredit.com. The Auto Score is usually calculated […]
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 […]
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 […]
What if someone asks you to co-sign?
What if someone asks you to co-sign? Auto Loans by John Ulzheimer Share Share Email When family or friends ask to borrow money, they’ve placed you in a very difficult and almost unfair situation. You want to help your relative so they can qualify for student loan, car loan or credit card. The person can […]
What You Need to Know About Your Credit Cards Before Traveling Abroad
What You Need to Know About Your Credit Cards Before Traveling Abroad Credit Cards by David B. Coulter Share Share Email There are few things more frustrating than discovering that you don’t have access to your funds while traveling abroad. Finding yourself without money in a foreign land, where few people speak English, can be annoying, […]
What is a Fair Credit Score Range?
What is a Fair Credit Score Range? Credit for Beginners by David B. Coulter Share Share Email What is a Credit Score? A credit score is a number between 300 and 850 that shows how reliable you are at paying back money you’ve borrowed, which is based on your credit history. Credit scores act as […]
What is a Mortgage Credit Report? How is it Different Than a Regular Credit Report?
What is a Mortgage Credit Report? How is it Different Than a Regular Credit Report? Credit Report by John Ulzheimer Share Share Email When you apply for a mortgage the lender or broker does not pull a normal credit report, like what would be pulled by an auto lender or credit card issuer. Instead they […]
What Could Happen
What Could Happen Credit Cards by David B. Coulter Share Share Email A Road Less Traveled One topic that people usually do not enjoy discussing or even thinking about is insurance, especially life insurance. If you are single or a young couple with no children, you might not need to worry about this expense as […]
What Are Account “Ratings” on my credit reports?
What Are Account “Ratings” on my credit reports? Auto Loans by John Ulzheimer Share Share Email Have you ever seen an actual raw credit report? Meaning, a credit report that has been produced directly from a credit reporting agency for the purposes of lending and not a credit report cosmetically changed for consumer consumption. If […]