Many of us are already familiar with the fact that a good credit history is essential if you want to save money on loans. Indeed, your interest rate on home loans, auto loans and credit cards will be lower if you have a higher credit score. A good FICO score can save you hundreds, even […]
Recovering from bankruptcy can seem insurmountable right after you’ve been through the wringer of filing. Whether you’ve had to deal with unexpected medical bills—the leading reason for filing personal bankruptcy—or you’ve been through a rough divorce or a bout of unemployment, or even just a string of bad financial decisions, going bankrupt can make you […]
“I’d like to purchase a mobile phone,” I told the guy at the store. He had me fill an application, and after a few minutes, came back to me and said, “I’m sorry, we can’t give you a contract. You don’t have any credit history.” I arrived at the US in 1999 with no credit […]
You know that insurance is a necessity in some cases. By law, you are required to purchase car insurance, and health insurance can protect against major (and possibly financially devastating) health problems and costs. Other types of insurance, like life and disability, can be very helpful in securing your family’s future, depending on your particular […]
Did you know that companies pulling your credit may sometimes hurt your score and other times not affect it at all? In the world of credit and credit reports, there are two types of inquiries: hard or soft credit checks. Basically, a hard credit check (or sometimes referred to as a credit “pull”) is a […]
You know that your credit score is based on information in your credit history. However, few people wonder how it gets there. The answer is relatively simple: Your creditors report information about you to the credit bureaus. When you pay on time, or if you are late, your lenders report that information. Your entire credit […]
