With age comes wisdom, especially when it comes to making financial decisions. A 40-year-old may be more aware of the facts and myths of credit repair than a 20-year-old. However, there can be instances when people may get stuck in the same credit issues irrespective of their age. To begin with, the key to improving … Read more
In discussing family accounts as a way to build credit, it was mentioned that people starting out will usually have student loans as their first credit account, unless they have a family member with a credit history. Do not obtain car loans or credit cards linked to Student loan installments are a tricky area of … Read more
Today’s 550 credit score could be tomorrow’s 780 credit report. When I look at a credit report, I wonder if I am struggling to qualify borrowers who were once very credit score, Most once had six figure incomes with credit reports above 700. These factors put these borrowers in the A paper categories. Take Robert, … Read more
When you apply for a home or personal loan, the first thing your bank will do is check your credit score. Credit score or credit history is basically the result obtained from the analysis of credit files of an individual. Besides banks, insurance companies, phone companies and government institutions also use credit scoring to evaluate … Read more