Wondering how to build credit from scratch (or worried because you haven’t started yet)? Here is what you need to know to build credit for the first time.
Q. I recently checked my credit reports and learned that they were reporting an old credit card as unpaid. Years ago, this account was charged of and had gone into collections. I eventually paid it off. I disputed this information with the credit bureaus. Transunion updated this item to “closed and paid” but Experian informed […]
A good credit history is a big part of financial independence; a good credit score makes it possible to get credit cards and buy a home, while a poor or missing credit history can make it difficult to rent an apartment, get insurance — or even get a job. Here’s what you need to know about building a great credit history and using it responsibly.
Don’t fall for scams promising easy, overnight credit repair. If you want to fix your poor credit, you can (and should) do it yourself. Follow these six simple steps to do-it-yourself credit repair.
Dave Ramsey tells people that FICO scores aren’t credit scores; they’re “I love debt” scores. Case in point: Last week, I paid off my auto loan. This week, my FICO score dropped 60 points. Sixty! There have been no other changes to my credit report. Needless to say, I’m pretty flabbergasted…and pissed off…that my score […]
Have you already noticed that all the annoying TV ads for FreeCreditReport.com are now for FreeCreditScore.com? That’s because as of April 2, the U.S. Federal Trade Commission (FTC) now requires companies claiming to offer free credit reports to include obvious disclaimers informing you that the only place to get a truly free credit report is […]
Have a student loan, home loan, or personal loan? Have you ever wondered exactly how your lender calculated your monthly payment on the day you accepted the money? Sure, there are interest calculators and other available resources online to help you figure out just how much you will be paying back at the end of […]