Everything You Need to Know About Credit Builder Loans

If you’ve never had any credit before, or are recovering from bad credit, consider taking out a credit builder loan. This type of loan is specifically designed for people who may not qualify for traditional financing, such as a credit card or personal loan. There are a few restrictions that come along with a credit…

The Truth About Credit Repair

Having bad credit can cost you a lot of money. For example, did you know that a typical home can cost you between $50,000 and $100,000 more in interest if you are buying the home with bad credit? On average, you will end up paying about $1,500 to $5,000 more for a car if you…

How to Remove a Foreclosure from Your Credit Report

Despite reported upswings in the housing market, foreclosures continue to be a huge problem for residents of the US. In March of 2013 alone, 1 in every 859 homes in the US received a foreclosure filing. The RealtyTrac database lists over 1.4 million homes that are currently in foreclosure. That’s well over a million families…

How to Remove a Judgment from Your Credit Report

Judgments can have a huge, lasting impact on your credit score, giving you major difficulty in obtaining credit cards or loans. Perhaps you received a judgment from a lawsuit concerning old debt or even a former eviction. Whatever the reason, these public records cause long-lasting damage, even years after the incident occurred. Luckily, it is…

How to Remove Late Payments from Your Credit Report

The health of your credit score is largely dependent upon your payment history. If your credit report entails one or more late payment, then your score is likely suffering because of it. Why? 35% of your credit score is determined by how timely you pay your bills. Luckily, there are several different approaches you can…

What is a Good Credit Score?

Despite the impact that a good credit score can have, many people misunderstand what credit scores are and how they are calculated. Your credit affects every aspect of your life in ways that you may not expect. Having a good credit score unlocks lower rates for mortgages, car loans, and some types of insurance as…

Public Records

What is a public record? Public records are information pertaining to legal matters that have a direct impact on your finances. They list things like paid and unpaid debts, legal liabilities, and your payment history. They tell a creditor if you are a good risk for a loan. When you are taken to small claims…

How to Remove Collections from Your Credit Report

When you’re trying to fix your credit, having one or more collections can put a huge damper on getting your score on an upward trajectory. While it can be difficult to get collections removed from your credit report, it’s not impossible. The best way to get started is learning about how exactly collections affect your…

How to Remove a Repossession from Your Credit Report

How do repossessions affect your credit? Having a repossession on your credit report can be very damaging to your credit scores. A repossession may contribute to you not being able to get a loan for things like cars, credit cards, home loans, or anything else that requires a credit check. How long does a repossession…

How to Get Your Free Credit Report

What is a credit report? Most people already know what a credit report is, but sometimes let’s go over the basics real quick just in case. Credit reports are sometimes referred to as “credit files” or “credit history”. They are compiled by the three major credit reporting agencies, aka credit bureaus: Equifax, Experian and TransUnion.…