What Is a Fraud Alert?

Identity theft has always been around in some form or fashion, but it’s now easier than ever because of modern technology. Before you only had to worry about sensitive information being stolen from your wallet, garbage can, or mailbox. Now, however, you have to deal with criminals trying to access information from your smartphone, laptop,…

What Credit Score Do I Need to Qualify for an FHA Loan?

If you’re planning to buy a house, it’s possible that you can qualify for an FHA loan that will put you on the path to home ownership sooner than you think. The current low interest rates are a homebuyer’s dream – and with the housing market far from a full recovery, prices are attractive as…

The “Shopping Cart Trick” for Store Credit Cards

Having bad credit comes with more than a few downsides. But two of the biggest concerns are how to qualify for new credit accounts and how to fix your existing credit. There’s actually a simple strategy that, in many instances, can help you do both. It’s known as the “shopping cart trick,” or sometimes the…

How Much Will a Bad Credit Score Really Cost You?

More than half of all Americans have subprime credit, meaning the majority of people don’t have access to the best interest rates and loan terms available when they go to borrow money or open up a credit card. Regardless of whether you rely on credit every day or make an attempt to pay cash for…

July 2017: New Credit Scoring Policy to Affect Millions

Beginning on July 1st, the three major credit bureaus, TransUnion, Experian and Equifax, will no longer report tax liens or civil judgments with incomplete information on individuals’ credit reports. These changes, brought on by pressure from consumer advocacy groups and government officials, are designed to improve the accuracy of your credit report and will affect…

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…

How to Remove a Tax Lien from Your Credit Report

How do tax liens affect your credit? Tax liens have serious consequences and not just for your credit. Unpaid tax liens can lead to tax levies – where the government comes in and seizes your property to satisfy your tax debts. This means you could lose your bank accounts, your car, or even your home…

How to Remove a Bankruptcy from Your Credit Report

Did you know that more than 500,000 Americans declare bankruptcy each year? While unfortunate, it’s helpful to know that you are not alone when it comes to dealing with a bankruptcy. Even after your bankruptcy is discharged, there is the aftermath to contend with as well; namely, repairing your credit. With so many people experiencing…

How to Raise Your Credit Scores

Your credit scores affect many important aspects of your life. From the moment you open your first charge account, you enter into the world of credit. Why A Credit Score Is A “Snapshot” Each consumer’s behavior changes over time and when a lender or insurance company makes an inquiry into a person’s risk profile, they…

How to Remove Credit Inquiries from Your Credit Report

How long do hard inquiries stay on your credit report? Inquiries can stay on your credit report for up to 2 years. Each time an inquiry is made, it is recorded by each of the three credit bureaus – Equifax, Experian, and TransUnion. And each time an inquiry is logged, it can potentially affect your…