How Credit Bureaus Investigate Disputes

When you have inaccurate items on your credit report, it’s important to dispute them, especially if they’re negative items that lower your score. It’s your responsibility and in your best interest to fix your credit history whenever you see a problem, and there are legal steps you can take to resolve most issues. Sometimes items…

Everything You Need to Know About Your FICO Credit Score

If you’ve ever tried to get a loan or applied for a credit card, you’ve likely heard the term “FICO score” mentioned on more than one occasion. However, if you’re just establishing your credit, or if you’ve never really paid attention to your credit in the past, understanding what the FICO is and what it…

Is Credit Repair Legal? Here are the Facts

For millions of Americans with poor credit, the idea of being able to fix their credit sounds almost too good to be true. You may wonder, “Is credit repair legal?” when you see credit repair companies advertising online or locally. And it’s no wonder – with so many scam artists out there, it can seem…

Does Checking Your Credit Hurt Your Credit Score?

Everyone knows how important your credit score is — from getting approved for a credit card to getting lower interest rates on loans. It’s important to keep your credit score up so you can get the best credit offers. Even if you don’t need to access that credit right now, you should be prepared for…

Why You Should Never Dispute Credit Report Errors Online

Thanks to modern technology, you can do just about anything online, including dealing with errors on your credit report. While it sounds easy to initiate a dispute through the credit reporting agency’s website, it may not be a good idea. In fact, sometimes it is better to use a more traditional approach to ensure complete…

How To Rebuild Your Credit After Bankruptcy

Depending on your personal situation, filing for bankruptcy may be the best option to solve your financial problems. And while both Chapter 7 and Chapter 13 bankruptcy come with major repercussions, they certainly don’t end your ability to get credit for the rest of your life. Even though these items stay on your credit report…

Hidden Credit Builders: How to Add Positive Tradelines to Your Credit Report

Most people focus on removing negative items from their credit reports in order to improve their credit scores. While clearing up damaging items is an effective means of improving your score, you can also improve your credit by adding positive items. Just as negative information can be inaccurately reported, positive information may also have been…

Hard vs. Soft Inquiries: How They Affect Your Credit Score

Hard inquiries constitute an entire section on your credit report, but what exactly do they mean? If performed in excess, they can cause a huge drop in your credit score as well as cause potential lenders to think twice about your loan or credit card application. Find out what causes a hard inquiry and how…

What Is VantageScore 3.0?

While the FICO score remains the most popular credit scoring model in the U.S., the VantageScore model is quickly growing as a favorite amongst lenders. Developed jointly by the three major credit bureaus (Experian, Equifax, and TransUnion), VantageScore was used more than 6 billion times by lenders from mid-2014 to mid-2015. The original version was…

Does Buying a House Affect Your Credit Score?

Whether you’re a first-time homebuyer or have been around the house-buying block a few times, there’s no denying that purchasing a home is a huge financial decision. You’ll most likely have to make some sort of down payment and commit to that monthly mortgage payment for 30 years (unless, of course, you decide to sell…