Buying a home is a huge step forward for many consumers. The only problem is that if you have bad credit, getting a mortgage can seem like a distant fantasy instead of a realistic goal. Is it impossible to find a good mortgage offer with poor credit? We don’t think so, and we’ve gathered a…

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Almost everyone by now knows they’re eligible for a free credit report once every 12 months from the 3 major credit bureaus: Equifax, TransUnion, and Experian. What many people don’t realize, however, is when exactly they should check those reports. The quick answer is to check your report with enough time to fix any issues…

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Credit report mistakes are common. Two Federal Trade Commission studies found that almost 15% of consumers have an error on at least one of their credit reports. Don’t lose heart if you find any mistakes; it’s very common and can be solved! There are several ways to approach errors on a credit score. One way…

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Check Your Credit Score Regularly One of the first signs that you’re maturing is when you become concerned about your credit. Good grades are the mark of success in school, and high credit scores are evidence that you’re maintaining financial responsibility. Once you have a high credit rating, however, how safe is your score? Credit…

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Taking the Proper Credit Repair Measures They say that slow and steady wins the race. However, there are some credit repair tactics that can yield benefits quickly. By following these tips, you may start to see your credit score improving. 1. Get Your Credit Report Each of the three major credit bureaus allow you to…

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Credit card debt can feel like an anchor weighing down your chances for financial progress. It can lower your credit score and reduce your options in terms of housing, vehicle purchases, and other items. Paying it down is the first step to true financial freedom and a brighter future. Here are four strategies to help…

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Before you apply for a loan, you should obtain a copy of your credit report. Your credit report shows how each of the three major credit bureaus rate your credit. Since each bureau has its own method of analyzing your financial history, it’s important to look at all three scores. Ultimately, these ratings may play…

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CFPB study reveals impact of one change to credit reporting It may be just a simple three-digit number, but your credit score plays a significant role in determining the interest rate you pay for credit cards, loans, and mortgages. Credit scoring agencies, such as FICO, use information from credit reports to rank consumers by a…

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Credit report mistakes are more common than you think. Federal Trade Commission studies have found that almost 15% of consumers have an error on at least one of their credit reports. Try not to freak out if you find any mistakes; it’s very common and more than likely can be solved! There are several ways…

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1. Missing or Skipping a Payment Timeliness and consistency with loan payments account for 35% of your credit score. This makes missing or skipping payments one of the most important money mistakes to avoid. 2. Late Payments While not as harmful to your credit as missing or skipping a payment altogether, late payments are also…

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