How to Buy a Home With Bad Credit

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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When Should You Check Your Credit Report?

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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How Safe is Your High Credit Score?

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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Warning: These Things May Lower Your Credit Score

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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Your Credit Score: How Much Has It Changed?

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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10 Of the Most Common Financial Mistakes You Should Avoid Making

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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