March 6, 2014
Credit unions help build credit scoreNews from WGCL Atlanta:
ATLANTA (CBS46) -
Credit unions–big bank alternatives–not only provide you with free checking accounts, they also offer tools that will help rebuild your credit score. With programs like…
Credit builder loans. These are typically given in small amounts, like a few hundred to a couple thousand dollars, with low interest rates.
Free credit counseling. This is usually broken up into several sessions that focus [...] Continue Reading…
March 5, 2014
Who to contact when you have credit report errorsNews from WGCL Atlanta:
Do you know who to contact if there’s a problem with your credit report? (Source: CNN)
(CNN) – The numerous security breaches at corporations and universities recently have provided us all enough reasons to check our credit reports, but if this happened to you, would you know who to contact?
AARP said only one in five people regularly check their [...] Continue Reading…
March 2, 2014
Green Bay auto loan resource informs drivers of common credit report errorsNews from Sacramento Bee:
GREEN BAY, Wis., Feb. 28, 2014 — /PRNewswire-iReach/ — Credit heavily impacts a person’s ability to obtain items such as loans, leases and, in some instances, jobs. This is why it has become increasingly more important for a person’s credit report to be accurate and up to date. Because credit reports are often updated by [...] Continue Reading…
February 25, 2014
Is Closing a Credit Card Good or Bad for Your Credit?News from ABC News:
Q: Dear Credit Card Adviser,
I want to set the record straight. I’ve been told that canceling credit cards I no longer use will help my credit score because of the credit limits. I’ve also been told that I should not cancel my credit cards I no longer use because it will help with my credit score [...] Continue Reading…
February 22, 2014
The 5 Critical Things Driving Your Credit ScoreNews from Motley Fool:
Every American knows their credit score is important — but it turns out there are just five things used to calculate it, and two of them account for 65% of the total score.
Why it mattersPut simply, a person’s credit score it is critically important.
Banks and credit card companies use credit scores to decide whether they should or shouldn’t [...] Continue Reading…
February 21, 2014
Don’t Neglect Your Credit ReportNews from Big Country Homepage:According to recent reports, less than 20% of Americans can say they have a perfect credit score of 850. Currently, a rating between 620 and 679 is considered as an average credit score. As the years past, an increasing number of Americans are finding themselves with poor or fair credit. There are a number of factors that could be attributed to, [...] Continue Reading…
10 ways to raise your credit score fastNews from MSN Money:
This post comes from Marilyn Lewis at partner site Money Talks News.
When I was in my early 20s, I was not what you’d call an informed consumer. Not by a long shot. I remember thinking, when I felt far too busy to worry about paying a bill on time, “It won’t matter. It’s not like they’re not going to [...] Continue Reading…
February 20, 2014
Money Talks News: The Fastest Way to Raise a Credit ScoreNews from KGBT-TV:
“As a proprietor of a bowling center, my bowling score is very important. But I have to admit that my credit score is way more important to me than my bowling score.”
If this guy thinks credit scores are that important, it’s got to tell you something.
The most widely used credit score, the FICO score, ranges from 300 [...] Continue Reading…
February 19, 2014
FHA Minimum Credit Score Requirements Drop 40 Points; Guidelines Loosen …News from The Mortgage Reports:Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get free email alerts, or subscribe to the RSS feed in your browser.
It’s getting easier for home buyers to get approved for an FHA-backed home loan.
At least one major lender has announced that it [...] Continue Reading…
Restoring Credit Score After Defaulting on Student LoanNews from Fox Business:
Dear Opening Credits,
I had student loans that were in deferment. I did not know they were no longer deferred. They led me to believe as long as I didn’t have a job, I would be OK. They switched companies, and I started getting letters saying I was 200-plus days behind on payments. I made the missed payments plus extra [...] Continue Reading…