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Understanding Your Credit

10 Steps to Fixing a Credit Report Error

10 Steps to Fixing a Credit Report Error

Did you spot a mistake on your credit report? Take action immediately. This isn't the sort of thing you should overlook. A single blemish on your credit report can negatively affect your ability to get a loan, apply for a job, and may even be a symptom of potential identity theft. Don't let an error, big or small, derail your financial future. Here are the 10 steps to take today to wipe away false or erroneous information from your credit report. 1. Monitor Your Credit Reports You can't fix...more

The Basics of Credit Scores

The Basics of Credit Scores

When lenders evaluate a credit application, they usually request both your credit report and your credit score, which is a mathematical calculation based on information on your credit report. The score is intended to rate your credit risk, although other factors, such as your income, length of employment, and years resided in your home, are also considered. Credit scores are often referred to as FICO scores, since they are produced from software developed by Fair, Isaac and Company (FICO)....more

Credit Card Relief

Credit Card Relief

Recent economic reports have observed that Americans are reverting to the credit-dependent trends of the eighties. Apparently, the nation's populace hasn't heeded the warnings regarding carrying too much debt. Unfortunately, this statement could be applied to the federal government as well. For families grappling with swollen credit card balances, professional financial advisors offer a three-step strategy for coping with year-end bills and avoiding future troubles. The International...more

Balance Transfer Offers

Balance Transfer Offers

Do you ever see those 0% or 2.99% low rate credit card offers in the mail? Transferring balances can be a very effective cash management tool when used correctly. If you are good at managing resources, it may make sense at times to pay off other secured or unsecured debt at higher rates by using one of these offers. Be honest with your ability and diligence to repay under any new assumptions. If you are not going to abide by the offer terms, don't change anything! Be aware that...more

7 Ways to Boost Your Credit Score

7 Ways to Boost Your Credit Score

By Paula Pant. Trying to buy or rent a home? Looking for your next car? Thinking of enrolling in graduate school?A poor credit score can hurt your chances of success, whether you're looking for private student loans or shopping for your next set of wheels. But if your credit score is already in the 600's or below, there's good news: you can fix bad credit. Credit repair is like losing weight: It doesn't work overnight, but if you're consistent and dedicated, you'll start to see results....more

Credit Check: What's Your Credit Score?

Credit Check: What's Your Credit Score?

By Paula Pant.   Your credit score impacts a lot in your life, from buying a car to buying a house and even, sometimes, to getting a job. (Believe it or not, some employers check your credit report.) You owe it to yourself to know exactly what your credit score is, and how you can go about making it better. Here's a quick rundown of the big things you need to know.   How Your Credit Score Is Calculated   The common FICO credit score model ranges from 300 up to 850. The...more

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