If you’ve noticed that your credit score has taken a dip recently, there are different reasons why this may have happened. One of those reasons could be your payment history. If you’re late on a payment, skip a payment or default on a loan all together, those are all reasons that your score can be...
If your credit score has dropped since the last time you looked at it, there are several reasons it may have done so. One of those reasons could be current debts. Here’s what that means… if you borrowed more money for something recently, this could affect your score. When creditors see this, they will be...
If you’re trying to rebuild credit, it can feel like an uphill battle. Ways to improve your credit fast is by getting a secured credit card. This is better than a debit card. A debit card only uses the money that’s already yours to pay for stuff. You’re not borrowing, therefore you’re not being reported...
As if juggling lenders aren’t enough, there are other forces out there that can drop your credit score too. Tax and legal issues. If a creditor has sued you, it can damage your score and thus damage how you look in the eyes of creditors. Also, if you have a tax lien imposed by the...
When you use a debit card, you are not borrowing money. You are simply using your own money to pay for things. The money is coming straight from your bank account. Because you haven’t used credit, it will have no effect on your credit report or your credit score. You can not build credit using...
Credit cards and debit cards are two very different things. A credit card extends you a line of credit while a debit card uses money that you already have. In order to have a credit card, a lender has to approve you. When using your credit card, you are borrowing money. For example, if you...
One of the fastest ways to plummet your credit score is by maxing out your credit cards. When you spend too much, or up to the credit limit, your score is adversely affected. Therefore, light use of your card is recommended. The balance shown on your credit report – which is usually the balance of...
If you’re in college, this is one of the best times to start building your credit. There are credit cards out there that will approve students. The Capital One Quicksilver One Cash Rewards Credit Card is a great card for students. You can earn unlimited 1.5% cash back on every purchase you make every day....
If you have bad credit, one of the best ways to improve it is through a credit card. Some credit cards are hesitant of extending services to customers. But, these credit cards are great. Take a look: The Surge MasterCard Credit Card: This credit card is great for all credit types. They report every month to...
If you’re looking to build your credit, there are credit cards out there specifically designed for that. For instance, the Credit One Bank Unsecured Visa for Rebuilding Credit Card. The annual fee ranges fro $0 – $99 and has cashback rewards for purchases on gas or groceries. Also, there are no deposit requirements, if you...
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