This month, make it a point to start improving your credit score. First step, check your credit report, especially if you haven’t checked it in a while. Where to check? The three national credit reporting agencies are a great start. Check Equifax, Experian and TransUnion. They all keep credit reports on consumers. You can obtain...
If there is a delinquency on your credit report, all hope isn’t lost. There are ways to negotiate to get it removed. It may not work with every lender all the time, but it’s definitely worth a try. Call the lender and offer them a certain amount of money to settle the account, provided they...
If debt collectors have been threatening you, don’t worry. To get into your bank account, the creditor must get a court order. That means the creditor must sue you, take you to court and win. After a judgment enters against you, a creditor can have access to your bank account. If you owe the federal...
Do you want to pay down your debt fast without going broke? Here are two strategies to try: •Debt avalanche: Here’s how the debt avalanche strategy work: You pick the debt with the highest interest rate and pay that one off first. From there, you work your way down to the next highest interest rate...
A personal loan with a set payoff period is a great option to choose if you want to consolidate debt and there are many great deals out there, if you’re willing to shop around. Benefits include: •One monthly payment •A set interest rate •You don’t need a perfect credit score During this process, it’s best...
So, you want a credit card. Have you ever asked yourself, why? Knowing the answer to this question will determine the kind of credit card you should get. For instance, are you looking to earn rewards? If so, you should look for credit cards that offer great reward points. Do you need extra money? If...
In order to have a credit score, you must have activity on your credit report. If there is no activity on your report, you cannot get a score. That’s why it’s important to have some type of activity every month. Activity does not mean you need to go into debt. You can make a small...
Here’s a great strategy to follow for using a secured credit card to build credit. Use it and your score will start to see an increase in about 6 months. 1 – Use the card every month for a very small amount like $10 or $20. 2 – Pay the balance in full and on...
There are plenty of ways to build your credit score: #1 – Get a secured credit card Getting a secured credit card is a simple way to start building your credit history. This card can help prove to lenders you can be responsible without a lender having to take much risk. #2 – Get a...
Sometimes a collection agency will agree to a pay for delete. This is also known as pay for removal and it is when a collection agency agrees to allow you to pay some or the entire amount owed and in exchange, the collection agency will delete the collection account from your reports. You’ll want to...
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