Credit Scores

Lenders and other third parties judge your creditworthiness based on many factors and one of them is the inquiries that are on your report. Inquiries allow them to see when and where you’ve searched for credit in the past. There are two kinds of credit inquiries they can look at: hard inquiries and soft inquiries....

There are two kinds of inquiries that can happen on your credit report.  They are hard inquiries and soft inquiries. In part 1 of Difference Between Hard Credit Inquiries and Small Credit Inquiries, we covered what hard inquiries are. In part 2, we will cover soft inquiries. What is a soft inquiry? These types of...

Credit inquiries allow lenders and other third parties to see when and where you’ve searched for credit in the past. Two kinds of inquiries that can happen on your credit report are hard inquiries and soft inquiries. Even though lenders can see both kinds of inquiries, hard inquiries can negatively affect your credit score. What...

If you’re looking for a great rate on a loan, you may be worried that too many hits may drop your score. Although too many credit inquiries can damage your credit score, there are ways to prepare yourself for the best possible outcome so that your score doesn’t have to suffer greatly. The first best...

When you’re shopping around for credit whether it’s for a new auto loan, mortgage or credit card, the level of damage it does to your credit report will vary. The level and extent of damage will depend on what kind of loan you’re trying to get and the model you’re getting your score from. For...

If your credit is in good condition, you can enjoy many benefits such as… Low interest rates Low down payments And, favorable credit terms. Depending on how good your score is you can potentially save a lot of money. But, when you’re ready for the best deal on a mortgage or auto loan, you have...

In part 1 and part 2 of The Non-Credit-Card Way Of Rebuilding Your Credit Score, we shared ways you can start to rebuild your credit report without using a credit card. They included: opening a bank account, getting a small loan, reporting your rent and adding a household bill to your name. Here are other...

When you’re trying to rebuild your credit, there are multiple ways of doing it without relying on a credit card. In part 1, we discussed reporting your rent, and placing household bills in your name. In part 2 we cover three other ways to increase favorability on your credit report. Open a bank account. Although...

If you’re on a mission to rebuild your credit, you can do so without relying on credit cards. Here are a few ways that you can start implementing right away: Report your rent. The 3 big bureaus Transunion, Equifax, and Experian now accept rent payments on your credit report. You will need to use a...

Have you ever seen something incorrect on your credit report that was hard to get resolved? For many years, consumers have struggled to correct erroneous information on their credit report because of all the red tape put into place by the credit reporting bureaus. But, there is good news. New policies have been put into...