*Bad Credit And Car Loans? These Are 5 Things You Should Know About!

A car is often viewed as a necessity for most people. Reliable transportation is necessary in order to maintain a decent job. Without a job, it is nearly impossible to pay bills and establish credit. Unfortunately, for people with bad credit, it can sometimes be difficult to obtain a loan to buy a car at an affordable rate. However, there are bad credit car loans available for those who need them. Before seeking out a loan, Mark has 5 tips...

*Try These 5 Tips T0 Help Raise Your Credit Score

Credit means everything in today’s world. It affects a person’s ability to buy a car, a home and even insurance rates. With so much emphasis placed on good credit, it is imperative a person knows how to raise your credit score. With a good credit score, which is typically defined as a score above at least 650, moderate interest rates on credit cards and loans are offered. This can save a great deal of money in the long run. These...

*People With Bad Credit Can Have Credit Cards Too

People who have bad rating are likely hoping to rebuild their credit score. There are many different reasons for damaged credit, but there is always a way to rebound. One of the best ways to begin the rebuilding process is to open a new loan line. Fortunately, there are many ways to build your credit. .Although these cards may look good on the surface, it is important to do some investigating before applying for one of these cards or accepting...

What Are Time Barred Debts?

Most people who are struggling with unpaid debts did not arrive in that unpleasant situation intentionally.  Generally it is either a series of bad choices or bad luck that leads to excessive debt problems. There certainly also are individuals who fraudulently open accounts without the intention of repaying their debts, but these criminals are the exception, not the rule. Regardless, whether you arrived in your situation deliberately or due to unfortunate circumstances, defaulted debts can sometimes lead to very distressing...

*Will Paying Collections Increase Your Credit Scores?

Have you set a goal to improve your credit scores? Perhaps you want to apply for a mortgage or purchase a new vehicle in the not-so-distant future. Whatever the motivation, the decision to work toward improving your credit scores is always a smart move. Unfortunately, working to improve your credit scores is not necessarily an easy goal to achieve. Many people simply do not know where to begin. You might, for example, believe that paying off or settling outstanding collection...

What Should I Do If Someone Tries to Open Credit Accounts In My Name?

It seems like practically every week there is a new story about another company that has been the victim of a hacking crime. If you have not already been the victim of a data breach or had your personal identifying information compromised in some other way, it is really only a matter of time. Identity thieves do not discriminate. Everyone is a potential target. Detecting a Problem Unfortunately you might not know that you are a victim of identity theft...

*Which Debts Should You Pay First to Improve Credit Scores?

It’s called prioritization! Whether you received a big tax refund, an inheritance, or a bonus, if you have recently come into a lump sum of money you may be ready to start chipping away at your debt. Of course, if you are like most people then even an unexpected influx of cash probably will not be enough to completely wipe out all the debts you owe. The question therefore becomes, which debts should you tackle first? Multiple Strategies It is...

*Why Does My Paid Off Credit Card Still Show a Balance On My Credit Reports?

Imagine the following scenario…you budget and work hard to pay off your credit card debt because you understand that doing so will save you money and will likely help to improve your credit scores. After months of dedication you finally reach your goal of zero credit card debt. However, when you check your credit reports the next day you are surprised to learn that your credit card account still shows an outstanding balance. Is this a mistake? Why is your...

*3 Strategies for Handling Excessive Credit Card Debt

Whether you built up that pile of credit card debt due to a job loss, an illness, a family emergency, or just plain overspending, you will need to come up with a plan to deal with that debt before it becomes out of control. Credit card debt can be very expensive, but you might not realize that outstanding credit card debt could be damaging your credit scores as well. Even if you make your monthly payments on time, your balances...

Why I Don’t Have a Credit Score?

Only people with zero credit have credit scores of zero, right? This is a common statement, which also happens to be incorrect. “…credit scores of zero…” Who’s that self-proclaimed financial guru who likes to tell everyone that his FICO score is, “zero?” I don’t remember his name, but here’s why he’s wrong. First, there is no such thing in FICO or VantageScore’s credit scoring models as a numeric credit score of zero. FICO’s credit scoring models range from 300 – 850....

*Credit Repair and Debt Consolidation – How They Work Hand and Hand to Restore Your Credit Score

Credit repair doesn’t just involve one solution, but a suite of solutions that work together to cause a deflated credit score to increase. One of the most effective credit repair tools is debt consolidation. The term consolidation refers to the merging of two or more credit accounts to create one account. A consumer can use several methods to achieve this, and they can all be beneficial in raising the person’s score. The following is some information about repair and consolidation...

*How Often Should You Be Checking Your Credit Reports?

“How often should I be checking my credit reports?” We get that question all the time. In truth, there is no one correct answer to this question, though some recommendations are certainly going to be better than others. Let’s explore the different options so that you can determine the right course of action for you.   Never – Worst Option Credit reports can impact everything from your ability to purchase or rent a place to live, to your ability to qualify...