Finance

A lot of things can have a negative effect on a person’s credit score. Among these include late credit card payments, unpaid medical bills or apartment rentals, a really large debt load, and bankruptcy. During the past five years, more and more people have filed for bankruptcy, either because of the lingering recession, or because of personal financial blunders. While ...

A person’s credit report is essentially an ongoing look at his or her personal information, and provides a deeper insight on how well the individual manages his or her finances, and pays their debts. The individual’s financial data is submitted to a credit reporting agency by creditors, debt collection agencies, the courts and other public or federal agencies. Once a ...

A lot of factors can do serious damage to your credit score, and it won’t only be limited to the irresponsible use of a credit card. Other loans and forms of credit also hurt your credit history, and may have serious effects on your financial health. Aside from credit card payments, other loans or bills like unpaid apartment rentals and ...

A credit card is a small plastic, rectangle-sized card which has a magnetic strip that’s connected to a credit account, and allows the owner to buy various goods and services. While owning a credit card offers its benefits, the sad thing is that if you don’t use a credit card responsibly, you could face a soaring mountain of debt, which ...

Bankruptcy can be a very painful time for anyone. However, bankruptcy surely doesn’t mean it’s the end of the world for you. While bankruptcy can have a major effect on your credit score, it won’t mean that you’ll never be able to avail of credit again. While the recovery process may be quite long and stressful, and sometimes you’ll only ...

Credit has been tough to obtain these days, especially with a moribund real estate industry, and a lingering recession that’s continuing to do a lot of damage to investor and consumer confidence. Whether you want to buy a new home or car, or wish to avail of a personal or student loan, it pays to have a good credit score. ...

These are truly distressing financial times. With the mortgage crisis still lingering in the midst, and with interest rates continuing to soar, many are thinking of better ways for keeping their finances afloat during these dark economic times. Here are five surefire tips for keeping your credit afloat during a crisis. Keep Your Credit Score High One of the best ...

A person’s credit score indicates how credit-worthy and financially responsible they really are. A credit report is usually sourced from the nation’s three major credit reporting agencies, which includes Experian, Equifax and TransUnion. However, the big three are not immune to errors and major flaws, and according to credit experts, these three agencies incur error rates ranging from 20 to ...

Whenever you wish to get a loan, you need to know something about your credit score. A credit score is a number that creditors look at to determine your viability to get credit. A bad credit score can keep you from financing your kid’s education, or from buying a new home. Therefore, it’s very important to build a good credit ...

A person’s credit score is an extremely important tool, especially if the individual wishes to apply for a loan, or wants to get insurance. Maintaining a good credit score is crucial for maintaining a sound financial picture, since this allows the person to apply for loans without encountering too much hassle. Here are the 5 major threats to one’s credit ...