Do you have the basic idea of what a credit score is? Read on for 3 surprising things you may not have known about the scores! Marriage predictor: The Federal Reserve did a study where they watched couples for 15 years to see how their credit scores may have affected
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Boosting your credit score can be done quickly with these 5 actions. Check over your credit report and dispute any errors that you see. Once any errors are corrected, your score should quickly improve. Request a limit increase on a credit card; this will raise the amount of credit available
Continue readingLocation: The place that you live doesn’t have any bearing on your credit score. Even if your hometown statistically has bad credit, all that matters if how you handle your finances. Employment: On some occasions, information about your employment may be on your report depending on what is reported to each bureau.
Continue readingBefore purchasing a home you need to meet with a lender to see about qualifying for a loan. Lenders will use your credit score from your credit report to see if you are a responsible borrower and therefore if you qualify for a loan with them. Credit reports are
Continue readingCredit score upkeep is vital to maintaining a positive financial outlook. There are a few things that can be done to make it easier to keep on top of your credit. Putting a spending alert on your credit cards can let you know when you are approaching using 30% of your
Continue readingTrulia The amount of time it takes to raise your credit score can vary, although many of these tips can affect your score within 30-60 days. Obtain a copy of your credit report and look for errors: The FTC estimates that 1 out of 5 consumers have a mistake on
Continue readingThe first step to improving your credit score is to know what your score is. The three major credit bureaus are required to provide a free copy of your report every year, so go to www.AnnualCreditReport.com to request a free report every 4 months. Correct errors: Go over your report and
Continue readingLocation: The place that you live doesn’t have any bearing on your credit score. Even if your hometown statistically has bad credit, all that matters if how you handle your finances. Employment: On some occasions, information about your employment may be on your report depending on what is reported to each
Continue readingYour credit score plays a large role in the type of financing you will be offered when looking to buy a home. Banks usually decide on the terms of a loan based on the credit score category that you fall in to. It is important to check
Continue readingMonitor your credit: It’s difficult to improve your credit score if you don’t know what it is to begin with. There are many sites that offer a free credit report yearly and other sites provide you with your score from each of the three bureaus as well as daily credit
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