Why is credit important- the basics?

In the most basic explanation, a credit score all the information summarized from your credit reports.  The scores can range from 850 to 300.  The higher the credit score, the better for you and your financial decisions. Many lenders will use the credit score to predict the amount of loan you qualify for and if you will make the payments …

Managing a joint credit account

Joint credit accounts are great for people looking to make bill payment simple or help each other get good credit scores. You can do it with your children, your spouse, your friends, co-workers and other family members.  This is a great way to help build a credit report for people who do not have any credit history. The co-signer and …

How to establish a solid credit history

No one can put an emphasis on how credit is important in making major financial decisions. You need your credit to get a loan, purchase a vehicle among other things. It takes a lot of time and finances to earn high credit scores. People who are new to this or trying to repair their credit will find it hard to …

How to build your credit after a divorce

Divorce is like any major financial decisions, it is very expensive.  It means that you are going from a shared residence to paying for two homes.  This will cost you a lot of money and can be quite difficult if you cannot sell your house or locked in a lease o n the shared residence.  Not to mention that you …

Credit score myths

While there is plenty of information online about credit scores, most people will not pay attention. This explains why there are many people who continue to read and believe in the harmful myths about credit scores. Here are the most common credit score myths you should stay away from Bad credit scores will last forever This is absolutely false. The …