5 Things You Should Know About Deferred Interest
5 Things You Should Know About Deferred Interest Credit Report by Maria Shahid Share Share Email Deferred interest is when no-interest loans or credit cards have some period of zero interest. However, you still owe interest payments if you cannot pay off the balance before the end of the stated time frame. Answering the question […]
Which Type of Credit Score Is Most Used for Auto Loans?
Which Type of Credit Score Is Most Used for Auto Loans? Credit Report by David B. Coulter Share Share Email When shopping for a car, most consumers are well aware that the car dealership will check their credit before moving ahead with a sale. Simply put, the better one’s credit, the lower the rate, and […]
A New Way of Borrowing Money
A New Way of Borrowing Money Understanding Your Credit Score by Maria Shahid Share Share Email The new feature that will revolutionize the lending industry in America Have you ever felt like your credit score is the one thing keeping you from achieving financial freedom? Today, a good credit score is required for most life-changing […]
What Affects Your Credit Score?
What Affects Your Credit Score? Credit Monitoring by David B. Coulter Share Share Email Maintaining a high credit score is essential as it is the determining factor when apply for a loan, mortgage, or credit card. Unless you make all of your purchases with cash, managing your credit score is one of your most important […]
How Does a Cash-Out Refinance Work?
How Does a Cash-Out Refinance Work? Uncategorized by Maria Shahid Share Share Email More than 1.3 million Americans refinanced their homes in the first three months of 2020, marking a seven-year high. There are times in all our lives when we could do with extra cash. From waving a child off to college to finally […]
Stay At Home Spouses May Soon Be Able to Get Credit On Their Own – An Update
Stay At Home Spouses May Soon Be Able to Get Credit On Their Own – An Update Credit Cards by John Ulzheimer Share Share Email Recently the Consumer Financial Protection Bureau (CFPB) announced it will propose changes to the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 and Federal Reserve regulations that critics have […]
Can I Get A Higher FICO Score If I Have A One Percent Debt to Limit Ratio On My Credit Cards?
Can I Get A Higher FICO Score If I Have A One Percent Debt to Limit Ratio On My Credit Cards? Credit Cards by John Ulzheimer Share Share Email “John, I’ve read on the Internet that if you have a 1% debt to credit limit ratio you’ll have a higher FICO score than if you […]
Great Income Means a Great Credit Score, Right?
Great Income Means a Great Credit Score, Right? Credit Report by John Ulzheimer Share Share Email Over the past few weeks I’ve taken to task some of the more stubborn credit myths that simply won’t go away, in part because their authors refuse to acknowledge their mistakes. The most recent blatant inaccuracy being circulated is […]
Why Am I Getting Calls From a Collection Agency?
Why Am I Getting Calls From a Collection Agency? Civil Penalty by John Ulzheimer Share Share Email Q: John, I started getting phone calls last week from a company called “name withheld.” They told me that they’re a collection company and that they are collecting a debt that I owed years ago to a credit […]
How Do Hard Inquiries Affect Your Credit Report?
How Do Hard Inquiries Affect Your Credit Report? Credit for Beginners by David B. Coulter Share Share Email Unless you’re using a credit monitoring service like SmartCredit®, you might only be using your one free credit report a year from each of the three main credit reporting bureaus to stay up to date. Lenders and […]