Before you try to obtain a mortgage loan or auto loan, make sure your debt to credit ratio is not affecting your credit score. Financial experts say debt to credit ratio plays a part in how your FICO score is calculated, so it’s important that your ratio is at least 30% or less. It is recommended
For many young people, going off to college is not only your first time living on your own, it’s your first time managing your own finances. Many students use this opportunity to start building up their credit history with their first car loans and credit cards. If you, or your child, are
A credit report is used by lenders to help measure your credit risk level. Lenders use it to judge whether you can repay a loan such as a mortgage, auto loan, personal loan, etc.
Equifax, Experian and TransUnion are the three major credit reporting agencies in the United States. These companies
Credit can be hard to come by these days. Financial institutions take a closer look at a potential borrower’s credit history and their ability to repay a mortgage or car loan. One solution some consumers turn to is getting someone with better credit to cosign the loan or credit card.
We depend on our credit score to help us move forward financially. From cell phone companies to mortgage lenders, our credit score is used to determine how we reliable we are to stay current on payments.
Increasing your credit score is more of a challenge than it is to decrease it, so checking