When I first turned 18, applying for new credit was tough. My credit score was barely a 600 and no one (and I MEAN NO ONE) would give me an approval for my first credit card. I even tried getting a new car loan to buy a cheap Honda Civic DX; I was not approved. In the rejection letter, it said I needed to have a credit score of at least a 600 to qualify. The problem was … [Read more...] about How I Got A 700 Credit Score By Age 21
Why do you need good credit? The answer to this is a simple one. You need good credit not just for fantastic financial opportunities in life, but for a high self-worth as well. I'm going to elaborate more on this below, and the benefits of why having good credit is so important! Why Do You Need Good Credit? Having a stellar payment history and a good credit score above … [Read more...] about Why You Need Good Credit And The Life Benefits Of It!
Why should you care about checking your credit report for errors? Or know about how to dispute credit report errors when you find them? Because having good credit makes it easy to rent an apartment, buy a new home, or get a new car loan. But when an error is made on your credit report and you don't know about it, it can be a big let down and stressful situation. I recently … [Read more...] about How To Check Your Credit Report/Score and Dispute Errors
In this article, we're going to discuss what a “Goodwill Adjustment Letter” is and how it will help you to negotiate the removal of late payments from your credit report. A Goodwill letter is a written explanation to your creditor for negotiating the removal of a late payment on a delinquent credit account. It can be used for your student loan, mortgage, credit cards, a line … [Read more...] about How To Create A Goodwill Adjustment Letter [sample letter template]
Tradelines can be a great way to leverage other peoples good credit to build your own credit. Below we'll discuss the details of how this works and why for some it's one of the best ways to build credit fast. But, for many, you might find yourself involved in a legal mess or worse, a credit building scam! Before proceeding, read my disclaimer below. Disclaimer: You … [Read more...] about What Are Credit Tradelines? My Thoughts About Them
We've all been there before; you get denied on a credit application because you don't have enough credit history. Or worse, you have too many bad marks on your credit report such as missed payments or written off accounts (which will eventually roll over to a collections agency.) A common problem I hear about the most happens when a collections agency picks up a charged off … [Read more...] about Why Does The Credit Repair Industry Exist?
Late payments can be reported on your credit report for all types of credit accounts. The most popular being Credit Cards, Personal & Auto Loans, Mortgages, and Student Loans. Normally, you find out about late payments because you were turned down on a loan application or you get a nasty letter from a lender or collections agency. Sometimes, the lender and collections … [Read more...] about How To EASILY Remove Late Payments From Your Credit Report