What's the best way to build credit? The secret to building and keeping a high credit score is done by forming good habits when it comes to managing your credit and overall finances. A lot of people think that just using credit cards (or loans) and paying them off every month is all that is required for having and building good credit. The truth is this! It's a good start, … [Read more...] about 5 Lessons For Building & Keeping A High Credit Score
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
When I first turned 18, getting new credit was tough. 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 1999 Honda Civic DX; I was not approved. (I really needed that car too, my existing Honda Prelude from 1988 had almost 199,000 miles, and I thought the transmission was going to fall … [Read more...] about My Story: How I Got A 720 Credit Score By The Age Of 21
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
Opening a new Credit Card, Revolving Line of Credit or a Fixed Loan is one of the easiest ways you can rebuild or establish new credit for yourself. Doing so allows you to build up a history of payments on your credit report, which will help you to build up a high credit score. In this article, we're going to review some KEY differences between the options that are available … [Read more...] about Credit Cards & Fixed Loans Can Build Up Your Credit Score!
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