Taking a proactive stance regarding the accuracy of your credit report will improve your chances ofgetting a credit card when you do apply. Plus, checking your credit score regularly will help you to stay on track with your financial goals. ...
More and more homeowners are turning to short sales on their homes in order to avoid foreclosure, but a short sale can be almost as damaging to your credit score as a foreclosure. Here's how to avoid kissing your good credit score goodbye when you opt for a short sale.Michael Germanov...
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However, the types of debts you clear out and how you pay them off can cause a permanent drop if you don’t understand the factors impacting your credit score. It is important to understand how they work and continue engaging in good money management, which you can do without taking on ...
Credit scores may drop after paying off debt like loans or credit cards because it can affect scoring factors such as credit utilization and mix of accounts.
But an identity thief can destroy all your hard work. So how do you repair your credit after identity theft? In this guide, we’ll break down the most important factors that impact your credit score (and how to rebuild your credit) if you are a victim of identity theft....
5. Work on boosting your credit score If there’s any factor that inhibits consumers’ ability to borrow cheaply more than the Fed, it’s their personal credit scores. Most of the time, financial companies save the best rate for the so-called “safest” borrowers: those with good-to-excel...
After the presents have been opened and the season comes to an end, address the credit card with the highest balance first. Your credit score is critical to your financial future. Staying on top of payments and ensuring your credit report reflects fiscal responsibility all year long is of utmo...
Your performance may vary slightly day to day within this range, depending on the particular questions on a test and how you feel on that specific date. When reviewing your results, note the distance between your actual and target scores. Did you achieve your goal score, or...
Freezing your credit doesn't affect your score. And when you want to open up a new credit line, you can simply unfreeze your credit temporarily. This is sometimes referred to as a "credit thaw." Freezing and unfreezing your credit at each of the three credit bureaus — Equifax, Experian...