Every single American has to be aware of and manage their credit score. Why? Good credit scores enable borrowers to qualify for competitive interest rates and higher loan balances. However, lower credit scores have the opposite implication. If your credit is suffering, you may have considered looking into a credit repair service. Companies like Ovation …
Healthy credit is one of the most important elements of personal finance. Good and Excellent credit scores enable borrowers to acquire credit at reasonable rates and preferential terms. Unfortunately, credit scores can drop due to financial mismanagement or external factors such as duplicate inquiries or invalid loan information. Thankfully, credit repair companies like The Credit …
Payment history is a key factor in your FICO score calculation. In fact, it accounts for about 35% of your credit score. A single late payment can trigger a significant drop in your credit score, though the impact does fade over time. The late payment will ultimately remain on your credit report for seven years. …
A healthy credit score is crucial to securing affordable financing. When consumers have good credit, interest rates drop, credit limits rise, and financial pressure lessens because debt is affordable. Unfortunately, credit scores can drop and make debt much more expensive and inaccessible. Missed payments, duplicate inquiries, charge-offs, bankruptcies, identity theft, and many other negative items …
The fact that you’re on this page probably means that you are in the midst of trying to improve your credit score and want to understand if you should use Sky Blue to do so. This review will give you everything you need in deciding whether to move forward. Your credit score is one of …
Not sure how to remove collections from your credit report? You’re in the right place. Having a collections account on your credit report damages your credit score and impacts your ability to take on new loans or credit cards. What’s more frustrating is that a collections entry will stay on your credit report even after …
A charge off on your credit report can significantly lower your credit score. Your credit score is a measure of how likely you are to pay back a loan or credit card on time. So if you want to borrow money at some point in your life (and let’s be honest, we all will), it’s …
If you are one of the half million people a year who file for bankruptcy, you’re probably trying to figure out when and how you can get that bankruptcy removed from your credit report. While bankruptcy filings bucked the trend and actually decreased by 29.7% last year (from 775k in 2019 to 544K in 2020), …
If you fail to make timely payments on an auto loan for whatever reason, the lender will take steps to recoup their money. Depending on where you live and your loan terms, the lender might even repossess your car. This presents a double whammy – you not only lose your car, but it will also …
Buying a car, purchasing a home, and qualifying for lower interest rates on loans all have one common denominator; your credit score. If you have a great credit score, you can access the most competitive rates and even preferable preapproval for some loans and credit cards. However, if your credit score is fair or poor, …