Mortgages: From Pre-Approval to Clear to Close

Buying a home can be an exciting and fulfilling goal to achieve, especially if you have fought to overcome credit issues in order to be…

Mixed Credit Files

The credit bureaus get a bad rap, and often deservedly so. After all, when the credit bureaus make mistakes on credit reports the consequences can be quite serious. These serious consequences are not experienced by the credit bureaus themselves, of course. Instead it is you, the consumer, who pays the price for credit reporting inaccuracies. […]

Credit Bureaus: Their Purpose and How They Profit

There are 3 major credit bureaus in the United States known as Equifax, TransUnion, and Experian. The credit bureaus are also referred to as credit reporting agencies or CRAs for short. Contrary to a popular myth, the credit bureaus are not owned by the government. They are instead are for-profit, publicly-traded companies. Understanding who the […]

Universal Default

Credit cards represent a wonderful tool to help you build good credit, but only when they are used properly. Improperly managed credit cards can actually lead to a lot of credit and financial problems including lower credit scores and out-of-control, stressful debt. For this reason our team of credit professionals recommends that you keep your […]

How Many Credit Cards Are Too Many?

If you are looking for credit advice online or in your favorite eBook store you are likely to come across a lot of different opinions. Some credit advice will probably be very similar across the board, such as the fact that no one thinks it is a good idea to make late payments on your […]

Does Credit Matter If I’m Not Applying for a Loan?

Does Credit Matter If I’m Not Applying for a Loan? “Why do I need to worry about my credit if I am not planning to apply for a loan?” The previous question represents a growing sentiment amongst consumers – the idea that living a life unaffected by credit is not only possible, but something for […]

How Your Credit Reports Could Change Drastically On July 1st

Equifax, TransUnion, and Experian have announced some huge changes in their credit reporting policies which will be introduced on July 1, 2017. The 3 major credit reporting agencies (CRAs) will soon be removing the vast majority of tax liens and about half of the judgments from the credit reports of American consumers in just a […]

Trended Data

If you have never heard of the term “trended data” before, then you need to pay close attention to this article. This somewhat recent addition (relatively speaking) to your credit reports could have a noteworthy influence over your credit scores and, by extension, your ability to qualify for loans and credit cards in the future. […]

Prescreened Credit Card Offers and Your Credit

Prescreened Credit Card Offers and Your Credit Your credit is probably used for a lot more purposes than you realize. You likely are well aware that lenders generally check your credit reports and scores whenever you apply for a loan or new credit card account. Credit reports (not scores) are routinely used by employers whenever […]

Why Current Creditors Check Your Credit

Why Current Creditors Check Your Credit The accounts on your credit reports for the most part are firmly divided into two categories – installment debt and revolving debt. Yes, there may be some items on your credit reports which fall outside of these two categories such as judgments, tax liens, collection accounts, etc. Still, for […]