Loan Default – An Ultimate Guide 2022 Loan default occurs when a borrower fails to repay the loans as promised. Statistics of the lending tree say that more than 20 million Americans owe personal loans that collectively amount to $178 million. Out of these borrowers, there may be a high possibility of a few failing […]
There is a lot of confusion amongst consumers about credit scores and how they actually work. A common question which many consumers wonder about is why they have 3 different credit scores from the 3 different credit bureaus. Should your scores from Equifax, TransUnion, and Experian not all be exactly the same?
When it comes to maintaining a good credit rating paying your bills on time is a must. However, what happens when a simple mistake is made and you forget to send in a payment by the due date? What if a financial emergency arises and you have to wait until the following pay day to take care of a monthly bill? Will your overlooked or postponed payment undo all of your hard work and trash your credit scores?
Is Credit Repair Legal? – Super Guide in 2022 Credit repair legality could be the most discussed topic. People who hardly find time will go for a credit repair service. According to the last survey conducted by the Federal Trade Commission in 2020, there were 458,297 reports of credit fraud. So people prefer a standard […]
4 Interesting Benefits of Credit Freeze Credit Freeze secures your credit scores from identity theft. Data digitalization has a few drawbacks as well. Ever thought of getting stuck in identity theft? What if people use your identity to secure loans and enjoy the benefits? Here is a solution that can help you ensure the safety […]
Fair Credit Reporting Act – 6 Things To Know Credit reports can often be the source of a lot of stress. The previous statement is especially true if you are currently battling bad credit or if there are errors on your credit reports. Even if the credit problems you are facing are not your fault, […]
Worried about your current credit situation? Concerned that you’re going to be doomed for the rest of your life because of mistakes you made in the recent past? Don’t be. Know how far back does credit reports go? Your credit report simply serves as a useful guide for lenders to understand what kind of debt history […]
5 Unusual Things Affect Credit Score We all know that your credit score goes down when you’re generally irresponsible with debt. But even if you’re as responsible as you can be, your credit score could take a hit! Here are 5 unusual things that affect credit score. Thing 1: Forgotten credit cards affect credit score! […]
Debt Consolidation – The Truths and Myths A debt statistics survey says that nearly 80% of Americans have Debt. People share information at incredible speeds without knowing its authenticity and unknowingly spread false information to people around them, and the same is true for the concept of Debt Consolidation. This article focuses on how to differentiate […]
New Credit Without a Credit History – 3 Ways If you’re just getting started on your financial journey, one of the most important things you will need to know is how to establish new credit without a credit history. This is also called ‘building credit’. However, it helps to understand what credit is, why you […]
