Noticias de la industria crediticia

Has a loved one ever asked you to do a big favor? If you are like a lot of people then you probably want to do anything within your power to help out the people who are important to you. Co-signing, however, is much more than just a simple favor. Instead co-signing is a ticking time bomb just waiting to destroy your credit scores and to cause you potentially serious financial problems.

Sus informes crediticios tienen una gran influencia en muchos aspectos de su vida. El estado de su crédito puede determinar dónde vive, cuánto paga por su vivienda, su capacidad para calificar para un préstamo de auto, sus primas de seguro e incluso su carrera profesional. Los legisladores también comprenden la importancia de su crédito. Por ello, la Ley de Informes Crediticios Justos (FCRA) se creó para protegerlo de prácticas injustas en los informes crediticios.

Ha llegado esa época del año, la época en la que un montón de documentos fiscales empiezan a llegar a tu buzón. Puedes recibir un formulario W-2 de tu empleador, declaraciones de contribuciones caritativas para deducciones fiscales e incluso declaraciones de intereses hipotecarios si eres propietario de una vivienda. Sin embargo, hay otro formulario fiscal mucho menos deseable que también llegará a los buzones de millones de personas este año: el 1099-C.

Credit cards, as we have already covered in parts 1-4 of our Tarjetas de crédito 101 series, are extremely powerful tools which you can put to work for you on your journey toward better credit. Yet not only do credit cards have great credit building potential (assuming you manage the accounts properly), but they also feature some other great benefits as well. For example, you may not realize it but your credit cards represent the safest and most secure form of payment you carry in your wallet.

Your credit scores can exert a tremendous amount of influence over your financial wellbeing, in some instances even more than your income. Don’t believe me? Just ask anyone with a great job who has ever been turned down for a mortgage application due to bad credit. People with great incomes and bad credit get denied for financing every single day. You probably already know that achieving good credit is important. You are smart enough to be reading this article after all. Yet

Bienvenidos de nuevo a la parte 4 de nuestro Tarjetas de crédito 101 Serie. Ya hemos explicado en profundidad cómo el uso correcto de las tarjetas de crédito puede ayudarle a empezar a construir su historial crediticio desde cero o a reconstruir informes crediticios previamente dañados. Las tarjetas de crédito por sí solas no son la solución definitiva para sus problemas de crédito, por supuesto, pero pueden ser un componente importante de su plan general de restauración de crédito. En lo que respecta a las tarjetas de crédito, un método que a menudo se pasa por alto para mejorar el crédito es... estrategia de usuario autorizadoAquí profundizamos en cómo funciona la estrategia del usuario autorizado y cómo puedes beneficiarte enormemente al pedirle un favor a un ser querido.

No one likes to feel judged, but that is exactly what your credit reports and scores are designed for – to help others judge you. Specifically, your credit is routinely relied upon by many different businesses in many different industries to judge whether or not they wish to do business with you.

Credit cards have the ability to make or break your credit scores. In Part 1 of our Tarjetas de crédito 101 series we have already covered just how important it is that you keep your credit card balances paid off monthly. Credit card debt has the ability to harm your credit scores even if you make all of your monthly payments on time. Yet credit cards are not nefarious either. It is ultimately up to you whether your credit card accounts will help or hurt your credit and finances. In fact, by never revolving a balance from month to month you can turn your credit cards into powerful, credit building tools.

When it comes to credit cards you will find a variety of advice and opinions, often very strong ones. At some point in your life you have probably even had someone you respect tell you that credit cards are dangerous and should be avoided entirely. However, before you believe the “credit cards are dangerous” advice you received from your uncle, your best friend, or even your favorite financial guru you should take…

Tis’ the season for family, friends, food, and fun. Unfortunately the holidays are also a time for extra expenses and very often for overspending as well. Many people start the holidays out with the best of intentions when it comes to their finances. Perhaps you even began with a budget or spending limit to make sure you did not overextend yourself once again this year. However, before you give into the pressure and start making excuses to spend money you cannot afford to spend, consider the following.