Renters get the short end of the stick when it comes to credit scores. Credit scores consider credit card, mortgage, and auto payments but not rental payments. That makes it hard for renters to build credit even if they have been paying rent on time for years. But companies like RentTrack are out to change …
RentTrack Review: Building Credit By Paying Your Rent On Time Read More »
Credit scores are important because they help lenders decide whether you qualify for a loan, a mortgage, or any type of credit. Credit scores also determine what interest rates you will pay. But people with a thin credit history and those recovering after a financial mishap struggle to increase their credit scores. But even if …
Experian Boost – Easy Way To Improve Your Credit Score Read More »
There is nothing more frustrating than getting your credit card application denied despite having excellent credit. Credit scores are not everything when it comes to getting credit. Your income, recent credit applications and late payment, debt to income ratio, and your job history can come in to play. Here are a few common reasons why …
Credit scores are determined by several factors including your on-time payments, credit utilization, and the length of your credit history. They are also impacted by certain inquiries on your credit.. Credit scores are negatively affected by how many “hard pulls” or “hard inquiries” made. Soft inquiries have no impact on your credit. First, let us …
Hard And Soft Credit Inquiries – What You Should Know Read More »
One of the least talked about side hustles is selling tradelines. It’s a quick way to make up to $10,000 a year allowing others to piggyback on your good credit. There is no risk because the authorized users will not be able to spend any of your money or have access to your information. What …
As parents, we spend time helping our kids develop skills to build healthy relationships with friends and family. We also need to help them build a healthy relationship with money. Parents can help kids develop core beliefs about money. It is these core beliefs that drive financial behaviors. Core beliefs include saving money, spending money …
Only 40% of Americans are able to cover an unexpected expense of $1000 according to a Bankrate poll. When an unexpected expense occurs, a majority of Americans put it on a credit card or apply for a loan. Nearly three in 10 Americans have no emergency fund. For even those who have an emergency fund, …
Everyone runs in financial trouble at some point in time. Whether it’s losing a job or an unexpected illness to a loved one, you are forced to raise cash in a short amount of time. Here are some strategies you can use. 1. Tap into emergency savings Hopefully, you have an emergency fund with 3 …
Credit Card Using a credit card is similar to taking a loan. When your credit card was approved, you are given a certain line of credit. The line of credit you receive is based on your credit history, your income, and your risk profile. You can use your credit card for any amount below your …
Credit Card Vs Debit Card – What Are The Pros And Cons? Read More »
