Credit Scores Can Make or Break Your Life
Just like you must save for retirement and put away money from each paycheck, you should check your credit regularly. Credit scores are an essential component of your overall financial health and can significantly impact all aspects of your life. Whether or not you agree with the logic, having a high score demonstrates to lenders, […]
Can I Use My Personal Credit Card To Pay for Business Costs?
As a business owner, you have probably heard the advice to keep your personal and business finances separate. This may make sense further down the line, but until you build the business, it may rely on your personal finances to survive. It may not even be eligible for business credit cards. So, is using your […]
Aged Tradelines can Help with Credit
Trying to fix your business credit on your own can be a frustrating task. Good credit can take a while to build and only a few poor choices to destroy. Things like payment history on your business credit cards or the number of trade lines open can negatively impact your business credit profile, and for […]
What Is An Updated Tradeline? It’s Just A Simple Update.
When working on building your credit, any new term can pique your curiosity. So, what is an updated tradeline and how will it affect your credit score? Before delving into what an update is, it’s important to define a tradeline. This is just a credit account in your name or that you are authorized to […]
What Are Fragmented, Mixed or Duplicate Credit Files?
For the most part, credit bureaus do a decent job of ensuring they only have one credit report per person. However, sometimes there are often mixed credit files, duplicate credit files, and fragmented credit files. People tend to use the terms interchangeably but there are some differences. Knowing which one describes your specific credit file […]
Why Monitoring Your Credit Is a Great Way To Boost Your Score
To be clear, simply monitoring credit will not cause your credit score to improve. It provides support for the activities that do boost your credit score. Before you start, it’s important to understand the difference between your credit history and credit score. Your history is aggregate data related to your borrowing tendencies. In contrast, your […]
