Can Tradelines Help Your Credit?
Are you new to the tradeline industry? If you are, you are probably wondering how tradelines work. You may even be wondering what a tradeline is. This is normal, but you may be surprised to find out the use of tradelines is more common than you think, and they may even be able to help […]
How Do Individual and Overall Credit Utilization Ratios Differ?
Determining your credit score isn’t a very transparent process. Between the proprietary formulas and confusing jargon, it can get frustrating trying to determine the best ways to raise your score. To help you better understand your score, we’re going to discuss credit utilization (an essential part of your credit score), and breakdown the difference between overall and individual utilization. The Definition of […]
How Much Does Debt Alone Impact Your Credit Score?
There is a lot of confusion in society regarding the amount of debt one carries in relation to one’s credit score. Debt alone won’t impact your credit score as much as your ability to pay it off will. Data shows that most Americans believe having a significant amount of debt will hurt their credit score. […]
What Are the Pros and Cons of a Credit Builder Loan?
Interested in learning how a credit builder loan can help improve your credit score if you’ve lost your job or household income? If you are not yet familiar with credit builder loans, you’re not alone. Here’s a brief guide that the finance team at Coast Tradelines put together to help you understand why they’ve become […]
How Is the VantageScore Different From the FICO Score?
Over the last decade, a popular alternative for determining consumers’ creditworthiness has gained favor with lenders and credit providers. Known as the VantageScore, it’s the result of the three major credit reporting bureaus having decided to create their own proprietary model to provide organizations with another option to the FICO score. Although a growing number […]
The Fascinating Story of How Our Credit Bureaus Came To Be
Three main credit bureaus prepare the credit reports of American citizens, residents and workers. However, what we know as credit bureaus today actually began as small organizations in the 1700s. The modern-day credit bureau model represents an improvement on the old way of credit reporting, which included unethical ways of collecting and sharing people’s personal […]
