Keep Watch Against Tradeline Myths
Good credit is essential for those who want the better things in life, such as a home or a new car. If you are one of many with less-than-stellar credit, you may still be able to buy these things, but at a higher price because you’ll have to pay a higher interest rate. For some […]
Use These Tips To Increase Your Credit Limit
Many people are unaware of the many benefits they can get from one simple task: increasing their credit limit. A higher credit limit equals more spending power, which may or may not be a good thing. It also means that the increase in available credit lowers what you currently use in comparison. This decreases your […]
What Does a Derogatory Item on Your Credit Report Mean?
If your credit history is less than perfect, you’ve probably spent a lot of time researching how to repair it. During your research, you may have come across the term “derogatory item” in reference to your credit report. What exactly does this mean and how does it affect your credit score? In its simplest form, […]
What is Credit Piggybacking?
There are many who have struggled with a poor credit score at some point. If you are one of them, you know how frustrating it can be to have that score stand in the way of a new car or home. Along with clearing up any errors or outdated information on your credit report, consumers […]
Your Guide to Collection Accounts on Your Credit Report
Your credit profile is composed of both your credit report and your credit score. Lenders analyze your credit profile to determine your creditworthiness and to decide whether or not to lend money or extend a credit line to you. Your credit profile also helps determine what type of rates and terms you’ll receive if you […]
Are Closed Accounts Bad for Your Credit?
Your credit report includes an assessment of your credit history. Previous spending and repayment habits help credit bureaus assign you a score that reflects your reliability to banks and other companies. But how do closed accounts figure into this? What Is a Closed Account? Credit card accounts that have been closed show up on your […]
