Credit is a way for you to borrow money with the expectation of paying it back. However, when you begin to late on your minimum payment, it can lead to negative impacts.
More than 43 million people in America pay rent, but you wouldn’t know it to look at their credit reports. In fact, most rent and utility payments are not reported to the credit bureaus, which means you may not be getting credit for bills that you regularly pay. Here’s how to add rent and utility …
How to Add Rent and Utilities to Your Credit Report Read More »
You might have heard that bankruptcy gives you a clean financial slate, but that’s not exactly accurate. For those experiencing serious financial distress, bankruptcy can be a way to eventually restart. Depending on your financial situation, you can get rid of debts or restructure them. But this doesn’t give you a clean slate, especially on …
Bankruptcy Stays on Your Credit 10 Years and Other Myths Read More »
This article originally appeared on Credit.com and has been republished with permission. Do you keep a close eye on your personal finances? Or maybe you’ve never given them much thought. Either way, it’s time to start paying more attention to your credit score. Your credit score can control a lot—what loans you qualify for, the …
How Often Can You Check Your Credit Score, and How Do You Get It? Read More »
This article originally appeared on Credit.com and has been republished with permission. Good credit is crucial to unlocking many financial opportunities in life. When you have a great credit score, you can get lower interest rates on car loans, credit cards and mortgages. Some employers and landlords even check credit reports before they make a …