Do you really need credit? Yes, there are many people who run into credit issues and immediately close the door on getting additional credit for fear of falling back into the credit abyss. Unfortunately, you STILL need the best credit score possible for access to the things that you need and that means having “credit”. [...]
Not all debt is created equal – and not all debt is bad. In fact, you need some debt to establish a good credit rating. Being a responsible borrower means knowing which types of debt can help you reach your financial goals and which types leave you further behind. So how do you distinguish between [...]
Why a Secured Credit Card? A secured credit card is a good choice for someone who needs to establish or reestablish credit. To get a mortgage you need to have established credit. When you have a credit card, the credit card company reports your credit repayment history to the credit bureaus which creates your credit [...]
You may know someone who appears to be doing everything correctly from a financial perspective, but they still can’t qualify for a mortgage. It might be because that person does not use credit, or only has one of two credit accounts, or maybe it is because they are new to credit and have not had [...]
So what is a credit score? It exists even though some of us wish that it didn’t. Don’t worry though, like all things, your credit score can be fixed or improved – it just takes some time and some dedication to making it happen. Let’s take a look at how your credit score affects you.. [...]
