How Long Do Things Stay On Your Credit Report?
Credit takes on a life of it’s own. In many ways, a credit report is a lot like a living thing: It grows and strengthens over time, and when something bad happens, it will eventually heal. The duration of that healing process depends on the severity of the damage. We’ll get into the uncomfortable nitty-gritty in a […]
The Ultimate Mortgage Glossary
The Ultimate Mortgage Glossary. Buying a house is a great way to plant roots, and a first step to financial growth. If you’re looking to buy a home, the first thing you’ll want to do is check your credit, since it’s going to play a huge role in your ability to get a mortgage. The […]
How to Clean Up Your Credit Report
Keeping your credit clean and up to date is one of the most important tasks you can do. If your credit is damages, your future finances will suffer. If You clean your house on a regular basis, and we hope you do, keeping your credit clean needs to be on the to-do list. The truth […]
Top 5 Worst Car Buying Mistakes
Top 5 Worst Car Buying Mistakes. Having a car is a necessity in this day and age. Next to buying a home, buying a car is one of the biggest financial decisions you’ll make in your life, and you’ll likely do it more than once. And when it comes down to how to buy a […]
Payday Loans vs Personal Loans
Payday Loans vs Personal Loans. You need a loan, and now you have options. Payday loans and personal loans may sound alike, but they’re hardly the same thing. For starters, a payday loan operates on a much shorter time frame — it is typically due on your next payday, according to the Consumer Financial Protection Bureau — […]
The truth about Payday Loans
If you’re asking the question, “What is a payday loan,” your not alone. According to the Consumer Financial Protection Bureau, payday loans are short-term, high-cost loans for small amounts. Payday loans certainly aren’t the bargains of the personal finance world, but many people consider these loans an easy fix for short-term cash flow issues. In […]
What Is a VantageScore & Do I Have One?
FICO has a little competition. Introducing VantageScore. VantageScore is a credit scoring model that first emerged in 2006 as a joint venture of the major credit bureaus—Experian, Equifax and TransUnion. VantageScore ratings range from 350 to 800. VantageScore4.0, released in 2017, is the most recent version of the scoring model and contains several updates over VantageScore3.0. For example, medical accounts in collections are no […]
What Does FICO Stand For? What is a FICO Score?
Have you heard of the word “FICO”? This funny-sounding word is more important than you think when it comes to your Credit Score. The FICO credit score is a credit score developed by FICO. A company that specializes in what’s known as “predictive analytics,” which means they take information and analyze it to predict what’s […]
5 Steps to DYI Debt Reduction
DYI Debt Reduction. Everyone has debt, you are not alone. Let’s tackle the debt problem with five easy steps. The most common question that comes up when you find yourself in thousands of dollars of debt is simple — how do I actually reduce my debt? The challenge of debt reduction may seem impossible, but don’t […]
