How Long Do Things Stay On Your Credit Report?

How Long Do Things Stay On Your Credit Report?

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...
What Does FICO Stand For? What is a FICO Score?

What Does FICO Stand For? What is a FICO Score?

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...
5 Steps to DYI Debt Reduction

5 Steps to DYI Debt Reduction

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...
What Is Credit & Why Is it So Important?

What Is Credit & Why Is it So Important?

What Is Credit & Why Is it So Important? What Is Credit? How it Impacts Your Life Credit – It can be confusing. Creditly can help clear up your questions. Perhaps one of the most misunderstood, and often frustrating things about the consumer credit industry...
Equifax: Credit Reports & Scores Guide

Equifax: Credit Reports & Scores Guide

Equifax: Credit Reports & Scores Guide Company Profile: Equifax® Equifax Inc. (Equifax) is a consumer credit reporting agency in the United States and is considered one of the three largest American credit reporting agencies along with Experian and TransUnion....
TransUnion: Credit Reports & Scores Guide

TransUnion: Credit Reports & Scores Guide

TransUnion: Credit Reports & Scores Guide If you are like most people and have loans or credit cards. Then your debt-handling habits are tracked, collected and put into reports by the three major credit bureaus. Those reports are then used for credit scores,...
How Much Money to Save for an Emergency

How Much Money to Save for an Emergency

How Much Money to Save for an Emergency How Much Money to Save for an Emergency? An emergency fund is a must-have safety net. CNN reported that nearly 25% of American adults did not Save for an emergency whatsoever. Only 29% had the recommended six months of savings...
Who Are the Major Credit Reporting Agencies?

Who Are the Major Credit Reporting Agencies?

Who Are the Major Credit Reporting Agencies? The credit reporting agencies (CRAs), also known as credit bureaus, gather all of your credit information, so it’s wise to be well-informed about their function. Consumer credit history, scores and reports are extremely...
Top Late Payment Secrets Revealed

Top Late Payment Secrets Revealed

Top Late Payment Secrets Revealed Top Late Payment Secrets Revealed. In the complicated world of credit scores there is one fact pretty much everyone assumes is true: Late payments are bad for your credit scores. Negative information like late payments can stay on...
What’s the Difference between Credit Score vs Credit Report?

What’s the Difference between Credit Score vs Credit Report?

What’s the Difference between Credit Score vs Credit Report? Credit Score vs Credit Report. Have you thought about applying for a credit card? Getting a car loan? Renting an apartment? Whether you’re just starting the process or in the middle of it, you’ve probably...
What Is a Soft Credit Check?

What Is a Soft Credit Check?

What Is a Soft Credit Check? With a soft credit check your score won’t suffer. Yes, it’s as easy as that. When someone looks at your credit, either for informational or promotional purposes. Your credit score has a great deal of impact on your life. That’s...
What Is a Hard Inquiry?

What Is a Hard Inquiry?

What Is a Hard Inquiry? Your credit score will drop when a hard inquiries are also known as hard pulls occur.  This happens when a creditor checks your credit for the purpose of giving you a loan or credit card. A soft inquiry, or soft pull, is where you or a company...
Everything You Need to Know to Improve Your Credit History

Everything You Need to Know to Improve Your Credit History

Everything You Need to Know to Improve Your Credit History Improve Your Credit History. Understanding credit is what we do best at Credit.ly. Figuring out how to improve your credit score can feel daunting, mostly because getting those numbers to go up can really be a...
Tips for Improving Your Credit: Your Amount of Debt

Tips for Improving Your Credit: Your Amount of Debt

Tips for Improving Your Credit: Your Amount of Debt A revolving debt is a kind of debt that credit cards typically offer, and it is a pretty simple and straightforward way for a consumer to obtain credit. However, there are some slight complications when you begin to...