If you want to raise your credit score, you will need to know the various factors that affect your score. Missing a few payments is a bad thing, as is sending an account to collections. Filing bankruptcy will also hurt your credit. The credit usage that is considered to raise your score includes the number …
Your credit score reflects your ability to pay off debts. It is based on information from several different sources, including your credit card and retail account history, installment loans, finance company accounts, mortgages, and public records, such as bankruptcy, foreclosures, liens, judgments, and wage attachments. Your payment history helps your credit score when you make …
Improving Your Credit Score – How Payment History Affects Your Credit Score Read More »
The payment history that you have made on time will account for about 35% of your total credit score. However, this is only one factor. Learn more about the impact of bankruptcy on your credit score. Impact of bankruptcy on credit score The impact of bankruptcy on credit score is quite variable, depending …
Your credit utilization rate represents the percentage of your available credit that you are currently using. To calculate this number, divide your total credit limit by the amount you owe on each account. For example, if you owe $10,000 on a credit card, but only have $2,500 available on it, your credit utilization rate would …
Parents load money onto their children’s Greenlight debit card. Then, parents can transfer the money instantly into the account of their children. The card is designed to be used only at child-friendly stores. Parents can also receive cash back in some stores by making purchases using the card. This app also helps parents monitor …
Perch is an alternative to traditional credit building methods. It reports your subscription payments and common monthly expenses as creditworthy data to the credit bureaus. As a result, this service can positively affect your credit score. This article will discuss the benefits and drawbacks of using Perch to build your credit. Virtual debit …
Perch Credit – Benefits and Drawbacks [Credit-Building App] Read More »
A Factact Free Disclosure notice will appear on your credit report if you requested a free copy of it. Your credit report is a summary of your accounts, payment history and other information reported to the three credit bureaus. Here is each of their webpages you can use to get yours: TransUnion, Experian, and …
Factact Free Disclosure On Your Credit Report [Explained] Read More »