Although consumers with poor credit certainly have access to some types of loans and credit cards, there is no question that having good credit can greatly expand an individual’s range of available financial options. Therefore, if you have credit issues, it behooves you to take some immediate action to improve your standing, and one way you can do this is by undergoing the process of credit repair.
This process involves contacting the three major credit reporting agencies in the United States (Equifax, TransUnion and Experian) and having erroneous or outdated credit information removed from your consumer credit report for the purpose of cleaning up said report and increasing your credit score. Depending on how much time and effort you are willing to devote to the repair, you can choose to either initiate and manage the entire process yourself or employ a professional credit repair company to do that for you.
Sometimes, credit reports seem to play by their own rules. Rest assured, though; credit reports are definitely governed by rules and laws. Understanding this allows you better leverage when it comes to managing not only your credit report but the information contained within. This is particularly true with collections and how they appear on your [...]
In today’s job market it pays to have as much of a competitive edge as possible. When you are up for a job, not only are your education and skills under scrutiny, but your credit is also being reviewed to determine your overall quality and marketability. Therefore, it is critical that you understand what is [...]
Many companies offer credit cards with low introductory rates in order to attract new customers. These cards are ideal for people who are planning a major purchase in the next few months and want to spread the payments out. An introductory rate is usually offered for the initial billing cycle of the credit card. The [...]
For many people, credit cards are kind of like potato chips in that they can’t have just one. This fact inevitably leads to the question of how many credit cards should an individual have? The answer? It depends. What You Do and How You Do It Consider credit cards in the same way that you [...]
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