By Andrew from LendEDU – a consumer education website and financial product marketplace. Andrew has learned quite a bit about personal finance while writing and working for a consumer-oriented small business over the past several years. U.S. consumer debt is at an all-time high, with the average American holding 3.7 cards, according to a recent […]
Your credit score is more important than ever today. Employers, landlords, and college admissions offices will look at them as part of their screening process. Many employers will look at them before hiring a new employee. On top of that, of course, banks will base most of their credit decisions and loan approvals heavily on […]
Credit cards can be a great financial tool, or a fast path to financial destruction. Credit cards make it easy to buy almost anything, but always at a much higher cost over the long term. They’re also a fantastic tool to improve your credit history as long as any carried balances stay low and ideally […]
No age is too early to start building credit. If your child is nearing the end of college, there is no better time than the present. Without a solid credit history, even a good job and significant down payment may not be enough for your child to obtain a loan. There are many great ways […]
According to Equifax, a cybersecurity incident potentially impacting approximately 143 million U.S. consumers. Criminal hackers exploited a U.S. website application vulnerability to gain access to certain files. Based on the company’s investigation, the unauthorized access occurred from mid-May through July 2017. The information accessed primarily includes names, Social Security numbers, birth dates, addresses and, in […]
It is important to monitor your credit report at a minimum of once per year. This way, you’ll regularly be able to spot any mistakes that occur on your report that could adversely affect your financial well-being. Use this simple process to locate errors on your credit report and correct them quickly: 1. Go over […]
Most people know that you can access your credit report once per year for free. What is this report all about though and why is it so important? What is a Credit Bureau? A credit bureau is a consumer reporting agency (CRA). They collect facts about how you handle your money, specifically the extension of […]
If you’ve ever had your identity stolen, you know the overwhelming feelings of frustration, fear, and stress bubble to the surface. Here are some direct actions to take immediately after your identity has been stolen in order to re-establish your credit. 1. Obtain a copy of your credit report This will be like a road […]
Maintaining a solid credit rating is vital to the future of your personal financial success. One challenge with credit though, is that it can seem impossible to get offered credit unless you already have established good credit. Starting from scratch with no credit history can make gaining traction in the financial world seem like an […]
The first step to improving anything is to find out where you stand currently. Obtain a copy of your latest credit report. Once you have a position established to work from, you will know where you stand and you can take action to raise your score. There are numerous companies that advertise a “free” credit […]
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