Debt ratio is the difference between the amount of debt you have charged versus the amount of money the credit card has authorized for you to use, or your credit limit. The difference is your debt ratio. This can also be referred to as revolving (credit card) credit you have...
A credit score may sometimes seem like an arbitrary number calculated by an invisible credit agency with no real bearing on your life. However, bad credit can cost you real money. To get an idea of just how much money you can lose due to bad credit, take a look...
You could add up to 100 points with these tips: 1. Pay Bills on Time No strategy to improve your credit will be effective if you pay late. Why? Payment history is the single biggest factor that affects credit scores, and late payments can stay on your credit reports for...
Credit scores estimate your likelihood of repaying new debt. A credit score is a three-digit number, usually on a scale of 300 to 850, that estimates how likely you are to repay borrowed money and pay bills. Credit-scoring companies plug information from your credit reports into mathematical formulas that produce...
Contrary to what the credit bureaus would like you to believe, credit repair does work and can work for 100% of people in most circumstances. This is, of course, provided you are getting the best advice and have an experienced professional working on your case.Anyone with a credit score below...
Preventing Identity Theft Identity theft happens when someone utilizes your personal information as a means of impersonation, without your permission, and for their personal gain; this extends to any fraudulent use of your name, Social Security Number, birth date, legal documents, etc. Anyone impersonating you could potentially drain your bank/investment...
Here are some things you should know about and consider when dealing with your credit score: Surveying your Payment History: Credit reports hold everything from transactions to whether or not you’ve paid your bills on time, so keeping an eye on it is essential to keeping your credit score high and...
