Beware Tip# 1: When people have faced credit challenges in the past collection accounts are normally on their credit report. When looking to obtain a mortgage, collection accounts will normally need to be paid off (although there are exceptions to this…

Although the confusion of good or bad credit seems impossible to figure out, it is actually quite simple. For example, to get a loan of any kind, a credit card, or anything of the sort, you would need to have a score of approximately 650 or better. Thi…

Bumpage (or b*) is the act of pulling your credit reports over and over in order to delete old inquiries. Basically, the outdated systems used by Equifax, Experian and TransUnion can only hold so many inquiry requests on your credit file. Once the syst…

First of all, yes it’s absolutely critical in today’s world to have credit cards (try renting a car with cash for example). Secondly, your FICO Credit score is based in large part on your credit history- the higher your score the better your mortgage…

There are many factors that can lead you in a bad credit situation. However, in general, it can be said that people who accumulate a huge credit debts and unable to pay those debts will earn bad credit ratings. As a result, if this person tries to obta…

If you were to ask any financial expert whether or not you need to check you credit report, chances are they will tell you it is essential information to check up on at least once a year. The average person, however, has never checked their score and i…