Browsing Tag

credit history

Debt

Tips For People With Bad Credit

Once your credit score is turned truly terrible and new credit appears to be unlikely, there are a variety of options to consider. First, don’t ever let bad credit get you down. There are millions of consumers who are having the same financial difficulties and struggling to review what options are left. There is always hope for someone who has bad credit and a bad credit score.

Regardless of how bad a credit or debt situation may be, there are always some actions that can be taken. Actions that can increase your credit score or actions that can be taken to simply handle your debt payment problems.

March 8, 2017

Debt

5 Ways For College Students To Improve Their Credit Scores

Most students haven’t thought twice (or even once) about their credit score, mainly because they’ve had no real reason to. But once you start applying for student loans or decide to rent an apartment, your credit rating is suddenly going to become important. Whether you have stellar credit, a spotty history, or no rating at all, it can have an impact on what you’re able to accomplish in terms of getting a line of credit or a lease. So here are just a few ways to improve or build your credit score.

Pay your bills. Even if you have no credit history to speak of, there are other ways for lenders to determine whether or not you’re worthy of receiving a line of credit. For example, they may look at bank accounts to see if you maintain a balance or suffer from frequent overdrafts (showing your money management skills). Or they might look at your history of bill payment. As a new student you may not have any history, but eventually you’ll pay for rent, utilities, and other monthly bills, and creditors can look at these in lieu of a credit score. You can also self-report payments with a company like PRBC (Payment Reporting Builds Credit) as a way to improve your appeal to lenders.

May 5, 2013

Debt

5 Sure-Fire Ways To Improve Your Credit Rating

Millions of consumers have their credit ratings (also called credit scores) damaged during times of financial crisis. Many aren’t even aware of what behaviours can hurt their credit rating. A low credit score can make it difficult, if not impossible to secure a credit card or get a loan. But a low credit score doesn’t have to remain that way, in fact, it is quite easy to raise your credit score back up again. By making a few adjustments to your financial habits and taking a few tried and tested steps, you can have your credit score as good as new in no time. If your credit score is on the high side, you can improve it even more with these 5 sure-fire methods of raining a credit score.

First Find Out What Your Credit Score Is

To improve your credit score you need to know what it is. You can purchase your credit score from one or all of the three major credit reporting agencies – Experian, Equifax, and TransUnion. Don’t get your credit score confused with your credit history. Your credit history is a report of your financial behavior over any given seven year period. It is the events in your credit history that are used to calculate your credit score.

January 17, 2013