credit score

Your Credit Score: What Is It and How Can You Improve it?

According to The Big Picture, as of 2010, 25% of Americans had bad credit scores which could be extremely harmful if you’re trying to stay debt-free in this difficult time.  So what is a credit score?  And how can you improve it to ensure you never declined for credit reasons?

What is your Credit Score?
If you want to take out a bank loan, mortgage, a mobile phone contract or even if you want to finance an expensive item, the provider will check your credit score to see whether you’re an acceptable financial candidate for their product. […]

improve your credit score

How We Improved My Realtor’s Credit Score By 100 Points In Two Months

Helping people improve their financial lives is a core function of this blog.  I share the tools that will help you on this blog, but I leave it to you to implement the changes. Over the past few months, I’ve been taking my advice offline and putting them into practice with friends and family.

My realtor is a nice guy, but he is horrible with managing his money.  He had tried buying a car multiple times, only to be declined because of his credit profile.  I felt bad for him, so I decided to help him out.  After only two months his credit score has increased by 110 points dragging him out of the low 500’s and into the respectable 600 level.  How did I do it? Time to share. […]

credit score

Rectify Your Credit Score Through These Proactive Tips

One of the important things to learn about personal finance is how to avoid harmful credit. A good credit score can allow you to save more money and receive better offers on certain assets and items like homes. Bad credit can arise owing to a number of scenarios ranging from unemployment to health issues. In such a situation, repairing of credit should be your topmost priority.

An initial way to start is with an authority in credit fix. In many cases, it may happen that there might be some incorrect entries or duplications. You would be amazed that this fix has worked for a number of people and gave their FICO score a significant boost. […]

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The Worst Credit Score I Have Ever Seen

I’m in the market for a new set of tenants these days.  On Thursday I had the pleasure of meeting two young ladies and their entire family as they came to look at what will be their first apartment.  I sent both girls a link to an electronic background and credit check service that I am now using on all tenants since the last one decided to become a drug dealer.

Once they agreed to the terms and paid the application fee, I was given access to their criminal history and credit check.  While I learned that they were not on the terror watch list, I also learned that they are young, cute, sweet, and broke.  In fact, one of them has the worst credit score that I have ever seen in my life.  I knew that a score under 500 was possible, but I had just never actually seen a score beginning with a 4, especially since it’s attached to a 21 year old.  Let’s refer to her as Ms. Holy-Crap-That’s-A-Horrible-Score. […]

Debt Management - debt situation similar to the Greatest Generation - Keys To A Good Credit Score

New Infographic Explores Generational Differences When It Comes To Debt

The average American carries almost $80,000 in debt and has a credit score of 751 – a number that falls into the “C” range on VantageScore’s A to F grading scale. While these figures alone paint a general impression of the state of personal debt and credit in the United States today, there are considerable differences among Americans of different statuses and backgrounds. For example, even though income isn’t calculated into your credit score, wealthier Americans generally have a greater capacity to pay off their debt and achieve a high rating. […]