Category: Credit

Want to Increase your Credit Score By 200 Points? Here’s What You Need to Do

Let’s get this straight - we’re not promising you can increase your score by 200 points with these strategies (especially if you already have a 700 score, that’s impossible!). Still, we’ve put together an extensive...

4 App Alternatives to Self You Need to Know About For Building Credit

Self is a free app that offers small, personal loans to its customers. When the borrower pays back these loans, their credit score goes up. Smartphone apps like Self are a great way for people...

Applying for a New Job With Bad Credit? Here’s What You Need to Know About Employment Background Checks

When interviewing a job candidate, employers oftentimes want to get as much information on them as they can. They want to know that they can count on their employees and that they are the right...

How Many Points Does a Hard Inquiry Affect Credit Score?

A hard inquiry on your credit will likely cause your credit score to drop points. Depending on your current credit situation, you might lose more or fewer points. According to FICO though, you can reasonably...

Credit Tradelines: Everything You Need to Know

What are Credit Tradelines? A credit tradeline is any credit account that shows up on your credit report, such as a credit card account or a student loan. These tradelines can have multiple “authorized users”,...

Does a One-Day-Late Payment Affect My Credit Score?

Missing a monthly payment by one day likely won’t affect your credit score. Late payments on things like loans and credit cards are usually not reported until they have been late for 30 days. If...

Ready To Apply For An Auto Loan? Here’s What You Need to Know About the Experian Auto Score

My first car was a used Jeep whose horn worked 50% of the time and that the dealer couldn’t wait to get rid of owing to its less-than-popular manual transmission. Admittedly—and much to my enduring...

Here’s What You Need to Know About Late Payments And Its Effect on Credit Score

Late payments can stay on your credit score for up to 7 years. Payments can be reported late to the major credit bureaus (TransUnion, Experian, and Equifax) by the lender if payment is made 30...

Here Are the 6 Factors That Impact Your Credit Score the Most

We all know our credit score is important. A good credit score can be the key to buying your first home or purchasing a new car, but exactly what a credit score is, and how...