Achieving and maintaining a good credit score will enable you to fund the major purchases that you’ve been dreaming about. Here are just some of the doors that having a positive credit history will open for you. More confidence in obtaining a loan Granted, financial institutions take more than just your credit score into account […]
Which Debt Should You Pay Off First?
Between credit cards, student loans, car loans and mortgages, you’re probably carrying some debt. On the surface, managing your debt can seem relatively easy — just make minimum payments. However, if you’d like to pay down your debts, you have some choices to make. Namely, which debt should you prioritize? Here’s a look at the […]
Buying a House with Little or No Credit
As with any major purchase that requires a line of credit, the process of buying a home starts with your credit score; the better it is, the better your chances of being approved for a loan. But what happens if you have little or no credit history, as is the case with many first-time homebuyers? […]
Tips for Building Your Credit Score
There’s a certain three-digit number that can make all the difference between being denied or approved for credit, and whether you’ll receive a low or high interest rate. That number is called a credit score, and it’s derived from your payment history, accounts owed, length of credit history, types of credit used and other factors. […]
The Relationship Between Your Credit Score and a Mortgage Loan
Most of us, if not all, strive to have the highest credit score possible to help us qualify easier for auto, personal, and/or mortgage loans. How does one do this? Paying one’s bills on time, using a credit card moderately and paying it off in full each month, and basically not spending more than […]