Category Archives: Credit Repair
Credit Limit Increases: A Credit Score Quick Fix or Just More Debt
If you have a credit card, even if the credit limit is low, you are on your way to major creditworthiness. It is often possible to increase the credit limit on your credit card without opening a whole new account and getting a new card. Making at least the minimum payment toward your credit… Read More »
Chasing The Elusive Dream Of Creditworthiness
The credit reporting system currently is supposed to be fair. The Fair Credit Reporting Act of 1970 went into effect in order to prevent subjective decisions by lenders about which borrowers to approve for loans and how much to charge them to borrow money. Before the days of the Fair Credit Reporting Act, creditors… Read More »
How Are FICO Credit Scores Different From VantageScore?
Sometimes it seems like the credit reporting system is designed to make it difficult for people who do not have generational wealth to build their creditworthiness. Only certain types of financial obligations factor into consumers’ FICO credit scores, and these tend to be types of financial obligations only accessible to middle class and upper-class… Read More »
How To Buy A Car When You’re Broke And Your Credit Score Is Terrible
These days, everyone is living paycheck to paycheck, and in South Florida, the only way to get to your job and your gigs is with a car. The financially prudent thing to do is to drive your old car until it will no longer budge. Of course, you are probably already doing that, which… Read More »
Credit Reports Show Fewer Debts In Collections, Helping Consumers Improve Their Creditworthiness
The three years since the COVID-19 pandemic have brought an onslaught of fear, not only existential dread about our own mortality and about the fragility of the natural ecosystem and of political institutions, but also more mundane worries about whether we can pay our bills this month while keeping up with the minimum payments… Read More »
If Only Buy Now Pay Later Helped Your Credit Score
They say that necessity is the mother of invention, and the financial hardships brought on by the COVID-19 pandemic and its aftermath have led consumers and businesses to get creative with ways to stay financially solvent. Buy Now Pay Later (BNPL) services have increased their popularity exponentially over the past several years. BNPL allows… Read More »
Repairing Your Credit After A Military Scam
In the long term, joining the military is a wise financial investment. When you retire from a military career, you have access to a pension, but you are also young and healthy enough to look forward to a long professional career as a civilian, and your experiences in the Armed Forces will have enabled… Read More »
What Is The Difference Between Co-Signing And Adding An Authorized User?
Many consumers consider it a priority to improve their credit scores, since this enables them to qualify for loans and increase the credit limit on their credit cards. Credit repair companies offer to use a variety of tactics to boost your credit score quickly. If they are only using legitimate means, then all of… Read More »
Consumer Financial Protection Bureau Urges Credit Reporting Agencies To Fix Errors On Consumers’ Credit Reports Promptly
Anyone who has been in debt for a while, which is almost everyone two-and-a-half years after the COVID-19 pandemic first arrived in Florida, has seen advertisements by companies that promise to improve your credit score quickly for a price. While some of these are outright scams, others can genuinely give your credit score a… Read More »
Credit Karma Agrees To $3 Million Settlement Over Deceptive “Pre-Approved” Credit Card Offers
It isn’t just your imagination that a big part of your debt problem is not due to lack of discipline over your spending or to you not working hard enough but to policies that make it difficult for all except the wealthiest of working people to access affordable financial products. You might be doing… Read More »