Category Archives: Credit Repair
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 »
Can Second Chance Credit Cards Help You Rebuild Your Credit?
Filing for bankruptcy can lower your credit score, but not everyone who has trouble qualifying for credit cards has a history of bankruptcy filings. The more common problem is that it is hard to get started building your credit, especially in an economy where most people who work full-time live paycheck to paycheck. To… Read More »
Second Chance Banking Can Help You Rebuild Your Finances
Your credit card has a low credit limit? Your auto loan has a high interest rate? Your credit score hasn’t budged even though you have been making payments on time, even though you have been making all the payments on your buy now pay later (BNPL) purchases for more than a year? Those all… Read More »
3 Hard Truths About Credit Repair
Numbers are convenient for setting goals. Perhaps you want the scale to read a certain number by this time next year, you want to walk a certain number of steps each day, or you want to save a certain amount of money in an emergency fund. Those numbers don’t tell the whole story, though. … Read More »
Does Your Income Affect Your Credit Score?
Credit scores are stubborn and enigmatic things. As soon as you miss a payment on a credit card or buy now pay later (BNPL) installment plan, your credit score gets lower. Meanwhile, when you have been paying your rent, utilities, and BNPL payments on time, your credit score does not budge? This can only… Read More »
The Perils Of Renting An Apartment When Your Credit Score Is Low
These days, complaining about how your credit score does not enable you to qualify for a mortgage loan sounds like a humblebrag. If your credit score is high enough to pass muster with the landlords of reputable rental properties, then you are in a better financial position than most people. A low credit score… Read More »
Can You Boost Your Credit Score By Paying Your Utility Bills On Time?
Watching your debts get bigger every month, even though you spend every waking moment on work and gigs is incredibly stressful and frustrating, but just breaking even each month brings its own kind of discouragement. Just barely being able to pay your bills each month is a lot better than not being able to… Read More »
What Is The Difference Between Credit Counseling And Credit Repair?
Improving your credit score and paying down your debts go together, but they are two separate personal finance goals. Some people are trying to improve their credit scores so they can get out of debt, while others are trying to pay down their debts in order to improve their credit scores. In the latter… Read More »
Freezing And Unfreezing Your Credit Report
Monitoring your credit score can be stressful, especially if it is getting lower, or if it is not increasing as quickly as you would hope. Even worse, requesting credit reports too frequently can adversely affect your credit score, so the best-case scenario is just to live with the uncertainty of only finding out whether… Read More »
Good News About Medical Debt And Credit Reports
Paying down debt feels great, but it is discouraging when, after you make the last payment on your payment plan from your emergency room visit, your application for a car loan still gets denied? Most debts stay on your credit report for seven years, even if you were just a little bit late paying… Read More »