Credit

  • Establish Credit With No Credit History

    How to Establish Credit With No Credit History

    I wish I could tell you how credit is unnecessary. However, much of living in our society requires credit. Until that changes, you’ll need credit and this article will show you how to establish credit when you have no credit history. If you’re just starting your financial journey and have no credit history, building credit can seem challenging. However, establishing…

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  • Credit Terms You Must Know

    Important Credit Terms You Must Know

    Understanding credit can be daunting because of all the jargon used. To help you on your wellness journey, you must know these key credit terms for better credit health. 1. Credit Score Your credit score is a numerical representation of your creditworthiness, typically 300 to 850. It’s based on information from your credit report and helps lenders assess the risk…

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  • Manage Credit Responsibly

    How to Manage Credit Responsibly

    Managing credit responsibly is crucial for financial well-being and achieving long-term financial goals. According to the Federal Reserve, 44% of the U.S. population does not have $400 saved to cover an emergency. That means an unexpected $400 emergency “expense would be more challenging to handle” and not to mention stressful if “they either could not pay the expense or would…

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  • Credit Report Terms

    Credit Report Terms and Questions You Must Know

    Credit reports and credit scores are among the most well-known but still mysterious aspects of personal finance. There are millions of articles and resources on the Internet that help people understand credit, yet many are still left confused. I can’t blame them because there often seems to be contradicting information from one website to another. In this article, you’ll learn…

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  • Credit Score Myths Debunked

    28 Credit Score Myths Debunked and Explained

    There are many credit score myths on the internet and shared among family and friends. As these myths continue to pop up, I felt it warranted an article that quickly identifies and debunks them. Here is a simplified list of 28 persistent credit score myths: 1. Checking your credit reports lowers your score. Checking your own credit report, known as…

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  • Increase Your Credit Score

    How to Increase Your Credit Score

    So, you want to increase your credit scores? Keep reading to learn how to improve your scores quickly and maintain them. Understanding Credit Scores Credit scores are numerical representations of your creditworthiness, indicating the likelihood of you repaying borrowed money. These scores are used by lenders, landlords, insurance companies, and others to assess your financial reliability. Scores typically range from…

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  • Remove Collection Accounts on Your Credit Report

    How to Remove Collection Accounts on Your Credit Report

    Did you get a copy of your credit report and find a collection item? Are you questioning the validity of these collection items? If so, you’re not alone. Many people who review their credit reports find inaccurate information. Federal law requires credit bureaus to report only accurate information, but verifying and disputing the information you find is up to you.…

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  • Dispute Credit Report Errors

    How to Dispute Credit Report Errors: A Simple Guide

    Errors in credit reports can have serious consequences, potentially affecting loan approvals, interest rates, and even job opportunities. It’s crucial to ensure your credit report’s accuracy and correct errors. What are Credit Reports? Credit reports contain personal information, credit account details, payment history, credit inquiries, public records, and collections information. They are used by lenders, landlords, and employers to assess…

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  • Get Free Credit Report

    How to Get Your Free Credit Report: AnnualCreditReport.com

    Did you know federal law gives you free access to your credit reports? The Fair and Accurate Credit Transactions Act (FACTA) requires credit bureaus to provide consumers with free access to their credit reports once every 12 months. These reports can be accessed through the federally mandated website AnnualCreditReport.com, which is jointly operated by the three major credit bureaus: Experian,…

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  • Leveraging Credit

    Leveraging Credit: A Strategic Path to Building Wealth

    Credit often carries a negative connotation, conjuring images of debt traps and financial struggles. However, when used wisely, credit can be a powerful tool. Leveraging credit effectively involves managing it responsibly and utilizing it strategically to create opportunities for building wealth. Understanding Credit Before delving into leveraging credit, it’s crucial to grasp its fundamental concepts. Credit essentially represents trust extended…

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