What is refinancing and how does it affect your credit score?
What is refinancing? When an old debt is paid off with a new loan, the process is known as refinancing. By acquiring a new debt obligation with different conditions, you are essentially exchanging one debt obligation for another. Different strategies apply when refinancing a home, car, school loan, or personal loan. This is not a […]
When to Pay for Credit Monitoring
Although there are no costs associated with credit monitoring, not everyone takes advantage of the available possibilities. You may want to invest in credit monitoring if you have been a victim of identity theft or if you are at high risk for it due to, for example, a data breach. If you want to take […]
What do you need to know about credit score monitoring?
When initially considered, credit score monitoring may appear cumbersome and pointless. However, the process is surprisingly simple, and the benefits are substantial. If you monitor your credit score, you can catch fraudulent activity like identity theft before it does serious damage. That’s why it’s crucial to keep an eye on your credit report at all […]
What factors impact credit scores
Credit scores can be calculated in a variety of ways, with each model employing its own unique set of criteria. Even though many scoring systems use the same factors, they are usually divided into the following groups: Payment history: Your payment record is a record of when you have paid debts and whether or not […]
Can you tell me what I can do to improve my credit score?
Credit scores are determined by a variety of quantifiable factors that you can influence. Even if your score is low, there are things you can do to raise it. Don’t be late with payments: Your payment history is the single most important factor in determining credit score. One of the most important things you can […]
I was wondering why I was denied a credit card
Any one of the following could cause a credit card company to reject your application: A high debt-to-credit ratio (your total debt divided by your available credit) is grounds for rejection. There is no hard and fast rule for how much credit card debt is too much, but experts advise keeping your utilization ratio below […]
Following these four guidelines will help you maintain a solid credit history
1. Be punctual 35% of your FICO score is based on how reliably you’ve made payments in the past.You should always make on-time payments toward your debts, whether they are credit card balances or utility bills. Overdue library books and parking tickets can negatively affect your credit score. 2. Retain low credit card balances Low […]
The online dispute resolution workflow
Checking your credit report online and making any necessary corrections through the Dispute Center is the quickest and most convenient way to dispute inaccurate information on your credit report. Personal data, accounts, inquiries, and (possibly) public records make up the broad categories that make up your credit report (not all credit reports contain public record […]
What is the procedure for putting a freeze on and taking a freeze off of my credit for no cost?
Putting on a credit freeze: Equifax, TransUnion, and Experian all have online, phone, and postal mail channels for requesting a credit freeze. Identifying details like your social security number and home address will be required, so have them handy. As part of this process, the credit bureau will provide you with a PIN or password. […]
What to do when you get denied for a credit card
Re-appeal to the card company More information provided to the card issuer may increase your chances of approval. It’s possible, for instance, that you forgot to count retirement funds, alimony, child support, and government benefits among your taxable income. Furthermore, non-working spouses might count the earnings of their working partners. It is possible to transfer […]