What can you do once you receive a judgment? We got in touch with a leading credit bureau to find out. If you miss more than twenty business days of payments on a monthly debt, your creditors will have to take action to make sure the debt is paid off. Firstly, you’ll receive a Section … Read more
When it comes to how often you should apply for a card, thereâs no one-size-fits-all answer. But there are some considerations that can help you figure out whatâs best for your situation. Before you apply for a new card, its important to understand how it might impact your credit. And taking into account things like … Read more
Whether youve asked for a switch or the card moves to a new issuer, long-term credit score damage isnt likely. Many or all of the products on this page come from partners who pay us when you click on their links or do something on their websites. This doesn’t change how we rate or review … Read more
Spotloans are a type of short-term, high-interest loan that can help you get cash quickly in an emergency. They may seem like an easy way out, but if you don’t make your payments on time, they can quickly get out of hand. So what really happens if you don’t pay back your Spotloan? Let’s find … Read more
If an item on your credit report was recently deleted, you might be surprised if you received notice that the item had been reinserted in your credit file. A deleted item could reappear on your credit report for a couple reasons. Read on to find out how this might happen and what you can do … Read more
A home equity loan is a type of consumer debt that allows homeowners to borrow against the equity in their homes. After you apply, your lender will send you a credit agreement to sign and return. At this point, you have three days to reconsider and cancel the loan. If you decide to back out, … Read more
Buying a home is an exciting milestone in life. However, navigating the homebuying process can feel overwhelming, especially when it comes to credit scores. You may be wondering, “Is a 678 credit score good enough to buy a house?” The short answer is – it depends. A credit score of 678 is considered good, but … Read more
Paying off debt early is generally a good thing. That includes car loans. But itâs worth understanding how paying off debt earlier than planned might affect your credit. It may seem backward, but paying off a car loan early could hurt your credit. But how exactly it could affect your scores depends, in part, on … Read more
Not all credit scores are FICO Scores. For over 25 years, FICO Scores have been the industry standard for determining a persons credit risk. Many lenders use FICO Scores to make faster, fairer, and more accurate lending decisions. Other credit scores can be very different from FICO Scores—sometimes by as much as 100 points!. Is … Read more
Federal student loan payments have officially started back. And maybe you’re already struggling to cover your payment every month. Unfortunately, ignoring your student loans will only make things way worse. Just a few things you can expect: being reported to credit agencies, late fees and payments being taken straight out of your paycheck. You could … Read more