credit

When Credit History Labelled As Being “Adverse”?

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Adverse-Credit

Adverse Credit If you are a borrower with a history of unsatisfactory credit transactions, the lenders will describe your credit history as “adverse”. The expressions “poor credit”, “bad credit” and “sub-prime” all describe exactly the same situation. This leads to a number of questions; what credit information is collected about you, where does it come […]

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credit

Your Credit Score Can Be Destroyed By Simple Credit Inquiries

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Your-Credit-Score-Can-Be-Destroyed-By-Simple-Credit-Inquiries

What you don’t know about credit inquiries can destroy your credit score and effect what you can qualify for. Whether you are shopping for a cell phone, car, home loan, insurance, or just curious about wanting to see what you could qualify for, a credit inquiry can cost you points on your credit score. Even […]

credit

Understanding Credit Scores for Home-buying

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understanding-credit-scores-for-home-buying

Understanding Credit Scores for Home-buying If you are applying for a mortgage, you’re going to have to deal with credit scores. Here’s a primer on credit scores and methods for improving them. Step one in the process is making sure that you have a current copy of your credit report. Congress recently amended the Fair […]

credit

The Basics of Credit Repair Process

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The Basics of Credit Repair Process By having a credit card, you are using someone else’s money as payment for your purchases. You are swearing to repay the amount purchased. When applying for a loan, credit card or mortgage, it is normal for the agency to check your credit worthiness. This is based on the assessment of your […]