There is a difference between having bad credit and having no credit. Unfortunately, they may have similar effects when it comes to applying for loans or qualifying for credit cards. While it may be easier to achieve a good credit status from no credit, the road back from bad credit [...]
Several things can affect your credit rating. For some people, fair or poor credit is the result of not having enough credit history, while for others, major life events such as divorce or an illness take a financial toll. No matter your life story, a less than perfect credit history [...]
Investing and borrowing can be risky business, as anyone would tell you. Some people feel safer with banks, and do not trust alternative lenders. But is it really safer to borrow from banks, as many believe? In today’s world, with all the recent of online security breaches, it does not [...]
A great credit score can make a big difference in your mortgage rates, helping you pay off your home loan faster. While owning a home can improve your credit score, having a credit score of at least 550 before you buy a home is also important. Above 620 is ideal [...]