The economy is tough. If you’re like most Americans, you’re hustling to hang on to that American dream. The last thing you need is to start dating a credit dud.
Some of those little annoying dating behaviors might just be the fastest way to spot a credit problem too. Find out what they are so you can avoid them!
If you have bad credit, facing it head on is essentially your only option. Unfortunately, there aren’t any quick fixes or shortcuts, even if you’d been a model consumer prior to an unforeseen event like the “Great Recession” or an illness, which wreaked havoc on your credit score. Credit building requires discipline and commitment, but it truly is worth it, given the inextricable link between your credit score and your loan profile, ability to buy or lease property, and chances of being hired for certain jobs. So how does one go about rebuilding credit?
A lot of young adults are already heading down the road to financial hardship. Many will have problems with credit due to school loans, inexperience, financial optimism and social pressures, which will all lead to a bad credit rating. It’s important that young adults know the importance of bad credit and the effects it can have in the long run. Restraining today can help you out in a major way down the road.
It may sound silly (or unfair, whichever way you look at it), but more often than not bad credit is having an impact well beyond high interest rates and unapproved credit and loan applications. Credit card debt and a poor credit score can make things like finding a job or a home extremely difficult. Your landlord and your employer were probably all up in your credit score and report at one time or another.
Big changes are coming. The bulk of the new Credit CARD Act provisions go into effect in February, which may change the way many of us use credit. While some consumers will benefit, others may find it difficult to access credit at all. In fact, a few credit card companies have already begun cutting off [...]
By: Christy Brewer Christy Brewer, The DIFF Critic, has been thinking a lot about what goes into each person’s mortgage terms — mortgage rate, payment, how much to borrow. Today she shares what’s on her mind here on the Quizzle blog. Most chatter around getting a mortgage seems to be about your credit score. Your [...]
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