Your credit score has never been so important. Lenders will check your credit score to determine whether or not you qualify for a new line of credit. Before lending you money, creditors want to know how risky you are as a borrower and how likely you are to pay back a loan on time. A tarnished credit score can be both stressful and costly. If you have already hurt your credit score with some wrong financial moves, then read on to learn about credit repair.
Posts Tagged ‘creditor’
New Credit CARD Act Provisions; Will Your Credit Cards Be Affected?
August 17, 2009Back in May, President Obama signed into law the Credit CARD Act of 2009, officially known as the Credit Card Accountability Responsibility and Disclosure Act of 2009. It’s a pretty big deal and will likely affect your credit cards one way or another. The Credit CARD Act includes several provisions, most of which will go [...]
How Do Credit Inquiries Affect Your Credit Score?
June 5, 2008It’s a common misconception that all credit inquiries — or any time your credit report is pulled — hurt your credit score. This isn’t true, however. Only “hard inquiries” will take a toll on your score. Hard inquiries are occasions when your credit report is pulled for the purposes of extending you credit or a [...]
How Much Debt You Have Affects How Much Home You Can Buy
May 24, 2008By: 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 [...]
