Understanding Your Credit FICO Formula. Typically most consumers have a misunderstanding of the credit score. In my opinion, it's the Credit Bureaus for not educating consumers on how to understand the process and the score point systems.
How to Establish, Use, and Protect Your Credit What you need to know
Many people feel like they’ve been hit in the face when credit problems strike them. On a much larger scale, getting hit in the face is similar to some degree as getting your house foreclosed on or any credit problem.
Too many credit inquiries can injure your credit score, this I what Credit Coach calls an “inquiry injury”. Your credit score will suffer if
Making your credit card payments on time is extremely important to your credit score. Late payment fees and higher interest rates are undesired results of late credit card payments.
In the sports world, an ace in the hole is a hidden advantage or resource kept in reserve until needed. In our world at Credit Coach, we refer to balance transfer checks as one of our aces in the hole.
Buy now, pay later. Some merchants extend the offer of getting your items now and putting the charges on your c
Isn’t it annoying to get all that junk mail from companies trying to get you to apply for their credit cards? Not only is it annoying but it also puts you at risk for identity theft! All it takes for identity theft to happen to you is your mail being delivered to the wrong address or someone stealing your discarded mail, things we refer to as pass interference. Once the credit card offer falls into the wrong hands, that person can apply for the card for you, essentially hijacking your identity.
Most of us realize that our credit report is reviewed when we apply for a credit card, mortgage, or car loan. However, it is often forgotten that your credit report may also be reviewed when you apply for auto or homeowner’s insurance, utility services, or a cell phone.
I WENT EVERY DAY DOING THE SAME THING AND GETTING NO WHERE, then finally I started tracking my results so I could improve my spending.