Credit Coach Playbook #9: Avoid the “Inquiry Injury”
Too many credit inquiries can injure your credit score, this I what Credit Coach calls an “inquiry injury”. Your credit score will suffer if
Credit Coach Playbook #7: The Old Timer vs. the Rookie
There are many instances when a rookie is preferred to an old timer, but not on your credit report! If you have old cr
Dept of Edu – Discharge Student Loans with VA Benefits
Are You Entitled to Additional Benefits? The Department of Education provides a program for Veterans to discharge their student loans. To be eligible, the Veteran must have a service-connected disability(ies) that is 100%
Credit Coach Playbook #6: The Ball is in Your Court
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.
Credit Coach Playbook #3: FICO Nutrition
It’s important to note that raising your FICO credit score is a bit like losing weight: It takes time and there is no quick fix. A good credit rating is invaluable. It will help you get more credit and
Credit Coach Playbook #8 Ace in the Hole
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.
Creditor Sues
WHEN THE CREDITOR SUES, WHAT ARE MY RIGHTS? Important Note: The following fact sheet is not intended to substitute for legal advice. It only highlights your most important rights with respect to
Credit Coach Playbook #5: The Sand Trap
Buy now, pay later. Some merchants extend the offer of getting your items now and putting the charges on your c
Credit Coach Playbook #11: Pass Interference
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.
Credit Coach Playbook #1: Understanding the “Game”
When you apply for credit, the lender reviews your credit report before approving your application. The three major credit reporting agencies are Equifax, Experian, and TransUnion. These agencies, which are also called “bureaus,” collect and report information about consumers’ financial habits and put the information into a credit report along with a rating, referred to as your FICO Score. Each agency’s report contains the same basic information: name; Social Security number; current and previous addresses; current and previous employers; details about how you have your opened and closed accounts/ loans; public-record information, such as bankruptcies, court judgments, or liens; and a list of companies that have reviewed the credit report.