List/Grid Tag Archives: Credit Scores
Understanding Credit Basics
Credit – The ability of a customer to purchase goods and avail services before payment, based on the trust that the payment will be made in future.
How to improve your score?
If you want to improve your credit score, follow the following tips.
Subscribe to healthy repayment habit:
(a) Pay your bills on time, don’t delay.
(b) Clear the missed payments.
(c) Get counseling and understand how to not let it fall
Manage your debt.
Keep the balances low, in fact very low. Pay off debt rather than delaying it. Don’t close unused cards. Don’t ...
5 Reasons Why a Good Credit Score is Important
I often hear people say that they have never looked at their credit score and do not understand what the big deal is. Perhaps they are at a point in their life where they haven’t begun using credit cards, or haven’t considered buying a house. I’ve also heard people say that they figure they will never need credit cards or a loan.
So why worry about your credit score?
No one can predict the future. You never know when your circumstances may change and you may in fact need a good credit score. Here are 5 reasons why a good credit score is important, ...
Simple Ways to Improve Your Credit Score
Has your credit score dropped recently due to late payments? Or, have you maxed out all of your available credit? Having a low credit score is bad because anytime you apply for a new loan in the future you will either be turned down or you may receive the loan, but at a higher interest rate. Why? Because when you have a poor credit score you are perceived as a high risk by financial intuitions, and that is not the category anyone wants to be in.
Thankfully there are simple ways to improve your credit score so that you can rise out of the “poor ...
Barely Late?
And it can still show up on your credit report.
Depending upon your lender and oftentimes depending upon your past history even a barely late payment can show up on your credit report, bringing your credit score down as much as 60 to 100 points.
There is a myth out there that a payment must be 30 days late in order to be reported but reporting is always at the discretion of the lender and if they choose to do so they can report you late when you are even just a day late. And the really unfortunate thing about that is that anything from 1 to 30 days ...
