Identity theft is a serious crime that can have long-lasting effects on your financial and personal life. From stolen credit card information to fraudulent loans taken out in your name, the consequences of identity theft can be devastating. In this guide, we’ll show you how to protect yourself from identity theft and keep your personal …
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Debt-to-income ratio, or DTI, is a financial measure that compares your monthly debt payments to your monthly income. It is used by lenders, landlords, and other organizations to assess your creditworthiness and determine whether or not to extend you credit or approve you for certain products or services. Your DTI is calculated by dividing your …
Are you wondering why you were denied a loan or credit card, or why your interest rates seem higher than you expected? It could be that your credit report is hurting your approval ratings and credit score. Here are six things to look out for on your credit report that could be having a negative …
Understanding Your Credit Score & Approval Ratings Read More »
Having diversified credit is an important factor in building a strong financial foundation and credit history. When you have a mix of different types of credit, such as credit cards, auto loans, and mortgages, it can signal to lenders that you are financially responsible and capable of managing different types of debt. Having a diversified …
When it comes to credit cards, there are two main types: secured and unsecured. Understanding the difference between the two can help you make an informed decision about which type of credit card is right for you. A secured credit card is a type of credit card that requires a cash deposit as collateral. The …
Your credit report is a detailed record of your credit history, including information about your borrowing and repayment habits. It is used by lenders, landlords, and other organizations to assess your creditworthiness and determine whether or not to extend your credit or approve you for certain products or services. That’s why it’s so important to …
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When it comes to credit inquiries, there are two main types: hard inquiries and soft inquiries. Understanding the difference between the two can help you better understand how credit inquiries can impact your credit score. A hard inquiry, also known as a hard pull, is a request for your credit report by a lender or …
Purchasing a home is a significant and exciting milestone, but it can also be a complex and stressful process. One of the most important things that homeowners can do to prepare for the home buying process is to get their credit in order. This means checking their credit report for errors or outdated information and …
Check Your Credit Before Applying for a Mortgage Read More »
It’s worth noting that while credit repair can be a helpful tool for improving your credit score, it is not a quick fix and it requires patience and persistence. The process of disputing errors on your credit report and getting them corrected or removed can take time, and it may not always be successful. That’s …
When you apply for a mortgage to buy a home, the mortgage lender or bank will review your credit report to assess your creditworthiness and determine whether to approve your loan. There are several factors that mortgage loan officers and mortgage banks look for on your credit report to determine if you are a responsible …
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