Term: credit
43 found

Why do Millenials have subprime credit?

By Steve Ely on 10/6/2016

There's more than one way to move out of the subprime credit category into the near prime or even prime credit category.  

credit
Millennial
near prime
prime credit
subprime
TransUnion

Is Your Mortgage Going to Hurt Your Credit?

By Steven Shaw on 3/12/2015

Is Your Mortgage Going to Hurt Your Credit?

There’s a misconception that applying for a mortgage causes your credit score to drop each time, but that’s not actually the case. The sole act of having your credit report pulled when submitting a loan application does not instantly cause a reduction in your credit score, but it will impact you eventually. Here’s the deal …

credit
Home Loan
Mortgage

No Credit Score? You Still May Have Decent Credit

By Steven Shaw on 1/9/2015

no credit score

Tens of millions of Americans don’t have credit scores, meaning they have little or no access to things like credit cards, auto loans, personal loans and mortgages. People with poor credit are similarly limited, and there’s a good reason for that: Without a good credit history, you’ll have a hard time finding someone who will extend you credit. Sure, lenders consider other factors when evaluating potential borrowers, but a decent credit score gets your foot in the door.

alternative credit
credit
non-traditional credit

Think You Can’t Afford to Buy a Home? Think Again

By Steven Shaw on 12/10/2014

How You Could Be Underestimating Your Homebuying Chances

Did you have a bad credit event in recent years? Do you have less than two years in the same career field? Is your monthly income less than three times your proposed payment? Fear not, when your financial picture doesn’t fit neatly into the box, you may still qualify with some lenders. Here’s how.

Assets
credit
Debt
Home Loan
Income
Mortgage

The Holiday Shopping Danger You Won’t See Coming

By Steven Shaw on 11/17/2014

The Holiday Shopping Danger You Won't See Coming

Around this time last year, cybercrime went mainstream with Target’s announcement that the credit and debit card accounts of 40 million shoppers were nabbed during the height of the holiday shopping season. Worse, the personally identifiable information of 70 million Target customers was in the wind. Before you get too worked up, here’s something to remember: Breaches are and will always be the enemy, but the more likely source of financial woe this holiday season looks back at you in the mirror every day.

credit
Holiday Shopping

5 Everyday Things That Hurt Your Credit

By Steven Shaw on 10/14/2014
5 Everyday Things That Hurt Your Credit | Credit.com

Here’s one of the tricky things about credit scores: They’re about more than credit. Sure, it’s extremely important to make loan payments on time and use credit cards responsibly, but there are plenty of non-credit things that can do serious damage to your scores, potentially making it more difficult to get loans at an affordable rate in the future.

collections
credit
credit score

5 Everyday Things That Hurt Your Credit

By Steven Shaw on 10/14/2014
5 Everyday Things That Hurt Your Credit | Credit.com

Here’s one of the tricky things about credit scores: They’re about more than credit. Sure, it’s extremely important to make loan payments on time and use credit cards responsibly, but there are plenty of non-credit things that can do serious damage to your scores, potentially making it more difficult to get loans at an affordable rate in the future.

collections
credit
credit score

5 Ways Your Kid Can Hurt Your Credit

By Steven Shaw on 10/13/2014

5 Ways Your Kid Can Hurt Your Credit

There’s plenty of information out there on what it costs to raise kids, so we know they can lighten your wallet. But they can also flatten your credit. But while paying for kids’ care is part of a parent’s job, letting your credit suffer because of their actions isn’t.

authorized user
Co-Signer
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credit score

More People Are Getting Credit. Is That a Good Thing?

By Steven Shaw on 9/15/2014

More People Are Getting Credit. Is That a Good Thing?

Credit 101

More People Are Getting Credit. Is That a Good Thing?

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A new report from Equifax shows that credit in America has risen to a six-year high. I’m a proponent of maintaining healthy credit, and at first blush this report may seem a little shocking and worrisome. This is why I decided to dig into it a little deeper and share my thoughts with you. Yes, on the surface the fact that more Americans are getting more credit may seem like something to be concerned about, but it can also signal greater health and financial optimism among our nation’s consumers. Here’s why I say that.

 

credit score
credit
credit cards

Are You Accidentally Hurting Your Credit?

By Steven Shaw on 5/27/2014

hurting your credit 

If you are aiming for a high credit score, you may find the task overwhelming. What will work? And what won’t? A recent survey by Credit.com found that there are a few things consumers are doing to improve their credit that won’t work — and a few that will.

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collections
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improve your credit