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Having a good credit standing is something that will be important for most people. It will allow them to get access to funds that may not otherwise be available to them, especially when they need it most. Taking care on of one’s credit score takes work. But it may also be good to know more about what can help you maintain it well. This includes knowing those credit myths that many people tend to believe. Here... Archive for the ‘Credit 101’ Category
Common Credit Myths
December 21st, 2011 No Comments
Having a good credit standing is something that will be important for most people. It will allow them to get access to funds that may not otherwise be available to them, especially when they need it most. Taking care on of one’s credit score takes work. But it may also be good to know more about what can help you maintain it well. This includes knowing those credit myths that many people tend to believe. Here... 
Posted in Credit 101 
Tags: common credit myths, Credit Cards, credit myths, credit payments, credit report, credit score, zero percent dealsFixing A Neglected Credit Score
July 7th, 2010 1 Comment
A neglected credit score is something that may or may not be important for people, depending on their circumstances. For those who are always take out loans and other means of credit for personal or business reasons, then a good credit score matters a lot. A low credit score may not matter as much for those who has money to burn.
For those whose credit score may matter, those three-digit numbers can be the differen... Common Credit Score Killers
June 24th, 2010 No Comments
When trying to avail of credit from banks and other financial institutions, your credit score would matter a lot. It would determine whether you get approved or not on your applications for credit. Taking care of your credit score is therefore very important. Unfortunately, a lot of people do not make an effort to do just that.
Having a good credit score is something that you may have to work on. It will help cred... Improving Your Credit Score
May 11th, 2010 2 Comments
Improving your credit score is essential if you wish to improve your credit-worthiness. Credit card companies as well as other financial institutions depend on credit scores to determine if a client is creditworthy. Here are some positive tips on how to deal with your credit score.
Avoid Over-Consumption
Trying to over-charge your current credit line may severely affect your credit score. Extending your purchases o... Posted in Credit 101 Costly Credit Myths
December 4th, 2009 No Comments
Availing of credit can both have its benefits as well as pitfalls. It takes an individual with a good knowledge of credit to take advantage of its benefits and be aware also of the traps. One way to do this is to know a bit more about what are the facts and the myths behind credit and all of their different types. Here are some of the myths that you should know about.
Myth 1: You only have one credit score.
There a...
Posted in Credit 101 What Are Credit Bureaus?
October 30th, 2008 No Comments
A credit bureau is an organization that collects information regarding credit histories of individuals and other related data. The collected information is then provided as a credit report on individual that can be used for various purposes. Primarily, this information is being used by lenders and other institutions offering lending services to learn the credit background of applicants.
Importance of credit bureau...
Posted in Credit 101 Establishing a Good Credit History
October 29th, 2008 No Comments
What is a credit history and why is it important? A credit history is everything you do that involves credit. If you have a bad credit history, you may be kept from buying your dream house, as well as from financing the education of your kids. But if you have a good credit history, you can stay away from these things. Here are five ways to establish a good credit history:
Use your credit only if you know you can af...
Posted in Credit 101 How to Read a Credit Report
January 2nd, 2008 No Comments
A credit report contains wealth information about one’s financial actions. It usually consists of five sections: personal information, public record information, collection agency account information, credit account information and inquiries.
The credit report consists of all credit accounts and loans and other bills such as phone bill payment history, electric bill history, and cable bill payment history if ...
Posted in Credit 101 How Your Credit Score Affects You
September 17th, 2007 No Comments
For most people who rely on credit, their history when it comes to their borrowing as well as paying habits matters. They matter because credit institutions rely a lot on such information in order to determine a person’s creditworthiness. And such credit institutions can only do so by evaluating one’s credit report.
Credit report or credit history is a record of a person’s or even a company’...
Posted in Credit 101 Understanding Your FICO Score
September 17th, 2007 No Comments
When you have been using credit for a long time now, you might already have heard about the FICO Score. Sure, you might have heard about it but it really pays to know what it is all about and how it can affect your own credit rating as well as your ability to avail of credit in the future. Here are just some of the facts.
What is a FICO score?
A FICO Score actually stands for Fair Isaac and Co. It is a method of c...
Posted in Credit 101