We have all been drilled endlessly about the importance of a good credit score. Your credit score can determine everything from the type of car you can buy to which types of homes you will have a loan approved…
Credit scores are a fact of life for Americans in the 21st-century, but credit scores haven’t always existed. Without credit scores, lenders might still be relying on handshakes and other subjective measures to determine credit-worthiness. Doing so would leave…
So, you’ve found a person with whom you want to spend the rest of your life. When you met, it was like you’d known each other forever. And now, the two of you want to buy a home and…
Building good credit is essential to your financial well-being. If you ever intend to purchase anything for which you’ll need a loan, you’ll need to be able to show lenders that you’re a responsible borrower who can be trusted to…
Maybe your credit history isn’t exactly stellar. Sure, you’d like to be a homeowner one day—maybe even one day soon. But that recent run of bad luck and/or bad decisions showing up on your credit report doesn’t put you…
Your credit score may never be more important than it is when you’re applying for a mortgage. It’s not easy to raise your credit score dramatically in a short period of time. But it is easy to inadvertently lower…
Errors on credit reports are surprisingly common. A few years ago, the Federal Trade Commission completed a decade-long study which found that more than 20% of consumers had at least one error on a credit report significant enough to…
Before a lender offers you a loan or line of credit, that lender wants to know the answer to one very important question: If I loan money to this person, how likely is it that this person will pay…