Danny Garcia

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Credit scores may jump this month thanks to new scoring rules enacted after CFPB study

Starting this week, some consumers may have a higher credit score.<p>Because of improved standards for utilizing new and existing public records, the three major credit reporting companies are now excluding all tax liens from credit reports. That means some scores will head higher, for some by as much …

Personal Finance

Does canceling a credit card hurt your credit?

Will canceling credit cards impact your credit score? Learn about the financial implications of canceling your credit card.<p>If your wallet is feeling …

Personal Finance

Tick, Tock! How Long Can a Debt Collector Pursue Your For a Debt?

Is There a Time Limit for Collecting Debt?<p>Updated September 09, 2017<p>As time passes, you might expect an unpaid debt to go away eventually. …

Personal Finance

What Is the Average Credit Score in Your State?

Looking for a breakdown on the average credit score in each state? Here is a look inside how credit scores stack up in each of the 50 states.

Credit Scores

If you have a good credit score, take advantage of these 3 perks

When you have good credit and seem trustworthy to financial institutions, it can pay off in perks.<p>Many creditors use the FICO or VantageScore scoring …

Personal Finance

Trouble paying your student loans? Here’s what to do

<b>As if submitting hefty student loan payments every month wasn’t bummer enough, consider this: A new Brookings Institution analysis suggests nearly</b> …

Personal Finance

5 Reasons Why Your Credit Score Dropped Out of the Blue

You pay your credit card accounts on time each month. You never miss a mortgage payment. You haven't run up loads of debt. So why did your credit …

Personal Finance

People Are Suing Equifax in Small Claims Court and It's Totally Brilliant. Here's Why

Just imagine $5,500 times 143 million, and you'll see why this could be big trouble.<p>Last September, Christian Haigh learned he was one of the 143 million people in the U.S. whose information was hacked in the Equifax breach.<p>As you might recall, Equifax issued an apology that was almost laughable. …

Equifax

What Is A Good Credit Score?

It doesn't have to be complicated.<p>Knowing your credit score is basically the definition of adulting. Because that mysterious number literally holds the keys to you being a grown-ass woman who owns her own home, or gets a small-business loan.<p>Yep, your credit score—which measures how likely you are …

7 myths about bankruptcy and your credit debunked

Barry Paperno | Credit.com<p>Here’s why you should never share your credit card<p>If you’re sharing you're credit card, your likely to wind up with a losing hand.<p>USA TODAY<p>Filing for bankruptcy is devastating to your credit and can cause your credit score to plummet more than 200 points. But for people in …

Personal Finance

5 tricks you can use to improve your credit score

<b>You don’t have to be a credit expert to know that tactics like keeping your debt low and paying bills on time are proven ways to improve your FICO</b> …

Personal Finance

What Is the Fastest Way to Build Credit?

The Fastest Way to Build Credit<p>Updated February 06, 2018<p>You can't build excellent credit overnight, but there are some strategies you can use to …

Get your credit score ready for the home-buying process

<b>Dear Liz:</b> What score do you need to be approved for a mortgage? Is 520 even close? If not, how do I get that score higher quickly?<p><b>Answer:</b> A score of 520 on the usual 300-to-850 FICO scale is pretty bad. Theoretically, you might be able to get a mortgage if you can make a large down payment, but …

How to improve your credit score and whether you should bother

<b>Dear Liz:</b> My credit scores are good, but I was wondering if there is a way to bring your scores to 800 or more if your income isn't that high. I always pay my bills on time and my credit card off each month. In the last two years, I took out a small loan to pay off a car, then paid off furniture …

How to Build Credit

You can build a great credit score with a minimal amount of effort. Here's how to start right now.<p>What if I told you that you could build up your …

Personal Finance

What Is a Hard Inquiry?

You've heard hard inquiries are bad for your credit, but what exactly does that mean?<p>A hard inquiry (also known as a hard pull) occurs whenever a …

How I got myself credit worthy

<i>The following article is part of "Real Money/Real Talk," a series presented by Chase Slate in which people share stories of how their personal</i> …

Credits Tips | New York Alumni

Too often in today’s day and age young people miss out on opportunities from lack of information. This article is written to inform all about the …

The Most Important Reason to Check Your Credit Report

Errors on your credit report can cause serious problems when you apply for a loan, credit card, or even a job. Here's how to check for them and what …

6 Stealthy Credit Report Errors You Can Quickly Eliminate

Contact the credit reporting company immediately to avoid headaches down the line.<p>Financial institutions rely on one major determining factor when …

Identity Theft

9 helpful tools for fixing your credit

You know you have a problem — a credit score problem — but you don’t know how to fix it.<p>There are so many different possibilities that could be the …

Personal Finance

How to correct reports

The three national credit reporting companies (CRCs) receive and manage literally billions of pieces of credit use data each year, reported from …

Are You A Good Person With A Bad Credit Score? Here's What To Do

If you have a VantageScore of 560, there is a 31.16% chance that you will default. That is considered a bad credit score, and a very high default rate. But think about it a different way. There is a 68.84% chance that you will pay back the loan in full and on time. If you make loans to 100 people …

Personal Finance

Will My Credit Score Go Up If I Pay Off My Balance?

If you're carrying a credit card balance, you're not alone. The typical U.S. household with outstanding debt is about $16,000 in the hole, and that's just the average -- there are those who owe considerably more.<p>Not only will carrying a credit card balance subject you to an ongoing cycle of …

4 Unexpected Items That Can End Up on Your Credit Reports | Credit.com

0 Comments<p>You may already know the common items that appear on your credit reports, like personal identifying details as well as the debts you hold, …

Personal Finance

Did You Know…How Lenders Test the Performance of Credit Scoring Models?

Credit scores have been a ubiquitous and valuable component of the underwriting process for decades. Credit bureau risk scoring models have been …

What Is Considered an Excellent Credit Score?

Where do you stand?<p>Recent research suggests that 60% of Americans don't know their credit scores, according to LendingTree.<p>This is astounding knowing …

Personal Finance

Before You Dispute a Credit Report Error, Try Asking for a Verification

It’s important to check your credit report regularly, and if you find a mistake, you want to dispute it. It’s a smart move, but before anything else, …

Identity Theft

Sean Talks Credit: Is 20 Cards Too Many? Here’s How to Streamline Your Wallet

With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we thoroughly research financial products …

Personal Finance