It can be exciting to find out that you’ve received a credit card offer. Usually these letters, emails, or website notices state that you’ve been “preapproved”, “prequalified”, or “pre-selected”. But, these prequalification and preapproval messages do not always mean that…
There isn’t a specific minimum score that you must have to get approved for a mortgage. Your credit score is just one factor that lenders use when deciding if, or how much, to lend to you. There are also various…
At some point, you may discover a discrepancy on your credit report. You can contact a number of parties to attempt to resolve the matter and get your report updated. Contact the creditor It’s best to contact the creditor first…
In the recent years, there’s been a surge in the number of companies offering consumers the chance to increase their credit score by updating their credit reports with payments made to companies that don’t traditionally report to credit bureaus. These…
In 2021, Experian, Equifax, and TransUnion collectively received over 700,000 consumer complaints filed against them at the Consumer Financial Protection Bureau (CFPB). The three major credit bureaus, who are responsible for collecting and maintaining credit records, received more than half…
Most people likely think that their credit history is only important when they’re applying for credit. But, your credit history can impact you in other ways, too. Employment Your indebtedness can affect an employer’s decision to hire you. The policies…
It happens all too often. A consumer pays down a large balance or receives a promise to have a bad debt or other negative mark removed from their credit report. The consumer, rightfully proud and excited, applies for credit almost…