Student loans are a kind of money advance, like a vehicle advance, individual credit, or home loan. They are essential for your credit report and can affect your installment history, length of your record of loan repayment, and credit blend. When you pay on schedule, you can help your score.
Being late or defaulting on your student loans can contrarily affect your credit.
Read MoreIf you want a sound financial future, it is best to build a solid credit history. But, how do you begin? It is not easy to do it on your own, but with the help of family members, it is possible to learn the credit game and have the confidence knowing you can take out a loan, get an apartment or acquire insurance for your vehicle.
Read MoreMost lenders require you to have a certain credit score if you want to obtain their product. And in some cases, lenders can help you boost your credit score to meet their criteria.
Furthermore, the boosted credit score can allow you to access more reasonable interest rates. Rapid rescoring can help you if you're in this situation. The following is some information on the process and how it can help you.
Read MoreCreditworthiness is a term you might have heard when talking to someone about a financial product or service. It's a vital term because most lenders base their decisions on it. Your creditworthiness can determine whether you get approved for a new house, car, apartment, credit card, or something else you might want. Therefore, you must understand exactly what it means and how you can build credit in a way that makes your creditworthiness favorable.
Read MoreAccording to Abraham Lincoln, "not everything you read on the Internet is true." This common meme is really silly, but it makes a good point. Here we will discuss 15 credit score myths that you may have heard. There are many credit score myths circulating, but we will just go over some of the most common credit score myths here. Below are 15 credit score myths that you have probably heard before, as well as the truth that you may not have heard before.
Read MoreCredit score scales may seem like they're complicated to understand at first, but once you have a strong grasp of the fundamentals, you can improve your financial standing and take your credit score to new heights. The five most important factors that make up a credit score have a specific amount that they influence the full score, represented in percentages. To understand how this works, it's best to start at the beginning of automated credit scoring.
Read More
