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Millions of Americans fall into this trap. They run into financial issues and they run out to find the easiest, quickest loan(s) that they can get: the Payday Loan. It’s a painful, dreadful decision for most people, but many have no other choice. Are PayDay loans worth it? No. Definitely not. As Alice Gomstyn of ABC reported, […]

Getting Credit Cards With Bad Credit Getting a new credit card with bad credit can be extremely difficult, but not always impossible. There are different types of credit card offers out there for different types of “bad credit,” or poor credit. First, you need to ask yourself why you want a new credit card. A […]

How to Increase Your Credit Score Regardless of the amount of money you make, your credit score can affect you financially, whether you’re applying for a new credit card or even trying to get approved for a new home loan. It can be the difference of actually getting approved, and even getting lower APR rates. If […]

Question: Do Free Credit Scores Hurt Your Credit? Answer: There’s a lot of new free services that exist, and everyone seems to be utilizing them to their advantage, but are they detrimental to your actual credit score, meaning will they hurt your score? In short, no. Many people assume that these services will cost them in […]

Question: How often should I check my credit score? Answer: You should keep a close eye on your credit score/profile to ensure that you don’t have any issues arise, unexpectedly. Things such as hard inquiries that you did not authorize, or even new accounts that do not belong to you. We highly suggest that you […]

Credit Unions vs Banks In the fall of 2008, we witnessed a particularly tumultuous time in the world of finance and in many people’s eyes, this was brought on mostly by the greed and complacency of the big banks. These institutions have become so big and powerful, and regulation simply doesn’t appear to work with […]

What is a VA Loan and Who Qualifies? The Department of Veterans Affairs (VA) is a Government Agency located in the United States of America, and helps to serve Military Veterans, those on active duty, as well as National Guards and Reserves. As a part of their services, they also offer guaranteed home loans to […]

VantageScore is a scoring system that was created in 2006 by all 3 bureaus (Equifax, Experian and TransUnion). It’s owned and controlled by VantageScore Solutions, LLC. — allowing the 3 CRA’s to license the model and scoring methods. The reason for creating this new scoring system was to compete with Fair Isaac, the company that […]

What is the Difference Between Good and Bad Credit? It would be easy to assume that all credit is bad – I mean in all instances you’re borrowing money you cannot afford right now under the assurance that you will pay more than you borrowed to settle the loan. However, not all reasons for borrowing […]

How Do Credit Scores Work? Credit Scores are used by most creditors, and we’re being marketed to, almost on a daily basis, to watch our credit scores closely (ie, free credit scores, credit monitoring, alerts, etc.), but why? Why do credit scores matter and how do they work? Why Credit Scores Matter Most financial institutions […]