According to policy genius, your credit score has little affect on your life insurance rates. There are other reports which are more relevant, such as your medical records, your prescription drug history, and your criminal records. Life insurance companies may run a soft inquiry of your credit report, but it will have a light affect....
Searching for a home is a process that involves a great deal of aspects, such as insurance, cash, loans, mortgage, as well as research and a long list of our needs and wants. However, when a great deal comes your way, it is time to nail it down and make this house a home. Listen...
As you work on your credit, developing good habits will do the trick. It may take a while, but if you keep up the good work you will get to your desired score. Some really important things to do are: 1. Making all of your payments on time, always 2. Pay your bills in full...
If you’ve noticed that your credit score has taken a dip recently, there are different reasons why this may have happened. One of those reasons could be your payment history. If you’re late on a payment, skip a payment or default on a loan all together, those are all reasons that your score can be...
If your credit score has dropped since the last time you looked at it, there are several reasons it may have done so. One of those reasons could be current debts. Here’s what that means… if you borrowed more money for something recently, this could affect your score. When creditors see this, they will be...
If you’re trying to rebuild credit, it can feel like an uphill battle. Ways to improve your credit fast is by getting a secured credit card. This is better than a debit card. A debit card only uses the money that’s already yours to pay for stuff. You’re not borrowing, therefore you’re not being reported...
As if juggling lenders aren’t enough, there are other forces out there that can drop your credit score too. Tax and legal issues. If a creditor has sued you, it can damage your score and thus damage how you look in the eyes of creditors. Also, if you have a tax lien imposed by the...
When you use a debit card, you are not borrowing money. You are simply using your own money to pay for things. The money is coming straight from your bank account. Because you haven’t used credit, it will have no effect on your credit report or your credit score. You can not build credit using...
One of the fastest ways to plummet your credit score is by maxing out your credit cards. When you spend too much, or up to the credit limit, your score is adversely affected. Therefore, light use of your card is recommended. The balance shown on your credit report – which is usually the balance of...
When it comes to your credit report, the federal Fair Credit Reporting Agency limits who can access your information. This is for privacy reasons. Here is a list of places who can gain access to your report under certain circumstances: mortgage lenders landlords judgment creditors collection agencies employers government agencies car insurance companies utility companies
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