Finance Globe

Many of the companies you have accounts with regularly send your account activity to the credit bureaus. Then, businesses that you want to have an account with you check your credit report to determine whether to approve your application. Here are a few things your credit report says about you. Whether you pay your bills on time. Each month, your creditors report our creditors report whether your payment was on time for that month. Any payments...

When you start missing payments on your bills, you'll begin receiving calls and letters asking you to pay for the debt. Depending on how late your payments are, this contact could come from one of two companies: the original creditor or a debt collector. As you may guess, the original creditor is the company who you originally had the account with. This is the credit card issuer, the lender, or another business you had a service with,...

The number of places offering free credit scores has increased substantially over the years. It’s easier than ever to get a truly free credit score – that is, one that doesn’t ask you for a credit card number and covertly sign you up for a trial subscription that has to be cancelled. If you use one of these free credit score services or you’re thinking about using one, you might wonder how much can you trust...

Your auto loan payments are one of the most important of your monthly payments. Missing loan payments can have serious consequences for your credit and put you at risk of losing your only source of transportation. After three missed payments, many auto lenders will declare your loan in default and at that point they may begin the repossession process. In repossession, the lender takes possession of your car – they don’t have to ask or warn...

How much time do you devote to protecting your credit? Believe it or not, many people never think twice about this. Instead, they go about their life, hoping that nothing bad ever happens. Rather than take the risk, here are three simple ways to protect your credit: 1. Keep Your Personal Information Safe This can mean many things. For example, store financial documents in a safe place. Along with this, don’t share your personal information with...

Major corporations are losing massive amounts of consumer information due to data breaches. Most recently, Yahoo reported a breach of more than 500 million accounts. It is the biggest data breach in history (as of September 2016). The impact of having your information exposed in a data breach depends on the type of information stolen. Basic information alone – email addresses, usernames, and passwords – typically enough to commit fraud or identity theft. But if hackers...

No one would knowingly volunteer to be a victim of fraud or identity theft. While you may do your best to keep your financial details safe, you could be unknowingly putting your identity at risk if you do any of these things. Use the same password for all your online accounts. We have dozens of online accounts for everything from email to social media to bank accounts. Unfortunately, many people get lazy and simply use the same password for...

Student loan debt has grown steadily over the last several years, with the total amount of outstanding debt topping $1.3 trillion according to a report from the Federal Reserve Bank of New York. Many borrowers owe more than $50,000 and some even owe more than $100,000. Dealing with student loan debt can feel overwhelming, but it's possible. Explore your repayment options. Many student loan providers give you several different options for repaying your student loans. Some...

Bills. They come each month like clockwork. And like clockwork, we’re supposed to send payment by a specific due date. Companies won’t come to your home and demand payment, but that doesn’t mean that paying late is without consequences. Here are seven reasons you should always pay on time. To avoid late fees. Most companies, and not just credit card companies, will charge a late fee when your payment isn't received by the due date. Late...

Your credit report should be 100 percent accurate at all times. Unfortunately, as you know, this is not always the case. Since mistakes can and do happen from time to time, you should review your report at least once per year. If you find a credit report error, don’t hesitate to contact the credit bureau in an attempt to get to the bottom of the problem. Here are three of the most common errors: 1. Identity...