Finance Globe

When was the last time you reviewed your credit report? If you don’t know the answer, you are long overdue. While this isn’t something you have to obsess over, it’s important to review your credit report periodically. Here are three reasons why you should make this is a habit: 1. Because the information is important. When it comes time to secure a mortgage or car loan, for example, potential lenders will review your credit report. It’s...

So, you have reviewed your credit score and you don’t like what you see. Before you get too upset, remember this: there are steps you can take to improve your score in the months and years to come. Below are five of the best ways to improve your credit score: 1. Make On Time Payments in the Future For some, this is easier said than done. However, it’s a step you need to take. It’s essential...

Certain aspects of money management are good for your financial health, but have nothing to do with your credit score. Not directly at least. Check out five important parts of your finances that don’t directly affect your credit score. The amount of money you make Your income isn’t one of the primary factors that goes into your credit score. So, whether you make a little money or a lot, your credit score won’t be affected. However,...

These days it seems like busy is the new black, but your inability to say no can come with side effects beyond being tired and stressed. Leading a busy life can have a negative impact to your credit in ways you never realized. You forget to pay your credit card bills on time. When you’re too busy, deadlines continually come and go. If you’re a busy person, you’ve undoubtedly missed a payment or two because of...

Do you find yourself searching for and learning more about a variety of credit card offers? Before you do anything, such as making a final decision, there are a few key details to address. By answering these questions, you have a better chance of finding and applying for the credit card that best suits your situation: •    What type of credit card is best for you? •    Is your credit good enough to qualify for most...

  Scammers are continually coming up with new ways to trick consumers out of money. Fake debt collections is a scheme you could easily fall for, if you're not careful. Before you pay a collection you think you owe, use these three tips to be sure the collector isn't a fake. They can’t tell you who the debt is from. All collection accounts have an origin, a company that you used to do business with. If...

It doesn’t matter what you have done in the past, you never know what will happen to your credit score in the future. Even if you keep a close eye on every move you make, there is always the chance that your score could tank. Remember this: it only takes one mix-up to ding your credit score. At that point, you may find yourself wondering what went wrong. Rather than get down on yourself, rather than...

Are you in need of a loan? If so, you can go the conventional route and contact a local bank. Just the same, you could turn to your credit card or ask a family member if they are willing to lend you the money. Even with these choices, you may want to consider another: a 401(k) loan. This may not be your preferred method of borrowing, but it is something to consider for many reasons: ·     ...

This is the fourth post in our series about building a bad credit score into an excellent score. If you are seeking ways to improve your credit score, it is important to understand the items that have the biggest impact. This will ensure that you spend your time and energy in the appropriate manner. Your FICO score takes into consideration both negative and positive information. For example, a late payment will lower your score while establishing...

This is the second post in our series about building a bad credit score into an excellent score. It goes without saying that a high FICO credit score is better than a low score. Your score is used when making a variety of lending decisions, so you don’t want to do anything to risk your good standing. Generally speaking, an excellent FICO score falls in the 750 to 850 (perfect) range. It may not be easy...