Posts Tagged ‘“damaged credit”’
Credit Pitfalls You Need To Know
How Can I Protect My Credit? There are a few common credit mistakes that I see people make over and over again. It is possible to never miss a payment on any of your loans and still have a poor credit score. So what is this common mistake......credit shopping. Most people do not realize that the more often your credit bureau is viewed by lenders the more damage you are doing to your credit score. How Much is Too Much? There is much debate about how often your credit can be viewed and how much time between viewings must pass in order to maintain a solid credit rating. The credit rating agencies such as Equifax and Transunion to not make this info available to the public, so it pays to use common sense. Obviously the rating agencies realize that most people will probably have their credit viewed a couple of times during the year. You can't get a cell phone or a Future Shop credit card without your ...
Your Personal Credit – Know The Score
Do You Know What Your Credit Score Is? ....if you don't you are certainly not alone. It is hard to get by in today's society without having some sort of credit, yet most people are not aware of the health of their credit. I am going to talk briefly about some of the misconceptions I come across when dealing with people and their credit. Wrong. It is almost better to have bead credit rather than no credit. Without a credit history the lender can not determine the risk associated with lending money to you. They can't see a history of paying your debts on time and they have no idea how you are going to handle paying what will probably be the largest debt you will ever take on in your life. Atleast with poor credit the lender knows you have a hard time with debt and can price your loan according to the risk associated with lending to you. My Advice If you are thinking of getting a mortgage and currently have no or little debt ...
