Archive by category Credit

5 Simple Steps To Take Charge Of Your Credit Score

5 Simple Steps To Take Charge Of Your Credit Score

Most people are not even aware that there is such a thing as a credit score until it causes them problems when applying for some type of credit facilities. It is also not an exaggeration to say that most people who do have loans like mortgages or personal loan may not even be aware that […]

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What Activities Really Screws Up Your Credit Report?

What Activities Really Screws Up Your Credit Report?

One of the most loathed factors for the rejection of any loan facility is bad credit. For credit scores that are just unsatisfactory, lenders can still grant loans with less favorable terms. It is those with bad credit who can get an outright rejection without any real explanation from the lenders. But usually these people […]

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How Your FICO Score Is Calculated

How Your FICO Score Is Calculated

The exact details of how your FICO score will probably never the light of day. Because if these details get into the public domain, there is a chance that people who are too smart will be able to abuse it. This can cause chaos in the financial world. Can you imagine if a serial debtor […]

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Why Secured Credit Cards Benefit You In Building Good Credit

Why Secured Credit Cards Benefit You In Building Good Credit

When we talk about credit cards, we often only know them as unsecured. The most common form of secured credit is probably a home equity line of credit (HELOC) where funds are secured to collateral, which in this case is a house. But there are actually much smaller versions of HELOC that lenders do not […]

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Dealing With Credit Discrimination – Know Your Rights

Dealing With Credit Discrimination – Know Your Rights

Discrimination has no place in the modern world. At least that is what we are conditioned to believe. But now and then, a news headline would pop up that implies some sort of discrimination being practiced in some part of the country or the world. It can be in the form of race, gender, age, […]

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5 Golden Rules For Using Credit Financing

5 Golden Rules For Using Credit Financing

The danger of easy credit is something that most people will implicitly know. It is the tendency and temptation of going deeper and deeper into debt without remorse. Although investors and entrepreneurs might have a bigger stomach for high debt levels, they also usually possess the skills to churn a profit out of it. The […]

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Basics Of How Applying For Credit Facilities Work

Basics Of How Applying For Credit Facilities Work

The credit system is a funny business. It is a system based on a trust that lenders will lend and borrowers will repay. Lenders get to make a profit from giving out loans and credit, and borrowers get access to funds for emergencies or other investments. Given that banks can borrow low cost money anytime […]

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