If you have bad credit or no credit at all, you’ll likely have a hard time getting a loan. After all, the paradox of credit is that it’s hard to get credit without already having a credit history, much like trying to get a job without any work history. Fortunately, there are some ways to…
“How do tradelines work?” It’s a question we hear all the time from people who are new to the tradeline industry. Perhaps you have even asked it yourself. In this article, we explain how tradelines work and how they can affect your credit. What Are Tradelines to Your Credit? While the term “tradeline” simply means any…
FICO, the maker of the FICO credit scores that are commonly used in lending decisions, has created a new type of credit scoring tool to help lenders better evaluate credit risk in today’s shaky economy: the FICO Resilience Index. Many consumers are understandably concerned to learn that there is yet another type of credit score to…
Saving money is a cornerstone skill for building a stable financial future. Without saving, it’s impossible to build a strong financial foundation. But reaching savings goals is often easier said than done. Sometimes it takes a bit more strategy to stay on track with your savings plan. Let’s explore how to set and hit your…
Whether you have bad credit or no credit, a secured credit card might be the solution you need to improve your credit. While a secured credit card isn’t the right choice for everyone, it is a worthwhile option for some trying to build their credit. Let’s explore what secured credit cards are, how they compare…
If you are shopping for a car loan with bad credit, you’ll quickly realize that you have a challenge ahead of you. It is entirely possible to obtain a car loan if you have bad credit. But it is easier said than done, especially if you want your loan to have reasonable terms. We’ll take…
Did you know that about a quarter of all consumers may have errors on their credit reports? Unfortunately, it’s true. In 2017, the most common complaint received by the Consumer Financial Protection Bureau (CFPB) had to do with incorrect information being reported on consumers’ credit reports. A study conducted by the FTC in 2012 found…
Opening a credit card is a very serious financial decision. As with all financial decisions, it’s not a good idea to fly into this situation blindly. Instead, it’s helpful to weigh out the options to determine whether or not a credit card is truly the right fit for your wallet. Let’s explore the different types…
A credit score is a three-digit number that can greatly impact your life. The seemingly small number reflects a measure of your creditworthiness, which can have an outsized effect on your finances. A good credit score can unlock a lower interest rate on long-term loans, which could save you thousands. But a bad credit score…
Everyone loves a financial windfall. Unclaimed property in the form of a cash payment might give your financial situation a boost. Not everyone will uncover unclaimed property, but the potential to reclaim funds you are owed makes it worth taking a look around. The good news is that it’s easy to search for unclaimed property.…