Emergency fund: how much should you be saving for unexpected expenses?

An emergency fund is like a back-up plan, in case you get short of funds or need funds urgently. Such events are costly and unexpected, and even stressful for some. Following are the top events that can be called emergencies: Loss of Job Dental or Medical Emergency Troubles with Car Travel expenses that are unexpected … Read more

Debt-to-Income ratio guide

There are a lot of terms in the world of finance that you should know about. One of them is the Debt-to-Income ratio. Among all other ratios, this ratio is crucial to understand since it impacts your credit score and ability to take loans. The definition of Debt-to-Income ratio The debt-to-income (DTI) ratio allows you … Read more

Do student loans affect credit score?

Education can be expensive. A lot of students and parents resort to taking student loans to get through college. Paying off the student loan can take a considerably long time. You might wonder if it affects your credit score and hence your ability to borrow further. When you take a student loan, it is reported … Read more

How to freeze credit report?

Credit freeze or credit report freeze is one of the best ways to keep criminals at bay from gaining access your credit without your approval. Process to freeze your credit is absolutely free for everyone in the United States. In fact, recently a new law has been presented on September 21, 2018. This law enables … Read more

How do hard inquiries affect on your credit score?

Maintaining credit scores and understanding how it works is an important task. There is a possibility that your credit report could have errors that might be damaging your credit scores. Or the credit cards that are not in use could backfire against you. Even sometimes when your credit report is accessed by some retailers or … Read more

How to get financing for your dental work?

If you need work done on your teeth, chances are you’re already not all that happy to go to the dentist. If you’re like most Americans, you are scared or at least intimidated by the sounds of the drill, as well as all the other signals that you pick up that indicate discomfort if not … Read more

8 Ways to get an apartment with bad credit

Problems with bad credit don’t just stop at a car loan or mortgage rejection. They can even go as far as denying you the opportunity to rent your ideal apartment. Yes, your poor credit history can be a major obstacle when looking for an apartment to rent. A majority of landlords and just about all … Read more

What are the best credit repair companies? Are they worth the money?

Poor credit will cost you. You know that, and so do the credit repair companies that advertise on late night TV. Or with roadside signs that scream, “Repair Bad Credit $299.” The credit repair business crawls with scammers who make empty promises. Should you stay away from credit repair companies? Maybe not. We’ve investigated when … Read more

How to build credit with a credit card?

What is your credit score? Your credit history influences your ability to take out a loan, rent an apartment, obtain low cost insurance and get a job. Building your credit score is a task that you should take seriously. But you shouldn’t start paying interest to get a credit score. In this guide, we explain … Read more

Identity theft definition: What is an identity theft?

An expected 211 million Americans will make purchases online in 2016. Millions shop online, every single day. You’re probably one of them. You may have even purchased something today. Did you know that online shopping is just one of the many ways our identity, including financial information, can be stolen? Other “risky behaviors” include buying … Read more

What credit score is needed to buy a car?

We all know what a good credit score means in terms of getting a mortgage or in this case buying a car. The better the credit score you have, the better the interest rate will be on the loan you get for your new car purchase. Buying a car soon? Check your credit first! See … Read more

First time home buying guide

Buying a house is one of the biggest decision you’re going to make in your life. It is important to have a clear understanding of what buying a house entails. First of all, it costs a lot of money. That’s why it shouldn’t be taken as something that comes easy to anyone, even if you … Read more

(CPN) Credit Privacy Number – It’s a SCAM. Be aware!

A credit privacy number or CPN for short is a nine-digit number used for credit purposes instead of your social security number (SSN). When you’re signing a credit document, you need to provide your social security number, which can be for some people something they rather not do. In the age of online identity theft, … Read more

Collection agency debt: Impact on your credit score

Credit scores are extremely important, not only for getting mortgages, loans or higher credit card limits, but even if you’re looking for a job. Some employers have started taking a look at your credit score before they even consider to hire you. Because of this, many of us have made it one of our top … Read more

How does a secured credit card work?

Secured credit cards serve a very important purpose to those who have them. First of all, they help establish a good credit history. This is especially useful if you’ve immigrated to the US or have gone through a divorce, since your credit in those cases will probably be nonexistent or extremely damaged at least. Secured … Read more

Three major credit bureaus and their scoring systems

Your financial well-being is determined by your credit report and your credit score, but do you know who the companies are that collect your information to provide you with your credit reports and credit scores. Your credit information is housed within three large companies that contain huge databases of credit information, known as credit bureaus … Read more

Understanding different credit score models (FICO, FAKO, Vantage)

Honestly: Credit scoring is a rough science at best. So it’s not really surprising that there are a ton of different models. You may know that the most reputable scores are FICO scores. According to their website, their scores are used by 90% of the top lenders. Non-FICO scores are often called FAKO scores by … Read more