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Top Ways to Fix Your Credit Score Now

/ BY / Credit Score

A good credit score is your ticket to reasonable interest rates and the ability to take on new credit. If your credit score has taken a hit, you know how important it is to raise your score. However, this can take years; in fact, negative information can remain on your report for up to seven years. Luckily, there are plenty of steps you can take now to fix your credit score. Before you get started, keep in mind that each of the three credit reporting agencies (Equifax, Experian, and TransUnion) report a different score, but the score most often used by creditors and referred to is the FICO score. If you don't already know your score, you can visit myfico.com and order your score. If you...

Build Your Credit Score with a Secured Credit Card

/ BY / Credit Score

Does it make sense to get a credit card that's tied to a bank account? If your credit score is in the poor range, a secured credit card can be a very good choice. Here's how a secured credit card works. You apply for a credit card with a bank and agree to open an account with them that's linked to that card. The money that you put into the account functions like a security deposit on your credit card. Your credit limit depends on the amount of money you deposit into the account. In most cases, every dollar in the account is a dollar that you have in credit. You charge purchases and/or get cash advances with a secured credit card just as you would with any credit card...

When Good Credit Marries Bad -- How Your Spouse Affects Your Credit

/ BY / Credit Score

If you're recently married or planning on getting married soon, it's important to know how your spouse affects your credit, and vice versa. A good credit score can get you far-not only does it make it easier to get loans and other lines of credit, but it also means you'll pay less over time for them. Developing a good credit score takes discipline and smart spending and credit habits, but it can also be ruined in a matter of months and take years to repair if damaged. The following are some things to keep in mind regarding marriage and credit: Your Credit Scores Don't Combine When you get married, your credit reports and accounts stay separate; in fact, nothing about your credit score...

What Makes Up Your Credit Score?

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Your credit score is one of the most important indicators of not only how you handle your finances, but how willing lenders will be to loan you money for necessities such as a home, car, or financing for your education. But what exactly makes up your credit score? Knowing how a credit score is calculated can help ensure your credit score stays as high as possible and can also help you raise it if it's on the low end. Credit scores 101 Before you know what makes up your credit score, you first need to know what your credit score is. When people refer to your credit score, they are most likely talking about your FICO score. FICO stands for Fair Isaac and Company, which is the company...

Give Your Bad Credit a Makeover

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Are you a fan of makeover shows, where fashion experts help people change their image from dull and dowdy to stylish and stunning? It takes time and effort to complete the transformation, but the results are worth it. But wardrobe and styling aren't the only things that sometimes require makeovers. If you've got bad credit, for example, you've probably found that everything from getting a car loan to finding a job is a lot harder. If you're tired of suffering from the effects of bad credit and want to improve your credit score, there are some steps that you can take to improve it. Here are some suggestions for getting started: Figure out where you went wrong. If you were changing...

 

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