What is Revolving Debt?
Revolving debt is debt that occurs with a credit card or a home equity line of credit. It is called revolving because as the debt is paid off, the person can charge new debt to the credit card or line of credit. This is different than installment debt, where the amount is borrowed in one… Read More »
How Often Does Your Credit Score Update?
A credit score is a three-digit number that ranges from 350 – 800. Everyone has a credit score. It’s an important number that lenders use to help determine an individual’s creditworthiness. The score is calculated based upon an individual’s past payment history and information. The manner that a person handles credit matters is reflected in… Read More »
How Does Your Credit Score Impact Your Auto Loan?
There is nothing as American as owning your own car and taking it out on the open roads for a new adventure. Plenty of people get into their vehicles on any given day to do exactly that. That being said, this is by no means an inexpensive decision. As a matter of fact, it is… Read More »
How Will Student Loans Affect My Credit Score?
A college education is nearly a necessity in the fast-pace economy that we now live in. It is quite difficult to get much of anywhere without having a degree in hand. Unfortunately, a college education remains an expensive purchase for the vast majority of students who attend. It is so important to understand how student… Read More »
How Fast Can I Improve My Credit Score?
A credit score is a 3 digit number, which lenders use to help them decide the likelihood of the borrower repaying a loan on time. Having good credit is an important factor in a person’s financial life, which determines loan and credit card eligibility. People with better credit often have lower interest rates, better car… Read More »
Why Do People Get Declined for a Mortgage?
Getting a home mortgage is not as easy as it once was. There are a lot more challenging situations and lenders are becoming very selective about how they loan money to the especially large amount that is needed to purchase a home. If you have been declined for a mortgage you are not alone. These… Read More »
What are Credit Bureaus?
It won’t take long to hear about credit bureaus when you’re learning about your credit score. They’re the agencies that compute scores based on internal criteria and data they receive from third parties. There are three primary bureaus, Trans Union, Equifax, and Experian. Each of these companies keeps a running tab on consumer’s scores and… Read More »
Colorado Credit Repair Services
Synergy Credit Pros is here to help you improve your credit. Your financial standing or credit history does not matter. We can help you get your credit score to where it needs to be. We know that many people have been a victim of credit fraud. They may have inaccurate information on their credit report…. Read More »
Common Mortgage Myths That You Need to Be Aware Of
Getting a mortgage can be an overwhelming process filled with confusing terms, misconceptions, and hard-to-understand loan options. It isn’t just first-time buyers who can feel they are in over their heads; buyers on their second or third home purchase may also fall for common mortgage myths that can end up costing thousands over the life… Read More »
How Do You Build Credit Without a Credit Card?
Building your credit up and working towards a great credit score is highly advisable if you want to have a secure financial future. Having access to lower interest rates and better mortgage or loan offers is extremely helpful while navigating life. If you want to build your credit score but you do not currently have… Read More »