Having bad credit is one of the leading causes of being turned down for a mortgage. Lenders must do their due diligence to ensure that a borrower is creditworthy, and bad credit is a serious red flag. While credit mismanagement can be a reason, very often, bad credit stems from circumstances beyond someone’s control, such… Read More »
Restoring Credit for a Mortgage
How Long Before a Creditor Can Garnish Wages?
Sometimes life throws us a financial curveball, and we can find ourselves in an unfavorable financial situation. As one struggles month after month trying to scrounge together as much money as possible, they may find that they always end up with too much month left at the end of their paycheck. As the months go… Read More »
How Do You Get a Credit Card with Bad Credit?
If you have a credit score below 580, you have bad credit, and you will have limited options when choosing credit cards. This is because only a few financial institutions will be willing to take the risk of extending a credit limit they may not recover. Low credit scores mean the chances of approval for… Read More »
What is a Credit Report?
Credit reports are documents that contain your credit history, work history, and intimate personal information. Because there are three credit bureaus used in the USA, notably Experian, Equifax, and TransUnion, there can be differences between these reports. This is because creditors are not required by law to report to all of the credit reporting agencies…. Read More »
What are Credit Bureaus?
For many Americans applying for loans or credit from lending companies such as banks or retailers, creditworthiness plays a key role in determining the success of the application. Creditworthiness is usually determined by an applicant’s credit score, which is in turn dependent on several factors that point towards an applicant’s ability to pay back credit…. Read More »