Fortunately, if your credit score has taken a hit, you can initiate several actions that will begin improving it almost immediately. Just be aware that it can take many years to recover from severe credit-damaging situation such as bankruptcy or foreclosure.
Budgeting your finances and being mindful of how you spend will be key in creating a foundation for a healthy financial picture going forward.
Aleta from Mena, Arkansas, has had a hard time getting a decent rate on a car loan all because of a mistake on her credit report. The problem started...
The nation's for-profit credit reporting companies, which developed credit reports as a tool for lenders, have sought new markets for their product and aggressively marketed them to employers -- evidence be damned.
The idea of "gaming" your already-excellent credit score to drive it up is not going to benefit you in any substantive way -- there's little or no difference between the interest rates or credit terms offered to people with an 800 and those offered to people with the elusive 850. So gaming it doesn't help anything but your ego.
It's pretty simple: If you don't pay your taxes, the IRS can file a notice of federal tax lien with the credit bureaus, and that's a huge negative on your credit reports.
Spring is such a wonderful time of year! The weather warms up, flowers start to bloom, and farmers markets are suddenly everywhere. All these pleasant...
Whether it's free from a lender, through any number of websites or through the purchase of a credit monitoring service, any time we can expose consumers to credit scores and the context around how that score was calculated, consumers benefit.
You're probably watching obvious items like your credit cards, and making payments on time, but there might be some forgotten items causing problems with your credit, and dragging down your score.
No credit history means no credit score. And no credit score makes lenders hesitant to give you even small amounts of credit. So how does anyone get credit in the first place?
The director of the Consumer Financial Protection Bureau (CFPB) wants banks, particularly credit card lenders, to provide consumers with their free cr...
Here are five things you can do to protect your good financial name in the event that stars, once aligned, go spinning off into the cold universe, and you find yourself thrust from loving cohabitation into relational isolation.
You should explain to them about credit and how swiping a credit card doesn't mean you don't have to pay for things. After you buy something with your credit card, show them your monthly bill after so they understand how credit cards work.
We must continue to advance these important efforts in our high schools, colleges and communities. The stakes for our students and our nation are high, but we are making progress in empowering Americans to take charge of their financial futures.
With holiday spending and New Year's resolutions fresh in our mind, January is a good month to get serious about paying down your debt.
Currently, more than 40 million Americans hold student debt. The population with student loans is approximately four times greater than the population of Sweden.