Credit 101

Our Credit.com experts are here to provide you with a practical, real world credit education. They’ll teach you credit basics such as: what is a credit report & score, how to shop for credit & score is & how to understand & compare APRs. They’ll also brief you on the type of credit products available and how to evaluate which one is right for you.

Does Getting a Co-Signer Hurt My Credit?

Does Getting a Co-Signer Hurt My Credit?

Does Getting a Co-Signer Hurt My Credit?

When you don’t have a credit score good enough to get a loan, it’s easy to feel stuck. It takes credit to build credit, after all. Some borrowers turn to friends and family to help. Specifically, they may ask someone in their life to co-sign for them. When someone co-signs for an account on your behalf,... Read More

Is There a ‘Best’ Time to Check My Credit?

Is There a ‘Best’ Time to Check My Credit?

Is There a ‘Best’ Time to Check My Credit?

You’ve probably heard repeatedly that you should be keeping an eye on your credit. After all, the various versions of your credit scores help lenders determine, among other things, the rates they’ll offer you on an auto loan, credit card, mortgage, cell phone plan or insurance policy. Your credit reports can even factor into a company’s application process. But... Read More

Should I Be Worried If My Credit Score Dropped 10 Points?

Should I Be Worried If My Credit Score Dropped 10 Points?

Should I Be Worried If My Credit Score Dropped 10 Points?

You’ve decided to check your credit every month. And, since you’ve been working hard to establish a good credit score, you’re a bit disheartened when you learn that your number appears to have dropped over the last 30 days. Should you also be worried? Not necessarily. Why the Drop?  Credit scores are dynamic — they change... Read More

How to Build Credit Without Going Into Debt

How to Build Credit Without Going Into Debt

How to Build Credit Without Going Into Debt

Unless you were born in some remote location and lived off the grid your entire life, it’s not news to you that good credit is needed to function in today’s society. Your credit history is what indicates your trustworthiness to lenders, stores, and even employers and landlords. Bad credit or no credit is a major... Read More

Why Do Credit Card Issuers Need to Know My Income?

Why Do Credit Card Issuers Need to Know My Income?

Why Do Credit Card Issuers Need to Know My Income?

Ever wonder why credit card issuers ask for your income on the card application? You’re not alone. Fortunately, we tapped Eric Lindeen, vice president of marketing for ID Analytics in San Diego, California, which offers credit risk management scores to issuers, to explain why. The Credit CARD Act of 2009  The Credit CARD Act of 2009 requires a consumer’s... Read More

How Do Credit Inquiries Affect My Credit?

How Do Credit Inquiries Affect My Credit?

How Do Credit Inquiries Affect My Credit?

An inquiry occurs when your credit report is pulled. This may happen when you apply for a new credit card or take out a personal loan. There are two types of inquiries that assess your report: hard inquiries and soft inquires. Here, I have broken down the difference between the two and how they can... Read More

6 Times Your Credit Report Is More Important Than You Think

6 Times Your Credit Report Is More Important Than You Think

6 Times Your Credit Report Is More Important Than You Think

Credit reports play an important role in your life beyond the world of credit cards, mortgages and student loans. As you build a credit history, you’re developing a key component of your future that may affect your job, where you live and even the phone in your pocket. Loan officers and credit card companies aren’t... Read More

Help! I Don’t Recognize This Student Loan on My Credit Report

Help! I Don’t Recognize This Student Loan on My Credit Report

Help! I Don’t Recognize This Student Loan on My Credit Report

So you finally pulled a copy of your credit report, and right off the bat you noticed something’s not right. You don’t recognize one of the creditor’s names, and they say you have significant student loan debt. What should you do? First of all, don’t panic. There’s a chance it’s all a mistake, so you’ll need to approach this strategically. Here’s... Read More

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