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.
Building a good credit score takes time and effort. Damaging your credit, unfortunately, is a different story. There are few major faux pas that could cause a stellar credit score to plummet seemingly overnight. Here are the big missteps to watch out for. 1. A First Missed Payment Payment history is the most important component of major... Read More
You’ve actively tried to improve your credit. You’ve pulled your free credit reports, checked for errors and identified what was holding you back. But even though you’ve instituted some good behaviors, like addressing that old collection account or making minimum payments on your credit card account, your bad score just won’t budge. What should you do... Read More
Errors on credit reports are more common than you think. In fact, according to a report from the Federal Trade Commission, one in five Americans has one. (You can read more about why errors appear on your credit report here.) Given this proclivity, it’s a good idea to thoroughly check your credit reports for misinformation at... Read More
There it is, like a big financial zit on your otherwise unblemished credit report, that derogatory account information. It’s ugly and you want it to go away as quickly as possible, but before you start panicking, you should start off by making sure you have all the facts. First, find out exactly what you’re dealing with.... Read More
Here’s the quick and dirty on credit reports: You have more than one, and you’re entitled to see them. You can get a free annual credit report from each of the big three credit bureaus (Equifax, Experian and TransUnion) through AnnualCreditReport.com. They’re pretty easy to obtain, it doesn’t hurt your credit to ask for them... Read More
Employer credit checks are controversial. Opponents say job applicants’ credit histories have no relation to job performance. On the other hand, some people argue that credit checks help employers assess the fraud risk an employee poses to the company. For example, someone with a history of late payments may not be an ideal candidate for a... Read More
Mistakenly applying for credit is pretty difficult to do. First of all, you need to provide a lot of personal information during the application process, which you should never do carelessly. “The required disclosures would make it very hard to accidentally apply for a credit card,” said Nessa Feddis, senior vice president at the American... Read More
I was visiting a house of worship last Sunday – no, I didn’t have to wear a name tag – and while listening to Pastor Ryan (who coincidentally is also a lawyer) talk about the ways in which one can gain wisdom, the life lesson he discussed has applications far beyond the realm of morality... Read More
One of the most common concerns we hear from readers is that their credit report contains errors or information they don’t understand or recognize. There are a number of reasons wrong information could be on your credit report, but the solution is often to dispute the information with the credit bureaus to get it removed... Read More
Credit can be confusing, and sometimes overwhelming. But you don’t have to struggle with debt, credit report issues or other financial problems alone. There are reputable sources that can help you get back on track, and many offer low-cost or free credit help. 1. Credit Counselors Financial counseling agencies often do much more than just... Read More
Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.