Could My Business Loan Wreck My Credit?

Credit Score

Could My Business Loan Wreck My Credit?

Could My Business Loan Wreck My Credit?

A couple I’ll call Jake and Marcia purchased a coffee shop. The business was really Marcia’s dream, not his, but she was persistent and he reluctantly agreed to try to help out. Things went badly from the start and within less than 18 months they were forced to shut it down. But that wasn’t the… Read More

5 Ways Having No Credit Score Can Hurt You

Credit Score

5 Ways Having No Credit Score Can Hurt You

5 Ways Having No Credit Score Can Hurt You

If you don’t plan to borrow money, what difference does your credit score make? Why even sweat it? As counterintuitive as it seems, you could end up spending more money because you don’t have a credit history. (Though like any other tool, credit used irresponsibly can do more harm than good.) But let’s say you’re… Read More

4 Common Mortgage Killers & How to Survive Them

Mortgages

4 Common Mortgage Killers & How to Survive Them

4 Common Mortgage Killers & How to Survive Them

Applying for a home loan these days requires detailed documentation. Expect to show everything from full tax returns, pay stubs, bank statements, to letters of explanation regarding your credit, debt, income and assets. However, that leaves quite a bit of room for challenges to pop up. Here are four common roadblocks you may encounter in… Read More

How to Build a Great Credit Score From Scratch

Credit 101

How to Build a Great Credit Score From Scratch

How to Build a Great Credit Score From Scratch

At some point, everyone has no credit history. We all have to start somewhere, and with good planning and smart decisions, you can get a great credit score. It’s not an exact science — nothing with credit is — but building a great credit score isn’t complicated. Here are the basics. 1. Start Your Credit… Read More

What Will Leave a Black Mark on My Credit Report?

Credit Score

What Will Leave a Black Mark on My Credit Report?

What Will Leave a Black Mark on My Credit Report?

When you’re looking to apply for a loan, lenders place a major emphasis on your credit report. Your credit history includes your amount of debt and payment history, as well as other factors, and lenders look to your past credit behavior to see whether you’ll be a good credit risk going forward. There are some… Read More

Does Your Credit Report Have a Doppelganger?

Credit Score

Does Your Credit Report Have a Doppelganger?

Does Your Credit Report Have a Doppelganger?

Credit reports often feel like a mystery, particularly if you haven’t seen yours. But what if you discovered you had a second credit report you didn’t know existed? “It’s a pretty rare thing,” says Carla Blair-Gamblian, director of credit education for Veterans United. But every once in a while she’s seen situations where a client ended… Read More

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