Did you know that your credit history is not only an important factor when making a big purchase, but it can affect everyday life situations, such as renting an apartment, signing up for utilities and even getting hired for a job. The finance experts at Equifax recently wrote an article, “Mythbusters: How Credit Impacts Your Daily Life,” which calls out common[...]
Checking your credit report on a regular basis is an important part of maintaining your financial health. Reviewing your report allows you to see what lenders are saying about you while also staying on top of your payment history. In addition, it can alert you to any potential fraud problems or misreporting of information. However, some consumers don’t check their report[...]
Building good credit can take a significant amount of time and discipline, as it results from a history of creditworthy behavior. By paying attention to your credit now and establishing a strong credit history, you will most likely be rewarded later through low interest rates and financial savings. A 2010 report from the Annie E. Casey Foundation stated that an[...]
The credit experts at the Equifax Finance blog explain how credit information make its way into a credit report in the recent article, “ How Do Credit Reporting Agencies Get Their Information?” You know that your credit report contains a lot of the information that lenders need to make a decision about whether or not to lend you money (or extend you[...]
Applying for a line of credit can be a daunting process, and it can be incredibly deflating if your application is denied. Instead of panicking, take the time to learn why you were denied so that you can begin to rectify the problem and strengthen your credit in the process. In the article “Six Steps to Take if Your Credit Application is[...]
If you have a credit monitoring service currently in place to help you keep an eye on your credit file, you will most likely receive an alert at some point. The alert may be from a change requested by you, such as when you apply for a new line of credit. However, if the alert comes from activity that you[...]
With the recent rash of retailers reporting data breaches, more and more consumers are considering holding on to their cash and using their cards less. Just like the debate continues around whether or not paying in cash for your new home is a good idea, the experts believe there are reasons both for and against living a cash-only lifestyle. As the[...]
[youtube https://www.youtube.com/watch?v=b8yvwsjcAXE&color2=FBE9EC&version=3] Just as an annual health check is important each year, checking your financial health is just as important. Academy Mortgage recommends checking your credit report on a yearly basis for inaccuracies or misinformation, as this can affect your credit score and the ability to get a mortgage for a new home in Atlanta. Everyone is entitled to a free credit[...]
As people head out in search of new homes this spring, there are a few things to keep in mind. While you might think that a set of directions is the most important item you’ll be bringing along, it’s not. In fact, there are 3 important items that people tend to leave behind: their credit scores. A recent post on[...]
Surprise, surprise! You’re ready to get a mortgage loan for your new Atlanta real estate, and your lender finds a problem on your credit report. Fortunately, the experts at the Equifax Personal Finance Blog have some words of advice. In the Equifax article, “ How to Find and Dispute Credit Report Errors,” the experts begin by reminding you of the basics. If[...]