A credit report is a critical aspect of an established financial system. This helps to determine your eligibility for loans, car insurance and applicable terms for mortgages. Living with a bad credit tends to make things more stressful and at times, expensive as those with problematic credit reports are often given much higher interest rates […]
Read MoreCredit scores are generally used by banks and lending companies to determine the eligibility of a borrower (like for a home or car). This will also be their reference in making the terms of their offer. Higher credit scores will lead to favorable loans and build more trust and confidence on the part of the […]
Read MoreLenders look at the credit scores to determine whether the people applying for a loan can be trusted to pay back the mortgage they are applying for. The better the score, the higher the chances of landing that loan. A bad score, on the other hand, can mean an outright rejection. But not all lenders do […]
Read MoreLife has a way of being unpredictable; anything from an illness to an unexpected job loss can quickly destabilize your personal finances and wreak havoc on your credit. Derogatory items on your credit report can report for up to seven years, so a short-term issue can turn into a longterm problem.A credit reporting agency, like any […]
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