Tag: credit

Factors to Consider When Choosing the Best Credit Repair Company

Jericho Fisher

Having a good credit score is essential because it may affect factors such as where your work, insurance premiums and can lead to denial of loans. Your credit score can affect the chances of loan approval and your insurance cover. Finding the best credit repair company will enable you to fix your credit and enable you access loans. Here are essential factors to help you in selecting the best credit repair company.

Check the Experience

Credit repair may seem easy, but fixing it may be a complicated process. Therefore, you need to hire an experienced credit repair company because they have good intentions to help you fix your credit. It is essential to research the credit repair company you plan to hire and ensure you check the years of experience they have been serving clients. Consider looking at their portfolio to check whether they deliver what they promise to their customers.

Read Customer Reviews

Nowadays, most companies have websites where you can check for information online, unlike the ancient times where people relied on word of mouth to find trustworthy credit repair companies. Reading customer’s reviews will enable you to know previous customers’ experiences with credit repair companies. Consider …

Mistakes That Will Lower Your Credit Score

William White
a person receiving credit finance

A credit score is necessary for your general financial health. Lenders and creditors rely on it when deciding to work with you and the costs involved in the process. Getting a credit score above 800 is an uphill task since it takes dedication and hard work. Unfortunately, many people unknowingly make errors that have an impact on their rating. Such mistakes do not only affect your score but also affect the interest rates in the long run.

Here are some mistakes that can lower your credit score:

Avoiding All Types of Credit

avoid all kinds of creditYou could find yourself in problems due to credit, but you need not avoid all kinds of credit. Instead, choose good credit and steer clear of the bad ones. It is only through good credit that you build your credit score and avoid falling into the debt trap.

In some cases, renting an apartment can be a problem if you lack a credit record. It is because most landlords require a copy of the credit report. Provided the payments are on time and the credit card balance paid off in full, you will be fine.

Making a Late Payment

late paymentsWhen you forget to settle payment for your loans…