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When people come to us here at Boost Credit 101, they are often looking for ways to improve their credit scores with tradelines. Of course, credit scores are complex. You need to understand just what it is that you are trying to improve before spending money, right? At least, that would be the smart thing to do. Essentially, improving your credit score means understanding the components found within it.   What Is A Credit Score? At its most basic definition, a credit score is a three-digit number that lenders use to determine whether a person is creditworthy or not. Not…

Your credit score is what tells banks and lenders whether or not they can count on you to make payments. A good credit score is an indicator that you have been financially responsible over time. Unfortunately, credit scores can be quite complex and there is a ton of misinformation out there that leads people to make bad financial decisions in order to boost their scores. Today, we want to take you through five common credit score myths that you should avoid getting sucked into at all costs. You Can Boost Your Credit By Making Tons of Small Payments All payments…

When you incur more debt that you can't afford to pay, bankruptcy is sometimes the only option. However, although bankruptcy can help you get out of debt, it won't help your credit score. In fact, bankruptcy can drop your score by 150 points or even more. After you have filed for bankruptcy, you will need to raise your credit score before you will be able to qualify for credit cards, mortgages, car loans and other types of credit. If you are wondering how to increase your credit score after bankruptcy, follow the tips below. 1. Make sure your credit report…

Your credit score is an important number: it will influence whether or not you get approved for an apartment or home rentals, loans and mortgages, and other types of financial undertakings. For more information about the details of your credit score and how to boost a credit score that's not so hot, read on. What Factors Make Up My Credit Score? The first thing you should understand about your credit score are the factors that influence it. Your credit score is calculated based on an in-depth consideration of your bill-paying history, how much of the credit available to you you're…

What does my credit look like after Bankruptcy?  How would I start re-establishing my credit after the discharge? Let’s face it, sometimes you just run into something out of your control, huge medical bills, a freak storm that destroys your home when you lack flood insurance, losing your job, divorce...and when these things occur, the only option, it seems, is to declare bankruptcy. But this doesn’t mean that your life is over. The truth is more than sixty thousand people file for bankruptcy every month. So if you find yourself in this situation, don’t worry, you are not alone. And…