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January 2014, also known as New Year’s resolution time. One of the biggest resolutions, along with losing weight, getting out from under debt, quitting smoking or even getting a new job, is improving credit. There is only so much a person can do improve credit as far as actions they take. What do I mean? As an example, if you have a bankruptcy, you may ask yourself what you can do. It’s there, like a big red beacon. A BK can be on your report for up to 10 years, and there’s very little you can do to change it,…

There’s a lot of things we tell ourselves we will do in the new year, lose weight, eat better, exercise more, be kinder to ourselves and others, volunteer, etc. But only 46% of all resolutions will survive the six month mark. If you have a financial goal, and if you have credit card debt, then your first goal must be to get out from under it. WHAT IS THE TYPICAL COST TO PURCHASE A TRADELINE? With the state of the economy, if you have credit cards in your name then you are one of the lucky ones. You have the…

The answer to this question isn’t a simple ‘yes’ or ‘no.’ Many times we will see people that have good incomes but have not paid the proper attention to how they are handling their credit accounts. It may not seem like a big deal to be late a few days here, a few days there, but after time this negative information adds up and drags your score down. Think of it like a neutrally buoyant object floating on the ocean’s surface. The more negative things on your report, the more weight you add, eventually causing you to sink, sometimes drastically.…

Your credit score is like any relationship. And while it may not require you to be quite as sensitive as a significant other, it does take paying attention to, but even with the best of intentions, things can get a little rough at times. Perhaps your bills have been late a few months in a row, and now your credit has taken a dip. You’re not alone as tens of millions of people in America have sufficient negative information on their bureaus to affect their ability to get loans and credit cards with reasonable terms. Or perhaps your credit is…

Remember when you were young and your dad would put you on his shoulders and run you around the yard? If that never happened to you, just imagine it for a moment. You’re tiny and someone big put you up high and showed you life from the top. So many possibilities from such a perspective. WHAT IS THE TYPICAL COST TO PURCHASE A TRADELINE? As adults, for us to have a proper playground where we play with the big toys, our credit scores determine the playground, determine the toys, but sometimes we have some bad luck and our scores take…

If you’re reading this, you probably know where you’re sitting credit wise. If not and you’ve stumbled onto this website through random chance, you’ve come to the right place, just trust that the universe has found you here for a good reason. If you don’t know your credit score, check out credit karma. If you haven’t seen you reports since your last two New Year’s Resolutions expired, check out AnnualCreditReport.com I NEED TO BUY A TRADELINE, BUT I’M NOT SURE WHAT TO DO WITH IT Today's questions are, what credit score do I need to get a great credit card,…

It’s probably fairly common knowledge that if you wish to acquire the finer things in life, i.e. a nice car, or a decent mortgage, you need to have a good credit score. But I don’t know how many people I’ve talked to in the banking industry who claim to meet people in their mid-to-late twenties and even beyond who just have no concept of how important credit is in this world. One of the biggest factors in a credit score is the history itself, so what age should you be looking to start? I NEED TO BUY A TRADELINE, BUT…

In a lot of ways, a person’s first credit card is a lot like a first weapon. If you don’t know how to handle it, the blade, or in the case of the card, debt, can slice you deep if you don’t know how to handle it. But before you even worry about that, the big question is: “How do I even get my first credit card?”The first card is like that job you want but can’t get because you have no experience. Asking bankers at multiple institutions, a major reason that their youngest applicants don’t get approved is “lack…

It’s easy when you’re young to just not worry about credit. It’s some made up number created by ghostly corporations that have little to do with you. You shouldn't ever really feel like you have to grow up, but creating and maintaining an excellent credit score is definitely one of the “grown-up” things that should be taken seriously. Why you may ask?  Because if you ever want to accomplish that most kingly of tasks, owning your own home, then your credit gets relevant in a hurry. There are two big questions regarding mortgages: 1: What credit score do I need to qualify for a…

Navigating what makes a great credit score can sometimes feel like being on the ocean during a storm. There’s a lot of people willing to give you advice and not a lot of solid information to draw from. The companies that produce the FICO score are very secretive about how exactly they calculate your scores, but they are upfront about certain things, one of them being credit utilization, or more accurately, debt-to-credit utilization. I NEED TO BUY A TRADELINE, BUT I’M NOT SURE WHAT TO DO WITH IT It is widely known that there are three types of credit: mortgage,…