by Sam | Aug 27, 2018 | Building Credit, Credit Cards, Improving Credit
Many people believe that carrying a balance will help them build credit or up their chances of getting approved for a credit card. People think that if they pay interest then the bank is making money off them (that part is true!) So if the banks are making money,...
by Sam | Aug 6, 2018 | Building Credit, Credit Scores, Identity Theft, Improving Credit
Updated: 05/15/19 In today’s day and age, we hear daily in the news of new hacks and new identity theft stories. By now everyone knows how important it is to properly monitor your credit report to make sure that no thieves are able to open any credit cards or loans on...
by Sam | Jun 3, 2018 | Improving Credit
The FCRA (Fair Credit Reporting Act) instructs all three credit bureaus that they must provide every American consumer a right to receive a free copy of their credit report annually. But, as the saying goes, “When getting free honey, you may get stung too”. So here in...
by Sam | Apr 8, 2018 | Building Credit, Improving Credit
There are two types of loans or debts which a person can possibly have. One type is an installment loan. (For example: mortgages, auto loans, or any loan that has a fixed amount that needs to be paid every month.) Another type is the revolving loan. (For example:...
by Sam | Mar 26, 2018 | Improving Credit
Before I start, I want to make it clear that this post is referring to positive re-aging credit. This is 100% legal. We are not discussing re-aging negative marks. Re-aging negative marks is illegal (we hope to discuss that at one point in a separate post.) Re-Aging...
by Sam | Feb 5, 2018 | Building Credit, Improving Credit
One of the biggest factors that credit models look at when calculating a credit score (it makes up 30% of a Fico score) is credit utilization. Credit utilization means how much of your credit line you utilize. The less money you spend on your credit cards, the less...
