Month: July 2015

What is in a Credit Score?


A credit score is a history of your financial activity, not a progress report of recent spending or a snapshot of your last bill payments. There are many factors considered when establishing your credit score. For this reason, it is difficult to grow your score quickly, or at least as quickly as many consumers believe is possible.

But by understanding what your credit score consists of, the ways to improve it, and factors that bring it down, you will be better armed to navigate your way through the credit market and build your score over time.

“Your credit score is an overall history of your financial habits, not a progress report of recent spending.”

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5 Reasons Why You Shouldn’t Wait to Buy a House in 2015

small inside home

Numerous real estate sites have named 2015 the year to purchase a home. With low interest rates and home price growth slowing, homes are more affordable than they have been in past years. This means good news for first-time homebuyers and other house hunters who want to get a piece of the homeownership pie. While homebuyers are likely to be cautious about looking for homes because of the previous market crash, waiting too long could cost them more than they realize.

Here are five reasons why you shouldn’t wait to buy a house in 2015:

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