A credit score can determine many things, but many people will be surprised to know credit can have a dramatic affect on your love life.
Credit Repair News
The federal shutdown is now approaching its close, as lawmakers near a deal that will bring non-essential government workers back to their jobs and perhaps even avoid the looming potential for another debt ceiling impasse.
Millions of Americans may know full well that they are able to order copies of their credit reports at least three times per year completely free of charge. However, a new law in California may make it even easier for them to do so in the near future.
If you’re in a position where you want to get your credit standing back to a respectable level after having suffered some financial problems in the last few years, you’re probably thinking about the many ways that you might be able to accomplish that goal.
There are many ways that consumers can either improve or chip away at their credit in the course of handling their finances, and often, the things that constitute bad habits can dramatically outnumber the good ones if you’re not careful. For that reason, it’s vitally important that you know some of the missteps you might be making without even realizing it, and how you can avoid them going forward.
When you’re making efforts to improve your credit standing, for any reason, you may make significant efforts to pay down your credit card debts and other balances all the way down to zero. But once you have done so, particularly where your credit cards are concerned, you might want to think twice about closing those accounts altogether.
If you’ve taken the time in the last few years to educate yourself about the potential problems that can arise from mishandling your credit, you probably also know that your scores can sometimes drop through no fault of your own. Thousands of people across the country recently learned that the hard way thanks to an error from a well-known housing giant.
If you’re trying to get your credit scores back in order after they took a little bit of damage, you might have undertaken the very wise task of trying to reduce your various outstanding balances as much as you can. This can have a huge positive impact on your standing, but also your overall finances, because it means you will have to devote less money to paying your credit card bills every month.
The job market nationwide has recovered considerably in the last few years but still has a ways to go to get back to historical norms. Nonetheless, if you’ve been out of work for a while, or have just graduated from college, you might now be going on more job interviews than you have in the recent past.
Many Americans are well aware of the ways in which their credit standings will affect their finances one way or another. That little three-digit number can go a long way toward determining whether you’ll get credit you apply for, and how much you pay for it. But what many may not know is that the details of their borrowing history can also be used to figure out whether they’ll be able to obtain insurance as affordably as others.