The Federal Reserve voted to raise interest rates a quarter point on Dec. 16. This will have little effect on homeowners with fixed mortgages, but those looking to buy should maintain clean credit to compete with others in the market for a home.
Credit Repair News
The holidays are officially over, but the rippling negative effects of all that spending are still felt in your bank account and credit report. Moving into the new year, you will likely want to get your finances back in order so things can return to normal, and you can reach your monetary goals for 2016.
Missing payments, cancelling old cards, or spending to close to your monthly limit will hurt a FICO credit score.
Identity theft is a substantial crime that can lead to a low credit score and problems in the future.
Credit card debt can bring your credit score down and keep you from qualifying for loans or additional lines of credit. If debt is keeping your score low, start paying of your credit card bills and follow these five tips to help you eliminate debt quickly.
Understanding the valuations that formulate your credit score can help you make smart financial decisions, and guide you in the right direction if you are doing credit repair.
Store credit cards can lead to financial trouble down the road.
Your credit score acts as a report card for your financial responsibility. It is an indicator of your ability to pay off loans and other acquired debt.
Debt can get in the way of many aspects of life, leading to stress, under performance at your job, relationship issues and a host of other problems.
When the holidays roll around, spending a great deal of money becomes commonplace among most households.