4 Tips for Rebuilding Credit After Getting Out of Debt

Trying to rebuild your credit score may seem like a daunting task, especially if you’re doing so after having one or more debts end up in collections. It might even feel similar to standing at the base of a mountain, wanting desperately to make it closer to the top but wondering how in the world you’re going to get there. Any avid hiker would probably offer up advice along these lines: Do your research, make sure you have the resources you need ahead of time, then take it one step at a time...
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Building Credits Without Credit Cards

The very key to avoiding the snags people experience through their everyday lives is by building credit. The responsible usage of credit cards is one of the best ways to create and build good credit scores. However, if a person prefers not to use credit cards, then he or she must know how to build credit solely without the use of the said cards. These alternative methods generally focus on the application of loans for which differ depending on the type of loan convenient and appropriate ...
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6 Credit Myths that should be Dispelled Right Now

While credit plays an important role in our lives, it’s still surprising how little some people know about it. Many myths are still floating around about credit that might seem to make sense at first but could end up ruining your credit instead. By understanding how credit works, you won’t only be able to maintain or improve your credit, but you can also increase your chances of getting financing in the future. Here are some of the most common myths and misconceptions about credit and the t...
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Securing an Auto Dealer Bond Despite Bad Credit

Each state has its own rules and regulations for businesses that want to operate as licensed auto dealers, but one thing remains constant. An auto dealer bond is part of the process of legally operating a dealership regardless of the size of the dealership, its niche market, or its location. Auto dealer bonds protect consumers from fraudulent activities or misrepresentation, and for this reason, are tied to certain attributes of the dealer like personal credit history. If you have less than perf...
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How To Check Your Real FICO Score For Free?

The law allows you to get a free copy of your credit report from each of the 3 major credit reporting bureaus once every year. You can go to the Annual Credit Report website to request your credit reports at no charge once each year. This credit report lists your credit accounts, history, and other factors. It does not tell you your credit score though, and this is something that you really need to know. In the past you had to pay to see your FICO credit score but this is no longer true....
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Ways to Get Credit with a Poor Credit Score

No one starts out thinking they will ever face credit ruin, but when debt becomes difficult to manage and too many late and missed payments are reported to the credit bureaus, credit scores take a dive. For some people a poor credit score is a result of irresponsible money management while for others it’s the result of an unexpected curve, as in a job loss or a medical emergency that wreaks havoc on their finances. The most challenging scenario for anyone needing credit is the devastation of ban...
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The Importance of Credit Education for Women

Just think, less than sixty years ago, a woman would have been hard pressed to get a credit card in her own name. While it’s been rather slow in coming, we’ve come a long way since then. In the 1960s, Americans addressed discrepancies between the sexes and enacted laws that would help level the playing field for women in areas of employment, housing and finance. Today thanks to many of these anti-discrimination laws, more women are in positions of authority and are the major breadwinners for the...
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Credit Score 101

A recent survey conducted by CouponCabin.com uncovered that 47% of Americans don’t know their credit scores. That startling percentage suggests that nearly half of Americans not only have no clue what their own credit scores are, but that they are also unaware of what exactly affects their scores and the negative implications of poor credit scores. It’s important to understand credit scores and how bad ones could cause you problems in future when it comes time to apply for a credit card or a...
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Building Credit for Your Small Business

The importance of establishing a healthy credit history is just as important for businesses as it is for private citizens. Neglecting to do so, most small businesses will fail because opportunities for growth or to improve the business are typically dependent on being approved for working capital loans that can be used to purchase equipment and hire more employees to take their business to the next level. A business’ credit history will demonstrate their ability to responsibly repay their loans ...
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The Importance of a Credit Report Check-up

There are many things in life that require close scrutiny or a comprehensive investigation – otherwise known as a checkup – to be sure all is in proper order. Visit a physician for a checkup to verify the condition of your health. Shop at a used car lot, kick the tires and request a CarFax® report to checkup on the history of a car before signing on the dotted line. But there’s one checkup that many consumers fail to perform that can directly affect every aspect of their life – their credit repo...
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