Everyone is pretty familiar with what a FICO credit score is. But there’s a new credit scoring agency in town, and in the next few years it may replace the FICO score all together. What most people don’t understand is that there are many agencies who produce credit scores. FICO...
Author Archives: Financial Pros
The Sticky Truth About Loan Modifications – Part 1
Have you ever considered getting a loan modification? If so, you’re not alone. Many people who fall behind on their loans are quick to turn to them, hoping they’ll provide some level of relief. But, many soon realize that a loan modification wasn’t quite what they expected. The Amount Owed...
2 Ways To Get A Good Credit Score Fast
Need to rebuild your credit? There are several ways to go about improving it. Some are obvious, some not as obvious. Here are two in particular that most people aren’t aware of: Go to a bank or credit union and get a prepaid credit card. This is where you give...
Major Hidden Factor That’s Killing Your Credit Score
One of the biggest mistakes people make when trying to be ‘responsible’ with their credit is using too much of it. Most people believe that if they use their credit cards to the max and pay it off at the end of the month, this helps build credit. This is...
6 Tips For Pulling Your Credit Score Out Of The Dumps
A shaky credit score means the difference between getting approved for a loan and being denied. And when you’re ready to go for that first home, or new car the last thing you want is to be denied. If you know your credit is bad, there’s no time like now...
Get Control Of Those Hectic Interest Rates In Two Simple Steps
Are you throwing a lot of money at your credit card debt, but aren’t seeing a real difference? This is common where the borrower may be making the monthly payments on time, but still seeing a high balance. Here’s the issue. If you’re carrying around a $5,000 credit card debt...
Steps To Take Before Your Payday Loan Defaults
Have you gotten yourself into hot water because of a payday loan? These loans may seem like the perfect solution to your problems at first. Especially, when you need it for an unexpected expense. But if you aren’t careful, you may find yourself falling into default. The first time you’re...
4 Things You Should Know About Payday Loans Before Getting One
When you’re strapped for cash with nowhere to turn, taking out a payday loan may seem like a great quick fix option. But what most people don’t realize is that pay loans are usually the beginning to a vicious cycle of “catch up”. The borrower usually takes out a certain...