Category: Understanding Credit

How To Build A Strong Credit Score

Consumers who know the value of their credit score will work hard to maintain a great score from day one. Those who never learned the importance of their credit score might make financial mistakes that cause them to learn the hard way. Whether a person is building their credit score for the first time or […]

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Insufficient funds: Decline the transaction or pay an overdraft fee?

When looking to make purchases and payments on a regular basis, it’s important to make sure that you have enough money available. There are times when an individual doesn’t have enough money to make a purchase and therefore faces the dilemma of either spending more money than they have and paying a fee or not […]

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Reasons Why Your Credit Score May Drop

Whether you need money to boost your business or meet your daily personal expenses, access to finance will play an important role in helping you get ahead. However, before you apply for financial assistance, you will need to establish whether you are eligible and if you qualify for the financing you need. Today, a good […]

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What you need to know before freezing your credit

Over 143 million Americans had their sensitive personal information exposed to hackers in the recent Equifax data breach. There’s a good chance that you or someone in your household may have been impacted by this historically huge data hack. The bad news: your information is probably already in the hands of hackers that can use […]

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Credit Rating and Loan Applications

Credit rating is a subject grossly misconstrued by many consumers, and it’s largely due to the lack of education provided to young people regarding what credit is, how it’s used, and why it matters. It’s not a subject discussed in the average high school classroom, and many people miss the opportunity to teach their children […]

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The Big Risks of Cosigning for Student Loans

A person might have a child, family member, or even a close family friend who is about to start college. They turned in their applications, they got accepted into their school of choice, and they got their financial aid award letter. BUT because their dream school’s financial aid award doesn’t completely cover the cost of […]

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Marrying Someone with Bad Credit

It can be very challenging to build a strong financial future together, even for the most compatible of couples. It’s even more difficult for newlywed couples with very different credit scores to blend their finances and sometimes, it’s even unwise to do so. If your credit is good and your other half’s credit is not, […]

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The Difference between Hard and Soft Credit Inquiries

Consumers should be very concerned about their FICO scores because they have an influence on loan qualifications to purchase a home, automobile, insurance policy, phone service, and utility services. High and low FICO scores determine the interest rates applied to a loan once it is approved. What consumers may not know is that every time […]

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Fair Credit Reporting Improvement Act of 2014

The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection, distribution, and use of consumer credit information. Along with the Fair Debt Collection Practices Act (FDCPA), FCRA forms the base of consumer credit rights in the United States. It was originally passed in 1970, and it’s enforced by the Federal Trade Commission. This seemingly outdated Act may receive […]

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Saving for College: Graduating with the Least Amount of Debt

By June most recent high school graduates know what college they are going to, but many of them may still not know how they are going to pay for it. We’ve heard the stats that the average debt students have upon graduation has skyrocketed to $35,200, according to a recent Fidelity survey, and that the […]

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Becoming Debt Free Starts Here

If you're struggling to make ends meet, our team of certified counselors are waiting to help you find a solution that's right for you. No matter what your financial situation may be, remember you're not alone