A credit score is a numerical rating that represents a person’s creditworthiness. It measures how likely someone is to repay their debts on time based on their credit history. Credit scores are typically calculated using a mathematical formula that considers various factors, including payment history, the amount of debt owed, length of credit history, types […]Continue Reading
5 Helpful Tips On How To Use Credit Cards Responsibly
Some refuse to use credit cards, thinking that if they don’t use them, they won’t get into a difficult financial situation like debt. The truth, however, is that credit cards can be powerful tools if they are correctly used. They can help you build up your creditworthiness and increase your credit score if you use […]Continue Reading
Debit Card Versus Credit Card: What’s The Big Difference?
Credit cards and debit cards….they’re all the same, right? Wrong! A credit card is a plastic card whose holder has been granted a revolving credit line (unsecured credit). This piece of plastic provides the holder with the ability to make purchases and/or cash advances up to a predetermined limit. The credit granted can be paid in full by the […]Continue Reading
What Is A Good Credit Score And Why Does It Matter?
A credit score is a numerical value between 300-850 that someone is assigned to show a potential lender how likely one is to honor their debts. The higher the credit score is, the more trustworthy they appear to the lender. This is also called Creditworthiness in the lending industry. But what is a good credit […]Continue Reading
10 Smart Ways To Improve Your Credit Rating
If you need to get your credit rating improved, you’re not alone. Millions of people want to see their credit scores go up in order to have lower interest fees and more favorable opportunities for loans. There are plenty of simple ways to get your rating up, but it will take some time. 1. Pay […]Continue Reading
What Does Your Credit Score Mean
A credit score is one of the most important numbers that any person ever deals with. This seemingly simple three-digit number tells potential lenders so much about the kind of history that a person has had with their credit in the past. In other words, this score details the actions or inaction that a person […]Continue Reading
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 […]Continue Reading
Video: Want to Understand Your Credit Score and Obtain a Credit Report?
Video: Want to Understand Your Credit Score and Obtain a Credit Report? You may often hear about how important your credit score is, but do you know what really goes into it? This video will help you understand what a credit score is, how your score can affect your life, how to improve your credit […]Continue Reading
White Paper: The Good, the Bad, and the Ugly of Your Credit Report
Advantage CCS has released a new White Paper that is meant to educate consumers on how to properly read a credit report and how maintaining a good credit history is essential to their overall financial standing. The White Paper, explains that individuals with bad credit suffer the consequences of either being totally denied for loans […]Continue Reading
How to Understand Your Credit Score and Obtain Your Credit Report
A credit score is an important part of your credit history and overall is essential for many purchases, loans and other important financial decisions or transactions. It can help determine a lot of things, such as interest rates that you’ll receive. That’s why it is important to fully understand and know what credit score you […]Continue Reading