Experts suggest that rebuilding credit scores this New Year should be top priority rather than merely getting rid of old debts. Every New Year people go about making resolutions to get out of debt, but never think of rebuilding their credit scores. Owing to the recession, there were a number of credit scores that were hit in a big way as credit card holders were struggling to make payments on time. Todd Albery, CEO of Quizzle, a Detroit-based website on … (more) January 4, 2012
The Federal Trade Commission and the Fed Reserve have finalized the rules that will help in making things easier for the US consumers and they will be able to obtain their credit scores for free from the lenders. These new rules basically come from the Dodd-Frank financial reforms that were passed by the Congress last year. Now, banks and the others who use the consumer’s credit scores will have to disclose these scores to the consumers, especially if the scores … (more) August 8, 2011
Repairing a damaged credit score isn’t like an error done with a pencil; is an eraser, put in the right answer then errors are corrected. With a credit score, you have to invest money, effort and time. And the worse thing about a real poor credit score is that it takes years before you can have your score as good as new again. In America alone, a large percent of consumers have felt a sudden drop in their credit scores … (more) November 15, 2010
When you feel like all the opportunities for you to improve your lifestyle like having a new house and a car, going to Universities and would like to apply for a credit card was being declined due to a low credit score, isn’t it time to fix your credit score? One of the reasons why a credit score is important in purchasing and running it under lenders is that they based it on how credible you are to make payments. … (more) December 1, 2010
