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What Is A Rapid Rescore?

When you apply for credit, such as a loan or credit card, a bank or other financial institution will check your credit score. A high credit score shows that you’ve managed credit responsibly and are likely to pay back a debt on time. On the other hand, a low credit score indicates that you may […]

Do Interest Rates Affect Your Credit Score?

When it comes to borrowing money, interest rates play a significant role in determining the cost of borrowing. But did you know that interest rates can also affect your credit score?  In this article, we will explore the relationship between interest rates and credit scores and how they can impact your ability to borrow money. […]

Can You Build Credit With Rent Payments?

In order to build credit, you’ll need to establish a history of borrowing money and making on-time payments. Paying rent, however, doesn’t traditionally help you build credit. The reason? rent information typically doesn’t normally show up on your credit report. Luckily, this doesn’t mean you can’t use your rent payments to build credit. Some landlords […]

Does Returning A Purchase Affect Your Credit Score?

There could be any number of reasons why you’d want to return an item you purchased. Maybe you ordered an item and the seller accidentally shipped the wrong one. Or, maybe you just changed your mind. Luckily, returning a purchase you made with cash won’t affect your credit score whatsoever. Unfortunately, returning a purchase you […]

Can You Get A Debt Consolidation Loan With Bad Credit?

Debt consolidation loans can be a great way to get a handle on high-interest credit card debt. But in order to get one, you need to apply and qualify. This, however, can be a problem if you have bad credit, as lenders check your credit score and credit history to decide whether to grant you […]

Does Medical Debt Affect Your Credit Score?

The amount of debt you owe directly affects your credit, which is why it makes sense to think that medical debt can also hurt your credit score. Fortunately, medical debt isn’t treated like other types of debt and may not even show up on your credit report at all. That being said, medical debt still […]

Can You Get A Mortgage With Bad Credit?

Before a mortgage lender can give you a mortgage, they first need to determine the likelihood you’ll make on-time payments. To do this, banks and other financial institutions will check your credit report and credit score. Having bad credit signals to lenders that you’ve struggled to manage debt in the past and may be likely […]

Can Credit Card Piggybacking Help You Build Credit?

When applying for a loan, lenders must assess the likelihood of timely debt repayment by evaluating various factors, one of which is credit history. However, establishing a strong credit history can be challenging, as credit usage through credit cards and loans is necessary to do so. Credit card piggybacking offers a solution, as it allows […]

Does Having No Debt Bad Hurt Your Credit Score?

Many people believe that having no debt is a good thing, and in many ways, it is. Being debt-free gives you own all of your assets and don’t have any monthly debt payments to worry about- giving you a sense of financial freedom and stability. When it comes to your credit score, however, having no […]

Can Loan Deferment Affect Your Credit Score?

Missing your debt payments can significantly impact your credit score. This is because your payment history is the most important factor affecting it. So if you’re in a financial bind and are struggling to pay your bills on time, loan deferment may be an option worth considering. Loan deferment allows you to pause your payments […]

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