bankruptcy

Larger Credit Limits Can Result in a Better Credit Score (But Be Careful!)

Credit card
Use your plastic carefully for a better credit score
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Bouncing back after bankruptcy is a journey and those that racked up big credit card debt that was discharged in Chapter 7 or 13 might be gun shy about plastic. However, rebuilding your credit score after bankruptcy is critical and it’s almost impossible to do ...

When Paying Debt Can Hurt Your Credit Score – And Why

Some cash
When paying debt can hurt your credit score
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There are lots of reasons to improve your credit score. If you want to buy a new car or get a home loan or refinance your existing mortgage, you’ll get a preferable interest rate with a higher credit score. If you’re hoping ...

5 Ways to Improve Your Credit Score This Year

Number five - Numero cinco
Good habits protect your credit score
Image Source: Flickr User Araí Moleri Riva-Zucchelli

 

After bankruptcy, one of the first things to do to take full advantage of the fresh start you have is to begin rebuilding your credit as soon as possible. Within just a few months of your bankruptcy discharge, it’s time to start working on ...

Getting a Car After Bankruptcy – Lease or Buy – And What Credit Score Do You Need?

cars
You can buy a car after bankruptcy
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One of the primary concerns for many bankruptcy filers is what happens after their discharge. They want to know what options they will have, whether they can get credit again, how soon they can get credit, and whether they can buy a house or ...

How Does Medical Debt Affect Your Credit Score?

Illness
Medical debt can tank your credit score
Image Source: Flickr User Claus Rebler

 

Medical debt is unique among other types of debt because of the complications of the insurance intermediary. This is also debt you generally don’t get into voluntarily unlike a mortgage, car loan, or credit card bill. Medical debt is a plague on the uninsured ...

What Credit Card Activities Can Benefit or Harm Your Score?

Credit Cards Picture
Use credit cards wisely to benefit your score
Image Source: Flickr User 401(K) 2012

 

Credit card activity and debt are major contributors to your credit score. If you’re rebuilding your credit score after bankruptcy, it pays to know how your score is calculated and how your decisions about your credit cards can affect your score for the better ...

6 Ways to Kill Your Credit Score Fast – Part 2

Low credit rating - only 590
Don’t kill your credit score
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Consumers want to shield their credit score from damage, but you may not know some things that will kill your credit score faster than you could imagine. This two-part series examines six top credit score killers. You can read the first three in part ...

Can Your Credit Score Change For No Reason?

Man working
Wondering why your credit score changed?
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If you’re a credit score watcher, you may know that all-important three-digit number at any given time. If you don’t keep track of your credit score, you should. Monitoring services are inexpensive and can keep you on top of your credit score and alert ...

7 Habits of People With Excellent Credit Scores – And How To Improve Yours

Seven Good Credit Habits
You can learn healthy financial habits
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Getting and keeping a good credit score is not a matter of chance. Those with excellent credit work hard at protecting and improving their score. You can’t just hope for the best. A good credit score is the result of intention and healthy financial ...

What Helps Your Credit Score and What Harms It?

Do you know what’s good for your credit?
Do you know what’s good for your credit?
Image Source: Flickr User: Doug Hay

 

A recent study by Capital One called the “Credit Confidence Study” surveyed more than 2,300 people establishing or rebuilding their credit. Unfortunately, not everyone understands what impacts their credit score and which habits can help or hurt their credit. Here is a look at ...