Use these steps I used to fix my credit score in six months and boost my FICO to over 800 Whether you’re just starting out with credit or destroyed your FICO score like I did, it can take years to rebuild your credit score… But you don’t have years do you? I totally understand. When you need money, when you need a loan, you can’t wait to increase your credit score to get rates you can … [Read more...]
What is a Good APR [and 5 Steps to Get One]
Understanding the difference between APR and interest rate will help you get a good APR for any loan Ever wonder why there is so much technical jargon in lending? You’ve got an interest rate and an annual percentage rate (APR). Your payments are calculated with a formula that only an MIT grad could understand. It’s because that’s how lenders get as much money out of you as possible. The jargon … [Read more...]
What Happens if You Go Over Your Credit Limit
Understand the costs of spending over your credit limit and what to do if it happens You’re close to your credit limit and then you see it, that one thing you absolutely must have… It happens. Is your card going to be declined? What happens if you try to charge over your limit? How much does it cost to spend over your limit? It’s one of the most misunderstood parts of using a credit … [Read more...]
Which Factors Most Influence Credit Score?
Understanding the factors that affect credit score and how to manipulate them will get you the best possible rate on your next loan. The market for credit repair services brings in over $4 billion a year and 80% of Americans have been denied a loan at some point because of their credit score. It’s obvious there’s big business around understanding credit scores and knowing which factors most … [Read more...]
12 Best Books about Debt Relief and Credit Repair
A short list of Amazon’s best books about debt relief, credit repair and increasing your credit score I destroyed my credit in my early 20s and it was only by reading books about debt relief and credit repair that I was able to claw my way back to financial freedom. I ended up adding 140 points to my credit score in just four years, using many of the same strategies you’ll find in the books in … [Read more...]